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FxWirePro- Woodies Pivot(Major) 
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- WTI oil price losing sight of $ 70 mark, slips lower to trade 0.43% lower on the day at 69.75.
- Easing US-Iran geopolitical tensions, after Trump agreed to meet Iran’s President Rouhani without any preconditions weighed on prices.
- Further, news of rising OPEC output and a broadly firmer US dollar added to the pressure.
- Focus now on US API crude inventory report. Expectations for another draw in the US weekly crude stockpiles could cap downside.
- Price action holds above daily cloud and 21-EMA at 69.66. Technical indicators are slighty bullish.
- Breakout at 21-EMA could see further upside, while on the other side, retrace below 55-EMA could drag the pair lower.
Support levels - 69.66 (21-EMA), 69.49 (5-DMA), 69.09 (55-EMA)
Resistance levels - 70, 70.41 (July 30 high), 71
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at -68.3188 (Neutral) at 1015 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
