KENJICHEN

0417-USOIL Analysis

Short
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil reveal extended triangle pattern in H4 chart, and may have consequences in following days.

Therefore, we have two choice to our daily strategy, first, if extended consolidation establish then short position can be execute with small loss.

Second, by following uptrend momentum, we may waiting good position and timing to long gold, which is 64.00 level and Reversal horizon.

Support: 64.30 / 64.00
Resistance: 64.55 / 64.68

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