WTI crude has once declined after showing a jump till $59.61 yesterday. The commodity has shown a weakness amid supply disruption in Libya and Iraq. But US oil production increased to an estimated record high of 13 million barrels per day. It hits an intraday low of $57.74 and is currently trading around $57.90.
Technically, major support stands at $57.60 (200- day MA) and any indicative break below targets $56.58/$55.32.
On the higher side, immediate resistance stands at $58.36 and break beyond will take the commodity till $58.71/$59.64.
It is good to sell on rallies around $58.10-15 with SL around $58.72 for the TP of $55.50.


FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: AUD/USD gains some ground but outlook is bearish
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary 



