US Oil breaks major support at $43.40, targets $42.40/$41.40

• Major Support - $43.30 (trend line joining $37.59 and $39.77)
   
• Major resistance -$44
   
• US Oil has broken major support $43.30 and declined till $43.09. It is currently trading around $43.11.
   
• Any break below $43.30 will drag the commodity down till $42.40/$41.40 (200 day MA)
   
• On the higher side any indicative break above $44 will take the commodity to next level around $45/$45.80/$46.10.

It is good to sell on rallies around $43.20-$43.25 with SL around $44 for the TP of $42.40/$41.40