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- 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.
