3/8/2018
*WTI Crude Oil Sept 18*
Previous Close: 68.96 +1.3
Oil rose on yesterday as US stock market recovered from trade war fears. Watch out for US oil rig count at 1am tomorrow.
Daily chart showed crude oil in a technical correction stage as candles below middle line of BB, yet overall in a bull trend. Houely chart show oil in a large range sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 70.43 71.66
Support: 68.25 66.92
*Recommend Trading Plan for the day:*
1. Buy 68.98, stop 68.81, profit 69.15/69.32.
2, Look for sell signal below 68.82.
*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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