Thursday, October 15, 2026

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FxWirePro: US Oil breaks trend line support, dip till $46.15 likely

Major support - $47.65 ( trend line joining $47.03 and $47.52). US Oil breaks trend line support at $47.65 and declined till $47.37. It is currently trading around $47.41. Any close below trend line support confirms mino…

By FxWirePro Team
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FxWirePro: US Oil breaks trend line support, dip till $46.15 likely
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  • Major support - $47.65 ( trend line joining $47.03 and $47.52). 
     
  • US Oil breaks trend line support at $47.65 and declined till $47.37. It is currently trading around $47.41.
     
  • Any close below trend line support confirms minor weakness, a decline till $46.14 likely.
     
  • Minor bullishness only above $48.20 level.

It is good to sell on rallies around $47.45-$47.50 with SL around $47.89 for the TP of $46.15. 

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