US Oil breaks major resistance $38.40, targets $41
Major resistance - $38.40 (8th Mar high)
Major support - $37
US Oil has broken major resistance $38.40 and jumped till $38.46.It is currently trading around $38.22.
Any break above $38.40 confirms minor trend reversal , a jump till $39.70/$41.90 is possible .
On the lower side minor support is around $37.70 and any break below targets $37.205/$37
Short term bullish invalidation only below $35.85.
It is good to buy at dips around $38 with SL around $37 for the TP of $39.70/$41
Major support - $37
US Oil has broken major resistance $38.40 and jumped till $38.46.It is currently trading around $38.22.
Any break above $38.40 confirms minor trend reversal , a jump till $39.70/$41.90 is possible .
On the lower side minor support is around $37.70 and any break below targets $37.205/$37
Short term bullish invalidation only below $35.85.
It is good to buy at dips around $38 with SL around $37 for the TP of $39.70/$41