Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $42.17
Kijun-Sen- $41.98
WTI crude oil surged sharply after better than expected EIA Crude inventory. The inventory fell by 4.5 million barrels compared to an estimate of 3.4 million barrels. The US crude production expected to decline by 990000 BPD this year to 11.26 million bpd vs forecast of 600000 declines previous month. The US-China trade tension and spread of the second wave of coronavirus are putting pressure on oil at higher levels.
Technically, the commodity is facing primary resistance at $43.50, and any convincing break above targets $44/$44.97.
On the lower side, a significant move only if it breaks below $41.50. Any indicative violation below will drag the commodity $40.50/$39.60. Significant selling only if it breaks $38.50.
It is good to buy on dips around $42.45-50 with SL around $41.50 for the TP of $44.95.


FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro- Woodies pivot (Major)
FxWirePro : GBP/NZD strongly bearish despite upside attempts 



