3/9/2018
*WTI Crude Oil Oct 18*
Previous Close: 69.80 -0.45
Oil slipped on last week on technical selling but optimism on Iran sanction likely to offset trade war concerns.
Hourly chart showed oil retraced from RSI bearish divergence but overall remain more to bullish.
*Classic Support & Resistance*
Resistance: 70.50 71.66
Support: 68.79 68.21
*Recommend Trading Plan for the day:*
1. Sell 69.52 for technical correction, stop 69.62, profit 69.42/69.32.
*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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