FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro- Major Pair levels and bias summary 
NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Add as a preferred source on Google
US oil chart on Trading View used for analysis
- US oil is extending consolidation below 200-DMA, bias remains bearish.
- WTI price holds above $67 per barrel and we see further gains on retrace above 200-DMA.
- Markets remain wary about the recovery amid global economic growth concerns, ongoing US-China trade war and the European political woes.
- Technical indicators on intraday charts are neutral, but break above 200-DMA could see some bullishness.
- 5-DMA has turned north and retrace above 200-DMA eyes 110-EMA at 69 ahead of 55-EMA at 69.87.
- Rejection at 200-DMA could see continuation on downside. Next major bear target lies at 38.2% Fib at 64.94.
- Focus on the US core PCE data and weekly US fuel stocks report for the next direction in the prices.
Support levels - 66.93 (5-DMA), 66, 64.94 (38.2% Fib)
Resistance levels - 67.50 (200-DMA), 69 (110-EMA), 69.87 (55-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
