FxWirePro
Long

USOIL breaks major trend line resistance, targets $38.30/$40

FX:USOIL   Crude Oil (WTI)
474 0 7
Major support - $34.80 (resistance turned into Support)

Major resistance - $35.82 (trend line joining 560.91 and $48.25)

USOIL             broken the major resistance $35.80 and jumped till $36.69. It is currently trading around $36.54.

Short term trend is still bullish as long as support $34.80 holds.

On the higher side major resistance is around $36.70 and break above targets $38.62/$41.50.

The minor support is around $35.90 and break below will drag the commodity down till $35.50/$34.80.

It is good to buy at dips around $36.50-$36.60 with SL around $35.50 for the TP of $38.30/$40

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out