13/8/2018
*WTI Crude Oil Sept 18*
Previous Close: 67.63 +0.82
Oil rose more than 1% on last Friday as US sanctions against Iran expected to tighten supply.
Weekly chart marked for another week of losses and potential RSI divergence may drag down further the oil price. Daily chart showed oil overall in a correction stage in a bull trend.
*Classic Support & Resistance*
Resistance: 68.90 69.92
Support: 66.14 64.34
*Recommend Trading Plan for the day:*
1. Sell 67.59, stop 67.74, profit 67.44/67.29.
2, Look for buy signal above 67.95.
*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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