FxWirePro: US Oil: Trend line break out.

• Oil prices declined sharply on Friday biggest weekly falls since October on account of increase in U.S. crude production outpaced declining crude inventories.
   
• The commodity has broken major trend lien support at $63.35 and this confi9rms minor weakness, a decline till $62.28/$60.50 likely.
   
• Minor bullishness can be seen only above $64. Any break above $64 will take the commodity till $6.75/$65. Major trend reversal only above $65.

It is good to sell on rallies around $63.45-50 with SL around $64 for the TP of $62.25/$60.60.