- Harmonic pattern formed – Bearish Butterfly pattern
- Potential reversal Zone (PRZ) - $53.35 (161.8% retracement of $50.40 and $45.84).
- WTI crude oil has shown a good jump after breaking high of $51.09 made on Sep 20th 2017 and jumped till $52.40. It is currently trading around $51.97.
- The commodity has formed bearish Butterfly pattern and potential reversal zone is around $53.35. Any violation above that level confirms bullish continuation. The near term resistance is around $52.40.
- On the lower side, major near term support is around $51.23 (4H Kijun-Sen) and any break below will drag the commodity down till $50.85 (20- 4H MA)/$50/$48.97 (50% retracement of $45.57 and $52.41).
It is good to sell on rallies around $52.25-30 with SL around $53.35 for the TP of $50.90/$50.


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major European Indices 



