Each Levels here act as support and resistant and vice versa so wait for an Breakout or Breakdown of the above levels for entering a trade. Buy Levels-52.25/52.83/53.77 Sell Levele-53.77/53.39/52.25
USOIL looking out to break the strong resistance of 51.65 level. Once if the price break the 51.65 level the further uptrend may come upto 61.15 level. It's a short term recommendation. Trade: Buy above = 51.70 Target 1 = 56.60 Target 2 = 61.05 Stop Loss = 45.00 Total Reward Points = 9.35 Risk Points = 6.7