US Oil chart on Trading View used for analysis
- US oil has pauses decline and is trading slightly higher on the day.
- WTI has retraced above 71 mark and is currently trading at 71.34.
- Price finds strong support at 55-EMA at 70.72, break below will see further weakness.
- Next major support below 55-EMA lies at daily cloud 69.85, breach there to see further downside. Dip till 200-DMA likely.
- On the flip side, failure to break below 55-EMA could see retrace.
Support levels - 71, 70.73 (55-EMA), 70
Resistance levels - 72.35 (21-EMA), 72.78 (5-DMA)
Recommendation: Watch out for break below 55-EMA to go short, SL: 72.35, TP: 69.20/ 69/ 67.98
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Crypto levels and bias summary
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro- Major European Indices
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro- Major European Indices
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 



