WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 20/7/2018 - Continue technical rebound to test above 68

InvestorsDoctor
Publish date: Fri, 20 Jul 2018, 11:03 AM
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20/7/2018

 
*WTI Crude Oil Sept 18*
 
Previous Close: 68.24 +0.49
 
Oil showed some recovery to above 68 on technical rebound. Watch out for US oil rig count on 1am tomorrow.
 
Daily chart found a ground around 66.3, testing a technical rebound, required more higher highs & lows to confirm.
 
 *Classic Support & Resistance*
Resistance: 69.81 70.60
Support: 66.29 65.32
 
 *Recommend Trading Plan for the day:*
1. Wait for more breakout signal.
 
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3575
Mini Crude : USD 1787.5
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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