WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 30/7/2018 - Fell more than 1% last Friday, remain in sideway

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Publish date: Mon, 30 Jul 2018, 10:35 AM
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30/7/2018

 
WTI Crude Oil Sept 18
 
Previous Close: 68.69 -0.92
 
Oil fell more than 1% on technical selling and as weighed down by US stock market. 
 
Hourly chart showed crude oil trade in a sideway range, wait for breakout.
 
 Classic Support & Resistance 
Resistance: 71.10 71.66
Support: 67.56 67.04
 
 Recommend Trading Plan for the day: 
1. Sell 68.82, stop 68.97, profit 68.67/68.52.
2. Look for buy signal above 69.08.
 
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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