US Oil faces major support at $29.85, break below targets $28.20

• Major support- $29.85 (trend line joining $26.03 and $27.09)
  
  
• Major resistance - $31.80 (trend line joining $34.79 and $33.57)
  
  
• US Oil has retreated after making a high of $31.46. Short term trend is slightly weak as long as resistance $31.80 holds.
  
  
• Any break above $31.80 will take the commodity to next level around $33.57/$34.80.
  
  
• On the lower side break below major support $29.85 will drag the commodity down till $29/28.

Sell US OIL below $29.85 with SL around $30.80 for the TP of  $28.15