KENJICHEN

0618-USOIL Analysis

Short
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil seems lack of momentum to push up and struggle around mid-cycle 0.618 level which is 51.60.
However, the presence of Monday has give us a hint to oil's future, once if 51.60 can't hold again oil may face plunge to $50 level.

Therefore, we should short oil directly with small SL to earn double or more profits. Consider short oil right now!

Support: 51.60 / 51.23 / 50.72
Resistance: 52.25


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