25/7/2018
*WTI Crude Oil Sept 18*
Previous Close: 68.52 +0.63
Oil rose on yesterday, back to above 68 as API reported a decline more than expected weekly crude oil inventories. EIA weekly crude oil inventories will be released at 1030pm tonight.
Daily chart showed crude oil in sideway and testing rebound to above middle line of BB, wait for confirmation, while hourly chart showed oil testing 61.8% Fibo retracement of previous up swing 62.99-72.98
*Classic Support & Resistance*
Resistance: 69.31 70.60
Support: 67.56 66.36
*Recommend Trading Plan for the day:*
1. Look for sell signal below 68.37.
2. Look for buy signal above 69.05.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3795
Mini Crude : USD 1897.50
Disclaimer: Idea sharing only, trade at your own risk.
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