Crude oil showed a minor bounce back above $68 on supply concerns. It hit a low of $65.29 and is currently trading around $68.10
Crude oil inventories build up by 800,000 barrels for the week ended Sep 6th compared to a forecast of 900,000 from the previous month -6.9M.
Tropical storm Francine got strengthened in the Gulf of Mexico and will affect 15% of US oil output.
US dollar index - Neutral
US treasury yield- bearish (positive for commodity market).
Major resistance- $68.50. Any breach above will take the commodity to the next level $69.05/$70/$71.70/$72.80/$73.20. Major trend reversal only above $84.50.
The near-term support is around $65, any violation below targets $63/$60.
Indicators (4- hour chart)
ADX- Neutral
CCI (50) - Bearish
CCI (14)- Bullish
It is good to buy on dips around $67.50 with SL around $65.59 for TP of $71.70.


FxWirePro: GBP/AUD takes back some lost ground
FxWirePro- Major Pair levels and bias summary
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Major Crypto levels and bias summary
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro- Major European Indices
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: EUR/NZD remains under pressure as key support gives way
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge 



