10/10/2018
*WTI Crude Oil Nov 18*
Previous Close: 74.96 +0.67
Oil rose near 1% yesterday on expectation of slowing production due to a shutdown in Gulf of Mexico because of the Hurricane.
Hourly chart showed crude oil in testing rebound after a RSI bullish divergence to test 50%-61.8% Fibo retracement level of swing 76.90-73.07.
*Classic Support & Resistance*
Resistance: 75.28 76.90
Support: 74 73.07
*Recommend Trading Plan for the day:*
1. Look for sell signal below 74.59.
*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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