KENJICHEN

0508-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil had quickly plunge yesterday and supported around at 60.80, obviously oil reconfirm there have some upward pressure below $61.

As triple bottom shows up, we should better try long position to oil, moreover, overall US mkt and Dollar weaker condition may give oil opportunities to thrive.

Consider long oil around 61.56 and target at 62.10 / 62.40.
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