Crude oil gained slightly as Middle East tension intensifies. It hits a high of $69.28 and is currently trading around $68.06.
It was one of the worst performers this month on weak Chinese demand and hopes of OPEC production increase.
US dollar index - Bearish
US treasury yield- bearish (positive for commodity market).
Major resistance- $69.30. Any breach above will take the commodity to next level $70/$71.85. Major trend reversal only above $72.50.
The near-term support is around $67.75, any violation below targets $67/$66/$65.59/$65.
Indicators (4- hour chart)
ADX- Bearish
CCI (50) - Bearish
It is good to sell on rallies around $69 with SL around $70 for TP of $67.


FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR sell bias remains below key resistance zone
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CNY bears maintain upper hand
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 



