KENJICHEN

0418-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil reconfirm the consolidate area around 63.15~63.56 today which struggle in previous day and then rebounce to 64.40.

With strong upward momentum in the Euro market, therefore, US market may rise again to challenge the resistance and maintain $64 level.

So, try long to oil around at 63.85 or Reversal horizon.

Support: 63.85 / 63.57
Resistance: 64.18 / 64.36
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