KENJICHEN

0228-USOIL Analysis

Long
KENJICHEN Updated   
TVC:USOIL   CFDs on WTI Crude Oil

USOIL
Oil became strong after I mentioned in previous analysis, and we can expect oil continue to create new high today.

Especially, oil tested resistance 57.37 yesterday and have small pull back below 57.00, which is the critical price that can present whether uptrend strong or not.

In daily trading, we can stand by to execute long position when price retrace to 56.60 or the reversal horizon.

Support: 56.30 / 56.60

Resistance: 57.01 / 57.37 / 57.52

Like if you trade, make Ideas or comments with me :D
Comment:
Better close-out position around 57.00
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