USOIL chart - Trading View
WTI Crude oil prices retrace above the $65/barrel mark, pause 3 straight session's of weakness.
Oil prices are likely extending the previous session's rebound from multi-day lows, but gains look limited.
Safety concerns that stalled vaccine rollouts in Europe dent hopes of a faster recovery and hence weigh on fuel demand.
Markets brush aside a bullish API report, which showed an unexpected fall in the US crude inventories, crude closed 0.60% lower on Tuesday.
American Petroleum Institute (API) report overnight showed US oil inventories unexpectedly fell by 1 million barrels last week as against consensus estimates pointing to a 2.715 million barrel build in stocks.
Underlying bullish sentiment surrounding the US dollar and the upcoming FOMC meet keep investors from placing aggressive bets.
Technical bias is bullish. Bearish divergence is causing minor pullbacks. Bias to remains bullish as long as pair holds above 21-EMA.


FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ZAR retreats but trend is still bullish
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro- Woodies pivot (Major)
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 



