KENJICHEN

0314-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL

Oil finally breakout the consolidation interval yesterday, then it may be target at least to 59.34~59.70.

Therefore, long oil with no doubt, but find the great price to get in.

If oil still above 58.24 after Euro market open, which is 09:00, then its will be a signal to long it directly.

In other side, if Euro market shows downward pressure to oil, we should wait for 57.85 to long.

Support: 57.55 / 57.85 / 58.24

Resistance: 58.71 / 59.34
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