WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 19/9/2018 - Oil recovered from trade war tension on bullish OPEC signs to not raise output
InvestorsDoctor
Publish date: Wed, 19 Sep 2018, 09:45 AM
InvestorsDoctor
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19/9/2018
*WTI Crude Oil Nov 18*
Previous Close: 69.59 +1.06
Oil rose more than 1% on signs that OPEC would not raise output, offset bearish API weekly crude oil stock data. Watch out for EIA data tonight 1030pm.
Daily chart showed crude oil in ascending triangle pattern, wait for breakout.
*Classic Support & Resistance*
Resistance: 70.42 71.40
Support: 68.53 67.94
*Recommend Trading Plan for the day:*
1. Look for sell signal below 69.36.
2. look for buy signal above 70.42.
*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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