- WTI crude oil broken major psychological resistance at $50 in the previous week and has closed well above that level. It is currently trading around $ 51.01.
- Crude oil prices jumped sharply almost $3 in the previous week as OPEC panel is expected to extend the production cut till end of the year in the meeting to be held in Vienna. Saudi Arabia and Non-OPEC producers Russia last week agreed to prolong the current deal on cuts.
- Technically, crude oil is looking very strong as it has closed well above 89- W EMA in the weekly chart. It confirms further bullishness, a jump till $53.74 likely.
- On the lower side, major support is around $50.10 (21- W EMA) and any indicative close below will drag the black gold down till $49.05 (55- W EMA) /$47.50 (50% retracement of $43.79 and $51.23)/$47.
It is good to buy on dips around $50 with SL around $49 for the TP of $53.50.


NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro- Major Pair levels and bias summary
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : EUR/NZD slips lower after soft US jobs report 



