26/9/2018
*WTI Crude Oil Nov 18*
Previous Close: 72.28 +0.2
Oil rose yesterday on supply concerns following US sanctions on Iran, despite API weekly crude oil stock showed higher than expected inventories. Watch out for EIA weekly crude oil stock tonight on 1030pm.
Daily & hourly charts showed crude oil sustained above 72, more than 2 month high, trend more to bullish, but watch out for potential technical correction in short term as technical indicators crossing down.
*Classic Support & Resistance*
Resistance: 72.78 75.27
Support: 71.14 69.98
*Recommend Trading Plan for the day:*
1. Buy 72.13, stop 71.99, profit 72.27/72.41.
2. Look for sell signal below 71.83.
*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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