KENJICHEN

0524-USOIL Analysis

TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil downward to 57.30 and pullback to $58 after breakdown the trendline, however, the hardest downward the fastest will be end.

So, we should care about the correction will happened in last trading day, even though the probability of bounce exist we should short oil for first try.

Consider short oil around at 58.92 with little stop loss and target 58.20~58.00.

Support: 58.20 / 58.00
Resistance: 58.92 / 59.33
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.