WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 6/8/2018 - End the week below 69 on technical selling & oil output concerns

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Publish date: Mon, 06 Aug 2018, 10:59 AM
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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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