- Major support -$64.65.
- US oil formed a temporary top almost a double top around $66.63 and started to decline from that level. It has broken trend line support $64.65 and deciding till $63.65 yesterday. The main reason for decline in oil price was due to increasing US supply fear. It is currently trading around $64.10.
- The number of rigs rose by 12 in the week of Jan 26th 2018 to 759, biggest weekly increase since Mar 2017. The rig count in the Permian region was highest since Nov 2013. The API said in report that crude inventories rose by 900000 barrels last week.
- Technically, the pair has formed a double top around $66.63 and any major bullishness can be seen only above that level. Minor bullishness can be seen above $64.40 (hourly Kijun-Sen) and any break above will take the commodity to next level till $65/65.60.
- On the lower side, near term support is around $63.65 and any violation below will drag the commodity till $63/$62.51.
It is good to sell on rallies around $64.40 with SL around $65 for the TP of $63.05/$62.51.


FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize 



