Ichimoku Analysis (4- hour chart)
Tenken-Sen- $51.42
Kijun-Sen- $51.20
US oil has jumped more than 3.5% yesterday till $51.95 and started to decline from that level. US EIA has reported that US crude oil supplies rose by 7.5 million barrels compared to 2.93 million barrels. It hits an intraday low of $50.87 and is currently trading around $50.91.
Technically, near term resistance is around $51.15 and any indicative break beyond targets $51.54/51.80/52.16 (Feb 6th high).
On the flip side, significant support is around $50.68 and violation underneath will drag the commodity down till $50.38/$50/$49.30.
It is good to sell on rallies around $51.20-25 with SL around $52 for the TP of $49.30.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



