CFDs on WTI Crude Oil
Long

0422-USOIL Analysis

112
image]snapshot

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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.