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- Intraday Trend - Slightly Bullish
- Major support - $26.60 (161.8% retracement of $29.38 and $33.57)
- US OIL has taken support near 161.8% retracement (golden ratio) and jumped slightly from that level. It is currently trading around $27.05.
- On the higher side minor resistance is around $27.65 and nay break above targets $28.34 (23.6% retracement of $33.57 and $26.70)/$29.15 (Feb 10th high).
- Any break below $26.60 will drag the commodity down till $24.75/$23.
It is good to buy around $26.95 with SL around $26.50 for the TP of $28.35/$29.15
