Oil Spikes on US-Iran Fire: $66 Highs Hit, Buy the Dip at $57–58 for $63 Bounce 
FxWirePro: EUR/AUD falls below 1.7000, bears keep the advantage 
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support 
FxWirePro: GBP/USD uptrend loses steam, remains on bullish path 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: AUD/USD eases from 3-year high , bias bullish 
FxWirePro: USD/JPY gains some ground but bearish outlook persists 
FxWirePro: USD/ZAR gains mild momentum, trend remains bearish 
FxWirePro: NZD/USD edges up, remains on front foot 
EUR/GBP Slumps to 0.86598 — Bears Dominate While 0.86750 Caps Any Bounce 
FxWirePro: NZD/USD pulls back from 6-month high 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/ NZD heads deeper into bear territory, 23.6% fib eyed 
USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop 
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout 
- Candle stick pattern – Shooting star (5th Dec 2016)
- Candle stick pattern – Doji (6th Dec 2016).
- Major support - $50
- The black gold made a temporary top around $52.39 on 5th Dec 2016 and started to decline sharply from that level. It has broken major support $50 and declined till $49.70 at the time of writing. It is currently trading around $49.87.
- Any violation below $50 confirms minor weakness, a decline till $47.80 (34 – day EMA)/$46.40 (100- day MA).
- On the higher side, $51.40 (61.8% fibo of $52.39 and $49.70) will be acting as immediate resistance and any break above will take the commodity till $52.40 temporary top formed on Dec 5th..
It is good to sell on rallies around $50.30-$50.50 with SL around $51.40 for the TP of $47.80/$46.40.
