WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 3/10/2018 - Eased below 4 year high ahead of inventory data
InvestorsDoctor
Publish date: Wed, 03 Oct 2018, 11:30 AM
InvestorsDoctor
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3/10/2018
WTI Crude Oil Nov 18
Previous Close: 75.23 -0.07
Oil eased slightly on profit taking after continuous sessions of gains and managed to close at near 4 year high. Watch out for EIA weekly crude inventories tonight at 1030pm.
Daily chart showed more to bullish trend while hourly chart showed some technical correction from RSI overbought.
Classic Support & Resistance
Resistance: 77.02 79.85
Support: 72.95 71.47
Recommend Trading Plan for the day:
1. Buy 75.37, stop 75.19, profit 75.55/75.73.
2. Look for technical correction sell signal below 74.93.
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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