26/7/2018
WTI Crude Oil Sept 18
Previous Close: 69.30 +0.78
Oil rose for 2nd day after EIA weekly report showed crude inventories fell to lowest since 2015.
Daily chart showed crude oil in sideway and testing rebound to above middle line of BB, wait for confirmation, while hourly chart testing close gap around 70.11.
Classic Support & Resistance
Resistance: 71.10 71.66
Support: 68.20 67.04
Recommend Trading Plan for the day:
1. Look for sell signal below 69.19.
2. Buy 69.43 for technical rebound, stop 69.31, profit 69.55/69.67.
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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