- Pattern Formed – 2618 pattern
- US Oil has formed a temporary top around $50.40 and started to decline from that level. Crude decline till $46.44 on Aug 17th 2017 and is currently trading around $47.42.
- The commodity has shown a jump till 61.8% retracement and started to fall from that level. Short term trend is weak as long as resistance $48.80 holds.
- Any violation above $48.80 will take the US Oil to next level till $50/$50.40. Overall bearish invalidation above $50.40.
- On the lower side, $47 will be acting as near term support any break below will drag the oil down till $46.50/$45.57.
It is good to sell on rallies around $47.80-$47.90 with SL around $48.80 for the TP of $46.50/$46.


FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: GBP/AUD eases slightly, focus on near-term support
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro- Woodies pivot (Major)
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout 



