24/7/2018
*WTI Crude Oil Sept 18*
Previous Close: 67.89 -0.37
Oil fell on yesterday to below 68 on oversupply worries and as market stay cautious ahead of crude oil inventories data this week. API weekly crude oil stock will be released on 430am tomorrow.
Both daily & hourly charts show crude oil enters a sideway after it takes a pause in a bull rally, now wait for a breakout.
*Classic Support & Resistance*
Resistance: 67.64 69.21
Support: 65.20 63.45
*Recommend Trading Plan for the day:*
1. Look for sell signal below 66.26.
2. Look for buy signal above 66.79.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3795
Mini Crude : USD 1897.50
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy