Oil price hit two month low yesterday on US inventory data. US stockpiles rose last week for the first time in nine weeks, according to report from EIA .
Technically it is facing resistance around 1.3940 and any break of would extend gains till 1.4025/1.40533.
On the downside weakness only below 1.3865 and break of will target 1.3800 level.
It is good to buy at 1.3925-30 with SL around 1.3865 for TP of 1.4020/1.4050.