- Major Support - $60.74 (233- H MA).
- US oil continuing its weakness for the third consecutive day. The commodity hits intraday low of $60.79 and is currently trading around $61.32.
- Oil prices continuing its weakness after hitting high of $62.62. US crude inventory release by American petroleum institute shows a small draw of 907000 barrels compared to forecast of 1.33 million barrels addition.
- US crude production has been continuously increasing and crossed 10 million barrels per day ahead of Saudi and behind Russia.
- On the lower side, near term major support is around $60.74 and any break below will drag the pair down till $60/$59.70. Short term bullish invalidation only below $58.05.
- The near term intraday resistance is around $61.37 (55- H MA) and any break above will take the commodity till 61.84 yesterday’s high/$62.50.
It is good to buy on dips around $61-$61.10 with SL around $60.74 for the TP of $61.84/$62.40.


Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD gains upside momentum but still bearish
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile 



