- 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.