FxWirePro
Long

USOIL: Buy above breakout

FX:USOIL   Crude Oil (WTI)
364 0 5
Major resistance - $34.70 ( trend line joining $34.78 and $34.66)

Major support - $33.25

USOIL             has recovered after making a low of $32.31. It is currently trading around $34.22.

Major resistance is around $34.70 and any break above will take the commodity to next level $36.50/$40 in short term.

On the lower side major support is around $33.25 and any break below will drag the USOIL             till $32.40/$32.

Short term weakness only below $32.

It is good to buy only above $34.70 with SL around $33.24 for the TP of $36.50/$40.
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