KENJICHEN

0403-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil strongly reached our daily target yesterday, moreover, uptrend of oil still going on and may challenge $64.

With hardly momentum and breakout of 62.41, I expect oil can maintain it energy to rise for the Fifth trading day.

62.41 is a relative price to keep uptrend alive, therefore, we should better long around at 62.41 or at reversal horizon.

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