Chart pattern- Double top
Major resistance - $60.35
US oil jumped more than $2 from the low of $58.16 on Mar 25th 2019 and hits fresh four month high on account of declining crude oil inventories and OPEC supply cut. But global growth concerns is major factor which is preventing further upside. The commodity hits intraday low of $59.40 and is currently trading around $59.51.
On the lower side, near term support is around $59.26 (20- 4H MA) and any break below will take the commodity down till $58.96 (61.8% fib)/$58.42 (89- 4H EMA)/$58.16.
The near term major resistance is around $60.40 and violation above will take the US oil to next level till $61/$61.60/$61.83.
It is good to sell on rallies around 59.75-80 with SL around $60.35 for the TP of $58.20.


NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/AUD drifts lower after BOE rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 



