KENJICHEN

0225-USOIL Analysis

Short
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
As I mentioned in Friday analysis, oil failed to breakout the resistance and had tried it for 3 days, therefore, oil may need pullback for more momentum to rise again.

In this situation, we may consider short oil for short-term trade, especially before wedensday.

Consider short USOIL around at 57.14~57.20 / SL 57.44 / TP 56.64, 56.00.

Support: 56.00 / 56.64 / 56.90

Resistance: 57.52 / 57.85

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