FxWirePro
Long

US OIL breaks major resistance $40.80, targets $41.87/$42.73

FX:USOIL   Crude Oil (WTI)
438 0 6
Major resistance - $40.80 ( trend line joining $50.91 and $41.87)

Major support - $39 (7 day EMA )

US Oil             has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75.

Short term trend is bullish as long as support $39 holds.

Any break above major resistance $40.80 will take the commodity to temporary top $41.87 (Mar 22nd 2016)/$42.73 (1.13% retracement of $41.87 and $35.22)/$45.

On the lower side minor support is around $40 and break below targets $39/$38. Short term weakness can be seen only below $35 level.

It is good to buy at dips around $40.70-$40.75 with SL around $39.90 for the TP of $41.87/$42.73

United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out