KENJICHEN

0422-USOIL Analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil
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USOIL
Oil had rise above 65 this Asia market and pullback when reach nearly close to $66 in Euro market.

Even though, oil got some pressure lately but it didn't break the uptrend situation, moreover, we can anticipate oil rising again when US market open.

So, I recommend long oil at reversal horizon or around 65.00, then target 65.50~67 level.

Support: 65.14 / 64.77
Resistance: 65.50 / 66.00
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