WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 1/10/2018 - Bullish on strong brent oil and concern about Iran sanctions
InvestorsDoctor
Publish date: Mon, 01 Oct 2018, 09:59 AM
InvestorsDoctor
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1/10/2018
*WTI Crude Oil Nov 18*
Previous Close: 73.25 +1.13
Oil rose more than 1% on last Friday as Brent climbed to 4 year high and as concerns of Iran sanctions may limit global supply.
Hourly chart showed crude oil hit more than 2 month high, trend is bullish, likely to test further resistance level.
*Classic Support & Resistance*
Resistance: 74.26 75.27
Support: 71.47 69.98
*Recommend Trading Plan for the day:*
1. Look for buy signal above 73.72.
*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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