WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 24/8/2018 - Unchanged as trade war tension offset bullish US weekly crude inventories

InvestorsDoctor
Publish date: Fri, 24 Aug 2018, 10:09 AM
To get more information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/




24/8/2018

 
*WTI Crude Oil Oct 18*
 
Previous Close: 67.83 -0.03
 
Oil was mostly unchanged yesterday as US-China trade war tension weighed on big draw in US weekly crude oil stock. Watch out for US oil rig count at 1am tomorrow.
 
Daily chart showed crude oil in testing rebound, required to form higher highs & lows to confirm. Please be cautious as hourly chart showed a potential RSI bearish divergence, may drag down price in short term.
 
 *Classic Support & Resistance*
Resistance: 68.86 69.21 70.46
Support: 67.32 65.70
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 68.16.
 
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3795
Mini Crude : USD 1897.50
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Join our channels to find out more!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link: https://m.facebook.com/investorsdoctoracademy
More articles on WTI Crude Oil Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment