WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 28/8/2018 - Remain bullish, likely to test 70 resistance
InvestorsDoctor
Publish date: Tue, 28 Aug 2018, 10:20 AM
InvestorsDoctor
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28/8/2018
*WTI Crude Oil Oct 18*
Previous Close: 68.87 +0.15
Oil settled slightly higher on yesterday as supported by a strong stock market after news that the US and Mexico agreed to overhaul the NAFTA. Watch out for API weekly crude oil stock at 1am tomorrow.
Daily chart showed crude oil sustain above middle line of BB while technical indicators still crossing up, oil likely to test upper band of BB which is around 70.
*Classic Support & Resistance*
Resistance: 69.92 71.16
Support: 68.25 67.32
*Recommend Trading Plan for the day:*
1. Look for buy signal above 69.31.
2. Look for sell signal below 68.25.
*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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