WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 30/8/2018 - Back to above 69 as EIA reported surprise draw in weekly stock
InvestorsDoctor
Publish date: Thu, 30 Aug 2018, 10:07 AM
InvestorsDoctor
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30/8/2018
*WTI Crude Oil Oct 18*
Previous Close: 69.51 +0.98
Oil rose more than 1% as EIA reported a surprise draw in weekly crude oil stock compared to API's data and on news of falling Iranian crude shipments.
Hourly chart showed oil in testing rebound but watch out for potential technical correction as RSI in overbought.
*Classic Support & Resistance*
Resistance: 70.43 71.66
Support: 68.21 67.32
*Recommend Trading Plan for the day:*
1. Look for buy signal above 69.77.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3410
Mini Crude : USD 1705
Disclaimer: Idea sharing only, trade at your own risk.
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