- WTI finished the up 5.08% on rising refinery demand and falling rig count. The commodity has broken major resistance $50.40 high made on Sep 1st 2017 and jumped till $50.47 on Friday. It is currently trading around $49.86.
- WTI hits multi month high as number of U.S rigs drilling for new production fell and refineries started after Hurricane Harvey.
- The commodity is trading well above $50 and this confirms minor bullishness, a jump till $51.97 likely.
- On the lower side, near term support is around $49.30 (23.6% retracement of $45.62 and $50.47) and any break below will drag the commodity down till $47.95 (20- day MA)/$47. Bearish continuation only below $45.50.
It is good to buy on dips around $49.85-49.90 with SL around $49 for the TP of $51.97.


FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: GBP/AUD eases slightly, focus on near-term support
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560 



