WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 15/8/2018 - API weekly oil stock increase, pushed price lower
InvestorsDoctor
Publish date: Wed, 15 Aug 2018, 10:53 AM
InvestorsDoctor
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15/8/2018
*WTI Crude Oil Sept 18*
Previous Close: 67.04 -0.16
Please be noted that Sep 18 contract will be expired on 21 Aug, traders may choose to trade Oct 18 contract. Oil edged lower on yesterday as API showed increased weekly oil inventories. Watch out for EIA weekly data tonight at 1030pm.
Daily & hourly charts showed oil continue in correction as technical indicators trending down.
*Classic Support & Resistance*
Resistance: 67.51 68.37
Support: 65.71 64.34
*Recommend Trading Plan for the day:*
1. Buy 66.84 for technical rebound, stop 66.68, profit 67/67.16.
2, Look for Sell signal below 66.51.
*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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