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- Major resistance -$31.80 (trend line joining $38.28 and $34.79)
- Major support - $30.70
- US oil breaks major resistance $31.80 and jumped till $32.16 at the time of writing. It is currently trading around $32.13.
- Short term trend is slightly bullish as long as support $30.70 holds.
- On the higher side any break above $31.80 will take the commodity to next level till $33.79/$34.80.
- Any break below major support will drag the commodity down till $30/$39.
- Short term weakness below $28.70
Buy US Oil around $32-$32.10 with SL around 30.70 for the TP of $33.78/$34.75
