WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 22/10/2018 - Technical rebound but still posted a weekly loss

InvestorsDoctor
Publish date: Mon, 22 Oct 2018, 10:15 AM
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22/10/2018

 
*WTI Crude Oil Dec 18*
 
Previous Close: 69.28 +0.57
 
Crude oil showed technical rebound on last Friday on signs of surging demand in China. 
 
Hourly chart showed crude oil in testing rebound from RSI oversold, wait for more breakout signal.
 
 *Classic Support & Resistance* 
Resistance: 70.26 72.53 
Support: 67.74 66.50
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 69.10.
2. Look for buy signal above 69.90.
 
*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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