FxWirePro: US Oil faces strong intraday resistance at $44.05, good to sell on rallies

• Major Intraday resistance- $44.05 (55 H EMA)
   
• Major intraday support - $43
   
• US Crude has recovered slightly after making a low of $43.01 in Asian session .It is currently trading around $43.38.
   
• On the lower side any break below $43 will confirm minor weakness, a decline till $42.50 (26th Apr low)/$42.19 (50% retracement of $37.59 and $46.76)/$41.09.
   
• Any violation above $44.05 will take the US oil till $44.50/$45.32.
   
• Overall trend reversal only above $46.

It is good to sell around $43.30-$43.35 with SL around $44.05 for the TP of $42.19/$41.10.