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Short

WTI faces intraday resistance at $44.05,good to sell on rallies

FX:USOIL   CFDs on Crude Oil (WTI)
256 0 6
Major Intraday resistance- $44.05 (55 H EMA )

Major intraday support - $43

US Crude has recovered slightly after making a low of $43.01 in Asian session .It is currently trading around $43.38.

On the lower side any break below $43 will confirm minor weakness, a decline till $42.50 (26th Apr             low)/$42.19 ( 50% retracement of $37.59 and $46.76)/$41.09.

Any violation above $44.05 will take the US oil             till $44.50/$45.32.

Overall trend reversal only above $46.

It is good to sell around $43.30-$43.35 with SL around $44.05 for the TP of $42.19/$41.10.
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