FxWirePro
Long

US oil faces strong resistance around $40, good to buy at dips

FX:USOIL   Crude Oil (WTI)
421 3 9
Major resistance - $40 ( trend line joining $41.85 and $41.22)

Major support - $38

The commodity has made a slight jump till $40.01 at the time of writing and slightly declined from that level. It is currently trading around $39.94.

On the lower minor support is around $39.35 (55 day 4H EMA ) and any break below targets $38.90/$38.

Any break or close above $40 will take the commodity to next level till $41.20/$41.85.

Further bullishness can be seen if it breaks above $41.85 (temporary top) level.

It is good to buy at dips around $39.60-70 with SL around $38.90 for the TP of $41.22/$
Could be a good idea to buy at this moment at $38.85 for the TP of $ 38.00?
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yes buy with SL of $38 for the TP of $40
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MiDiGre PRO FxWirePro
Thanks a lot!!!
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