CFDs on WTI Crude Oil
Long

0508-USOIL Analysis

261
snapshot

USOIL
Oil had quickly plunge yesterday and supported around at 60.80, obviously oil reconfirm there have some upward pressure below $61.

As triple bottom shows up, we should better try long position to oil, moreover, overall US mkt and Dollar weaker condition may give oil opportunities to thrive.

Consider long oil around 61.56 and target at 62.10 / 62.40.

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.