FxWirePro
Short

US Oil breaks major support at $43.40, targets $42.40/$41.40

FX:USOIL   Crude Oil (WTI)
327 2 9
Major Support - $43.30 (trend line joining $37.59 and $39.77)

Major resistance -$44

US Oil             has broken major support $43.30 and declined till $43.09. It is currently trading around $43.11.

Any break below $43.30 will drag the commodity down till $42.40/$41.40 (200 day MA)

It is good to sell on rallies around $43.20-$43.25 with SL around $44 for the TP of $42.40/$41.40
MiDiGre PRO
7 months ago
Do you think there will be still possibilities for a short position to 42?
Reply
AMBRISH
7 months ago
Thank You
Reply
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