US OIL faces strong resistance around $31.90, break above targets $34.79

• Major resistance - $31.90 (trend line joining $38.29 and $34.79)
   
• Major support - $30.50
   
• US Oil has made a high of $31.67 and slightly retreated from that level. It is currently trading around $31.42.
   
• Any break above $31.90 confirms bullishness , a jump till $33.57/$34.79 is possible.
   
• On the downside major support is around $30.50 and break below targets $30.15/$29.30.

It is good to buy above $31.90 with SL around $30.50 for the TP of $33.57/$34.79.