23/7/2018
*WTI Crude Oil Sept 18*
Previous Close: 68.26 +0.02
Oil traded in tight range on last Friday as market showed mix signals of oil price.
Daily chart formed indecisive candles, wait for breakout, while hourly chart show crude oil moved in between 38.2-61.8 of Fibo retracement of previous upswing 62.99-72.98.
*Classic Support & Resistance*
Resistance: 68.91 69.81
Support: 67.52 66.29
*Recommend Trading Plan for the day:*
1. Sell 68.01, stop 68.13, profit 67.89/67.77.
2. Look for buy signal if break day high of 68.35.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3575
Mini Crude : USD 1787.5
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy