US OIL breaks major trend line resistance ,targets $38.55/$39.30

FX:USOIL   CFDs on Crude Oil (WTI)
463 0 9
Major resistance - $36.40 ( trend line joining $39.82 and $39.01)

Major support - $36 (55 day EMA )

US Oil             has broken major resistance $36.40 and jumped till $37.05 at the time of writing .It is currently trading around $37.

Short term trend is slightly bullish as long as support $36 holds.

On the higher side major resistance is around $37.30 (7 day EMA ) and any break above this level will take the commodity further higher till $38.25/$38.55/$39.30 in short term.

Overall bearish invalidation only above $42.

The commodity on the lower side is facing major support around $36 and any break below targets $35/$34.70.

It is good to buy at dips around $36.90-$37 with SL around $36 for the TP of $38.55/$39.30

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out