WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 9/11/2018 - More lower highs & lows, but watch out for potential technical rebound
InvestorsDoctor
Publish date: Fri, 09 Nov 2018, 10:56 AM
InvestorsDoctor
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9/11/2018
*WTI Crude Oil Dec 18*
Previous Close: 60.67 -1
Oil fell nearly 2% yesterday on global supply concerns and raising US crude inventories. Watch out for US oil rig count on 2am tomorrow.
Hourly chart formed more lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 62.42 64.14
Support: 59.95 58.07
*Recommend Trading Plan for the day:*
1. Sell 60.40, stop 60.60, profit 60.20/60.
*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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