WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 18/9/2018 - Trade war tension dragged down oil price
InvestorsDoctor
Publish date: Tue, 18 Sep 2018, 10:43 AM
InvestorsDoctor
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18/9/2018
*WTI Crude Oil Nov 18*
Previous Close: 68.53 -0.24
Oil edged lower on yesterday as investors focused on deepening trade tension between the US and China. Watch out for API weekly crude oil stock tomorrow at 430am.
Daily chart showed crude oil in ascending triangle pattern, wait for breakout, while hourly chart showed a retracement to test 38.2 Fibo level of swing 66.67-70.89.
*Classic Support & Resistance*
Resistance: 69.70 70.98
Support: 66.67 65.37
*Recommend Trading Plan for the day:*
1. Look for sell signal below 68.29.
*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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