6/8/2018
WTI Crude Oil Sept 18
Previous Close: 68.49 -0.47
Oil gave up its gains on last Friday as pressured by oil output concerns.
Daily chart showed crude oil in a technical correction stage as candles below middle line of BB, yet overall in a bull trend. Hourly chart show oil in a large range sideway, wait for breakout.
Classic Support & Resistance
Resistance: 70.43 71.65
Support: 66.92 65.45
Recommend Trading Plan for the day:
1. Buy 68.91, stop 68.79, profit 69.03/69.15.
2, Look for sell signal below 68.50.
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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