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- 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
