US OIL : Buy above breakout

FX:USOIL   CFDs on Crude Oil (WTI)
403 0 5
Major resistance - $31.90 ( trend line joining $38.29 and $34.79)

Major support - $30.50

US Oil             has made a high of $31.67 and slightly retreated from that level. It is currently trading around $31.42.

Any break above $31.90 confirms bullishness , a jump till $33.57/$34.79 is possible.

On the downside major support is around $30.50 and break below targets $30.15/$29.30.

It is good to buy above $31.90 with SL around $30.50 for the TP of $33.57/$34.79.
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