16/10/2018
*WTI Crude Oil Dec 18*
Previous Close: 71.61 +0.43
Please be noted that Nov 18 contract will be expired by next week, traders may choose to trade Dec 18. Oil settled slightly higher yesterday as supported by geopolitical tension.
Hourly chart showed crude oil failed to sustain its double bottom signal and enter a sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 72.53 73.47
Support: 70.37 69.62 68.97
*Recommend Trading Plan for the day:*
1. Buy 71.89, stop 71.71, profit 72.07/72.25.
*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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