KENJICHEN

0315-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Obviously, oil maintain strong uptrend and retest the support area yesterday.

Without doubt, we should better hold long position and target at least 59.34, however, if u didnt long oil, reversal horizon may be a chance to do it, which around chart time 06:00~07:00.

Otherwise, $58 is relative critical pivot for uptrend, once oil stand above 58.00 the uptrend will not breach.

Support: 58.00 / 58.25 / 58.49

Resistance: 58.71 / 59.34

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