NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50 
FxWirePro: GBP/AUD eases slightly but trend is still bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data 
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data 
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target 
NZD/JPY Bear Trap: Triple EMA Ceiling Blocks Relief Rally, Sellers Eye 90.50 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD falls to two-week low on strong US jobs data 
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000 
FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats 
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD edges lower but bias is bullish 
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest. 
Crude oil (WTI) has broken above its triangular consolidation suggesting further rise.
Key factors at play in Crude market
- Crude oil production is declining for high cost producers, such as shale gas but still not an alarming rate.
- OPEC has suggested sharp drop in non-OPEC supply by 1 million barrels by 2017 to 58.2 million barrels /day.
- Goldman Sachs has recently cut its forecast for WTI to $38/barrel in next one month.
- Almost all investment bank sees price to remain low but rise through next year.
- American Petroleum Institute's (API) weekly report showed inventory decline by 1.2 million barrels.
- However lack of investments in the sector make prices vulnerable to supply shocks in future.
Today's inventory report from US Energy Information Administration (EIA), to be released at 14:30 GMT.
Trade idea
- WTI has broken above its key triangular congestion, suggesting further rise in prices. Yesterday gained massive to $49/barrel after clearing the falling trend line at $46.5/barrel.
- Two immediate target for WTI stands at $53.6/barrel and $55.6/barrel, while $69/barrel with stop around $37/barrel is a bit longer term. WTI is currently trading at $49.3/barrel.
