US Oil breaks trend line support, targets $46.15
Major support - $47.65 (trend line joining $47.03 and $47.52).
US oil breaks trend line support at $47.65 and declined till $47.37. It is currently trading around $47.41.
Any close below trend line support confirms minor weakness , a decline till $46.14 likely.
Minor bullishness only above $48.20 level.
It is good to sell on rallies around $47.45-$47.50 with SL around $47.89 for the TP of $46.15.
US oil breaks trend line support at $47.65 and declined till $47.37. It is currently trading around $47.41.
Any close below trend line support confirms minor weakness , a decline till $46.14 likely.
Minor bullishness only above $48.20 level.
It is good to sell on rallies around $47.45-$47.50 with SL around $47.89 for the TP of $46.15.