WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 24/10/2018 - API bearish data sent oil price lower, watch out for EIA data
InvestorsDoctor
Publish date: Wed, 24 Oct 2018, 11:08 AM
InvestorsDoctor
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24/10/2018
WTI Crude Oil Dec 18
Previous Close: 66.43 -2.93
Crude oil plunged to 2 month low as dragged down by stock market sell off and surprise build in API weekly crude oil stock. Watch out for EIA weekly inventories tonight on 1030pm.
Hourly chart showed crude oil testing rebound from RSI oversold yet overall trend more to bearish.
Classic Support & Resistance
Resistance: 68.29 69.90
Support: 65.04 63.48
Recommend Trading Plan for the day:
1. Look for technical rebound buy signal above 66.72.
2. Look for sell signal below 65.74.
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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