31/7/2018
*WTI Crude Oil Sept 18*
Previous Close: 70.13 +1.44
Oil jumped more than 2% yesterday, erased previous losses and back to above 70 on a possible hit to crude output from US sanctions on Iran. Watch out for API weekly crude oil stock at 430am tomorrow.
Hourly chart showed crude oil in testing rebound, with trend more to sideway.
*Classic Support & Resistance*
Resistance: 71.10 71.66
Support: 68.80 68.20
*Recommend Trading Plan for the day:*
1. Buy 70.23, stop 70.05, profit 70.41/70.59.
*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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Created by InvestorsDoctor | Dec 31, 2019
Created by InvestorsDoctor | Dec 18, 2019
Created by InvestorsDoctor | Dec 17, 2019