Us Oil Breaks Major Resistance Around $39, Targets $40.85
- Major resistance -$39
- Minor support - $38
- US Oil has broken major resistance $39 and jumped till $39.35. It is currently trading around $39.11.Short term trend is bullish as long as support $36 holds.
- On the lower side minor support is around $38 and any break below will drag the commodity down till $37.38/36.90.
- Any break above $39 will take the commodity to next level till $40/$40.85.
It is good to buy at dips around $38.85-$38.90 with SL around $37.80 for the TP of $40.85
The material has been provided by InstaForex Company - www.instaforex.com
