WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 8/10/2018 - In technical correction, will it rebound from here?
InvestorsDoctor
Publish date: Mon, 08 Oct 2018, 10:22 AM
InvestorsDoctor
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8/10/2018
*WTI Crude Oil Nov 18*
Previous Close: 74.34 +0.01
Oil was almost unchanged on last Friday yet able to sustain at 4 year high.
Hourly chart showed crude oil in technical correction, testing 3.618 Fibo level, but watch out for potential rebound signal as RSI in bullish divergence.
*Classic Support & Resistance*
Resistance: 75.22 76.90
Support: 72.95 71.47
*Recommend Trading Plan for the day:*
1. Look for buy signal above 74.10.
2. Look for sell signal below 73.53.
*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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