KENJICHEN

0425-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil seems completed the consolidation during this days and struggle around at downward trend line.

Most likely waiting the momentum to bounce up and challenge high of 66.59.

Therefore, I recommend long oil near at 65.95 and target recent high, if 66.60 can breakout, the $67 will soon to see it.

In other way, if oil face resistance around high again that may cause new retracement in following days.


Support: 65.90 / 65.50
Resistance: 66.40 / 66.60
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