KENJICHEN

0213-USOIL Analysis.

Short
TVC:USOIL   CFDs on WTI Crude Oil
USOIL
Oil got weak bounce in the Asia and Euro trading zone and didn't have enough power to test resistance area.
Oil would probably waiting the EIA to exert rising energy, but once can't break the 54.26 or can't keep above 54.00, then oil will still fall back to today's low.
In the analysis I present on previous day, oil still in the Triple Top pattern range, so we should be ware of it.

Short safety when oil get in the reversal horizon!

Support: 53.36 / 52.93

Resistance: 54.04 / 54.26

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