KENJICHEN

0619-USOIl Analysis

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TVC:USOIL   WTI 原油差价合约

USOIL
Oil got support around Fibo 0.618 at 51.60 and harshly push up yesterday, however, if oil desire to break pattern of neckline 54.52 it should not downward below 53.60 which will be the strongest scenario.

In another aspect, if oil can't stand above 53.60 this Euro mkt, then may face discontinuous K chart for following days.

So, the best strategy for today is waiting reversal horizon around time table 09:00-10:00 to long oil with 30pips SL.

Support: 53.60/ 53.13
Resistance: 54.52
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