8/8/2018
*WTI Crude Oil Sept 18*
Previous Close: 69.17 +0.68
Oil rose on yesterday, back to above 69 after US sanctions on Iran went into effect.
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: 69.92 71.10
Support: 67.87 66.92
*Recommend Trading Plan for the day:*
1. Look for buy signal above 69.38.
2, Look for sell signal below 68.98.
*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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