WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 21/8/2018 - Continue rebound as concerns on Iran sanctions and as trade war tensions eased

InvestorsDoctor
Publish date: Tue, 21 Aug 2018, 10:35 AM
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21/8/2018

 
*WTI Crude Oil Oct 18*
 
Previous Close: 65.42 +0.21
 
Oil sustained above 65 as investors expected a fall in supple from Iran due to US sanctions. Watch out for API weekly crude oil stock data at 430am tomorrow.
 
Daily & hourly charts showed crude oil in testing rebound from previous low, wait for more breakout signal.
 
 *Classic Support & Resistance*
Resistance: 66.22 66.83
Support: 64.65 63.89
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 65.65.
 
*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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