FxWirePro
Long

US Oil breaks major resistance $38.40, targets $41

FX:USOIL   Crude Oil (WTI)
588 3 11
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
SL hit. Are u going to do new entry?
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Crude Bullish !
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Thanks for clear view,
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