KENJICHEN

0520-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil bounced toward 63.68 level after OPEC signals continue to production cut, thus oil uptrend will proceed.

However, we did long position last week and may maintain the position for more profits. Depend on oil daily chart, oil challenge $64 is about to happened.

Consider long at 63.30 for target 64.00 if u didn't have long yet.

Support: 63.30 / 62.90
Resistance: 63.68 / 64.07
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