Crude oil analysis
Crude oil price trading calm at 49.20$ , it did not test our 50.20$ hurdle last night and started consolidating . A good support on daily chart stands at 48.50$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this black gold price upto 47.70$ – 47$ today .
A good hurdle on daily chart stands at 50.20$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect more firepower in this major commodity upto 50.90$ – 51.60$ .
Crude oil analysis conclusion : Trend is flat to weak for now , avoid any major buy trade .
USD/JPY analysis
USD/JPY trading at 109.05 , it tested 109.30 and then started reverting back . Yesterday it came back yesterday in same range after our signal target . A good hurdle on daily chart stands at 109.66 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major forex pair upto 110.05 – 110.60 .
A good support in this forex pair stands at 108.60 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this currency pair upto 108.10 – 107.50 .
USD/JPY analysis conclusion : Trend is flat to positive for now , avoid any major sell on this point .
More will update to our trading signals subscribers .