- Major Support - $43.30 (trend line joining $37.59 and $39.77)
- Major resistance -$44
- US Oil has broken major support $43.30 and declined till $43.09. It is currently trading around $43.11.
- Any break below $43.30 will drag the commodity down till $42.40/$41.40 (200 day MA)
- On the higher side any indicative break above $44 will take the commodity to next level around $45/$45.80/$46.10.
It is good to sell on rallies around $43.20-$43.25 with SL around $44 for the TP of $42.40/$41.40
