WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 23/8/2018 - Jump 3% on big weekly curde oil stock draw
InvestorsDoctor
Publish date: Thu, 23 Aug 2018, 11:15 AM
InvestorsDoctor
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23/8/2018
*WTI Crude Oil Oct 18*
Previous Close: 67.86 +2.02
Oil rose 3% on yesterday after EIA showed a larger than expected draw in weekly crude oil stock, aligned with API's data.
Hourly chart showed crude oil continue rebound but watch out for potential short term technical correction as RSI in overbought.
*Classic Support & Resistance*
Resistance: 68.86 69.21 70.46
Support: 66.84 65.69
*Recommend Trading Plan for the day:*
1. Look for buy signal above 68.15.
2. Look for sell signal below 67.70.
*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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