KENJICHEN

0315-USOIL Analysis

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TVC:USOIL   WTI 原油差價合約

USOIL
Obviously, oil maintain strong uptrend and retest the support area yesterday.

Without doubt, we should better hold long position and target at least 59.34, however, if u didnt long oil, reversal horizon may be a chance to do it, which around chart time 06:00~07:00.

Otherwise, $58 is relative critical pivot for uptrend, once oil stand above 58.00 the uptrend will not breach.

Support: 58.00 / 58.25 / 58.49

Resistance: 58.71 / 59.34

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