WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 8/11/2018 - More lower highs & lows, but potential RSI bullish divergence rebound
InvestorsDoctor
Publish date: Thu, 08 Nov 2018, 10:30 AM
InvestorsDoctor
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8/11/2018
*WTI Crude Oil Dec 18*
Previous Close: 61.67 -0.54
Oil continue to decline after EIA showed a higher than expected inventories and surging US crude production.
Hourly chart formed more lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 63.18 64.14
Support: 59.95 58.07
*Recommend Trading Plan for the day:*
1. Look for sell signal below 61.20.
*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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