FxWirePro
Long

US Oil breaks major resistance at $32.75, targets $34.80

FX:USOIL   CFDs on Crude Oil (WTI)
327 1 11
Major resistance - $32.75 ( trend line joining $33.81 and $33.49)

Major support - $31.50 ( trend line joining $26.03 and $29.05)

US Oil             has broken major resistance $32.75 and jumped till $33.46. It is currently trading around $32.88. Short term trend is still weak as long as support $31.50 holds.

On the lower side any break below $31.50 will drag the commodity further down till $31/$30.65.The minor support is around $32.

Major resistance is around $33.50 and break above targets $33.85/$34.80 ins short term.

It is good to buy at dips around $32.65-70 with SL around $31.50 for the TP of $34.80
What next after it hits 34.80?
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