Chart pattern- Double top
Major resistance - $60.35
US oil has lost more than $1.5 from yesterday’s high of $60.20 level.Crude hits fresh four month high at $60.37 on account of OPEC supply cut. But global growth concern and rising crude inventories putting pressure on oil prices. US crude inventories rose by 2.8 million barrels compared to forecast of decrease of 1.2 million bbls. The commodity hits intraday low of $58.40 and is currently trading around $58.63.
On the lower side, near term support is around $58.15 and any break below will take the commodity down till $57.96/$57.36.
The near term major resistance is around $59.20 (300- day EMA) and violation above will take the US oil to next level till $59.69 (61.8% fib)/$60/$60.40.
It is good to sell on rallies around $59.20-25 with SL around $59.70 for the TP of $57.95.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



