2/10/2018
*WTI Crude Oil Nov 18*
Previous Close: 75.30 +2.05
Oil hit its highest since Nov 2014 last night, marked its bullish trend as US sanctions on Iran & trade deal with Canada boosted oil prices. Watch out for API weekly crude oil stock on 430am tomorrow.
Daily & hourly charts formed higher highs & lows, more to bullish, but be cautious of potential technical correction in short term as hourly RSI in overbought.
*Classic Support & Resistance*
Resistance: 77.02 79.85
Support: 74.54 72.95
*Recommend Trading Plan for the day:*
1. Look for buy signal above 75.77.
2. Look for technical correction sell signal below 75.36.
*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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