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- Major support - $47.05 (200 15 min MA)
- US oil recovered slightly from the low of $47.32 at the time of writing. It is currently trading around $48.
- Short term trend is slightly bullish as long as support $47.05 holds. Any violation below $47.05 will drag the pair down till $46.60/$45.80 in the short term.
- Short term bullish invalidation only below $45.80.
- Any break above pschycological resistance $48 will take the Us oil to next level $48.60/$49.35/$49.97.
It is good to buy at dips around $47.85-$47.90 with SL around $47.05 for the TP of $49.30/$49.97
