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FxWirePro- Major Pair levels and bias summary 
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FxWirePro-Major European Indices 
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FxWirePro- Woodies pivot (Major) 
- US oil surged sharply in the previous on geo political tensions in the Middle East. The commodity jumped till $52.34 yesterday due to clashes in Kurdistan. Reports of clashes between Iraqi troops and Kurdish is main reason for rise in crude oil price.
- But upside capped due to increase in US production in Nov according to EIA report. The EIA has forecast increase of 81000 bbl per day in Nov compared to Oct.
- On the higher side, near term major resistance is around $52.52 (161.8% fibo) and any break above will take the oil to next level till $52.83/$53.75 (Apr 12th 2017 high).
- The near term support is around $51.40 (resistance turned into support) and any break below will drag the commodity down till $50.95 (55- 4H EMA)/ $49.87 (200- 4H MA).
It is good to sell on rallies around $51.85-$51.90 with SL around $52.40 for the TP of $50.95/$49.90.
