US Oil: Minor Break out

FX:USOIL   CFDs on Crude Oil (WTI)
307 0 6
Minor Trend line resistance- $47.30 ( trend line joining $48.37 and $47.93)

Major support - $46.80 (Hourly Kijun-Sen)

US Oil             has broken minor trend line resistance at $47.30 and jumped till $47.68 at the time of writing.

The WTI crude oil             is trading well above Tenkan-Sen and Kijun-Sen .So slight jump till $48.27 (200 HMA ) is possible.

On the lower side, support is around $46.87 (Hourly Kijun-Sen) and nay break below targets $46.50/$45.80.

The major intraday resistance is around $47.80 (90 H EMA ) and break above targets $48.27/$48.87 (21 day MA).

It is good to buy at dips around $47.45-$47.50 with SL around $46.80 for the TP of $48.25/$48.87

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