- US Oil has pauses its five-day winning streak, retraces back below $ 68 mark.
- Latest US tariffs on the Chinese imports intensified trade war fears, dampening the demand for oil.
- US Oil fades optimism led by a drawdown in the US crude stockpiles.
- EIA data on Wednesday showed that US commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels.
- Price action finds stiff resistance at 55-EMA at 68.15. Break above targets 50-DMA at 69.
- On the flipside, we see strong support at 110-EMA, 67.17, weakness likely on break below. Scope then for retest of 200-DMA.
- Focus now shifts to the US durable goods and rigs count data due Friday for further impetus.
- Technical indicators are turning slightly bullish. Breakout at 50-DMA could see further upside.
Support levels - 67.49 (21-EMA), 66.83 (5-DMA), 64.88 (200-DMA), 62.57 (38.2% Fib)
Resistance levels - 68.15 (55-EMA), 69 (50-DMA)
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 15.1578 (Neutral) at 0745 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR edges higher but bearish outlook persists
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major European Indices 



