0509-USOIL Analysis

USOIL
Oil failed to challenge resistance above $62 yesterday, thus it may need one more correction during next 2 trading days this week.

However, the triple bottom still exist so we need to consider a nice place to do long when another correction may happened.

Therefore, I suggest do long position at reversal horizon which is 13:00~14:00 or around 60.68, and target 62.40 / 62.90 at least.

Support: 61.06 / 60.68 / 60.10
Resistance: 62.05 / 62.47