Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch 
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FxWirePro- Woodies pivot (Major) 
 - EconoTimes)
- Major support - $47.90.
- Major resistance - $49.
- US oil has jumped continuously for a third straight week on account of continuing buzz that OPEC and other major
producers may be nearing a deal to curb output.
- Oil prices declined slightly after jumping till $48.97 (21st Aug high) and it is currently trading around $48.36.
- On the lower side, major support is around $47.90 and any minor weakness can be seen only below that level.
- Any violation below $47.90 will drag the US oil till $47.10/$45.25 (200 HMA).The major resistance is around $48.97 and any break above temporary top will take the oil to next immediate resistance at $49.50 (161.8% retracement of $48.97 and $48.10)/$50/$51.65.
- The commodity should break above $51.65 for further upside.
It is good to sell below $47.90 with SL around $49 for the TP of $47.10/$45.25.
