31/10/2018

*WTI Crude Oil Dec 18*

Previous Close: 66.18 -0.86

Crude declined more than 1% on worries of trade war, despite a lower than expected weekly oil inventories as reported by API. Watch out for EIA weekly crude oil stock data on 1030pm tonight.

Hourly chart showed a sideway to lower trend, watch out for potential RSI bullish divergence.

*Classic Support & Resistance*
Resistance: 67.95 69.77
Support: 65.33 64.43

*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 66.87.

*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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