29/8/2018

 

WTI Crude Oil Oct 18

 

Previous Close: 68.53 -0.34

 

Oil settled slightly lower yesterday on higher than expected API weekly crude oil stock. Watch out for EIA weekly crude oil stock at 1030pm tonight.

 

Daily & hourly charts showed crude oil retraced from high, but no confirm down signal yet, wait for more breakout signal.

 

 Classic Support & Resistance 

Resistance:  69.31 69.92 71.10

Support:    67.32 66.02

 

 Recommend Trading Plan for the day: 

1. Look for buy signal above 68.70. 

2. Look for sell signal below 68.21.

 

WTI Oil Margin Requirement (per lot) 

WTI Crude : USD 3795

Mini Crude : USD 1897.50

 

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