US Oil breaks major resistance around $39, targets $40.85

FX:USOIL   CFDs on Crude Oil (WTI)
746 5 12
Major resistance -$39

Minor support - $38

US Oil             has broken major resistance $39 and jumped till $39.35. It is currently trading around $39.11.Short term trend is bullish as long as support $36 holds.

On the lower side minor support is around $38 and any break below will drag the commodity down till $37.38/36.90.

Any break above $39 will take the commodity to next level till $40/$40.85.

It is good to buy at dips around $38.85-$38.90 with SL around $37.80 for the TP of $40.85

right on target: )
Thank you.
FX anychance you can do a chart on NG1? (nat gas) Would love to see your thoughts.
FxWirePro LachlanGorman
+1 Reply
Thanks FX, Love your work
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