FxWirePro: WTI Oil faces strong resistance around $32.75, good to sell on rallies

• Major resistance -32.70 (20 day MA)
  
  
• Minor support -30.50 (7 day EMA)
  
  
• WTI crude has jumped till $32.70 (20 day MA) and started to retreat from that level. It is currently trading around $31.10. Short term trend is slightly bullish as long as resistance $32.70 (20 day MA) holds.
  
  
• Any break above 32.70 will take the pair till $34.78/36.40 (200 day MA).
  
  
• On the lower side major support is around $30 and break below targets $29.50/$28.75/$28.15.

It is good to sell on rallies around $32 with SL around $32.75 for the TP of $30/$28.10