WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 27/7/2018 - Continue rebound as Saudi suspend oil shipments & trade war tension eased
InvestorsDoctor
Publish date: Fri, 27 Jul 2018, 10:50 AM
InvestorsDoctor
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27/7/2018
*WTI Crude Oil Sept 18*
Previous Close: 69.61 +0.31
Oil rose for the 3rd consecutive day on yesterday after Saudi Arabia suspended oil shipments after an attack on oil tankers and as trade tensions between the US & EU eased. Watch out for US oil rig count at 1am tomorrow.
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 72.05
Support: 68.20 67.04
*Recommend Trading Plan for the day:*
1. Look for buy signal above 69.92.
*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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