14/8/2018
WTI Crude Oil Sept 18
Previous Close: 67.2 -0.43
Please be noted that Sep 18 contract will be expired on 21 Aug, traders may choose to trade Oct 18 contract. Oil erased its gains last night after Concerns on Turkey crisis may escalate trade war tensions. Watch out for API weekly crude oil stock tomorrow 430am.
Daily chart showed oil still in a bull trend, but may head for more correction in short term as technical indicators moving down. Watch out for potential technical rebound from RSI bullish divergence in hourly chart.
Classic Support & Resistance
Resistance: 68.02 69.37
Support: 65.71 64.34
Recommend Trading Plan for the day:
1. Buy 67.59, stop 67.45, profit 67.73/67.87.
2, Look for Sell signal below 67.20.
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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