Crude oil analysis
US crude oil prices are trading at 48.85$ . A good resistance on daily chart stands at 49.20$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower to this black gold upto 50$ – 51$ today .
A good support on daily chart stands at 48$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this major commodity upto 47.20$ – 46.50$ .
Crude oil analysis conclusion : Trend is flat to positive for now .
USD/JPY analysis
USD/JPY trading at 109.57 . It opened higher and trading in minor positive since opening . A good base level on this major forex pair stands at 109.25 . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this fx pair upto 109 – 108.70 today .
A good hurdle on daily chart stands at 109.90 . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this fx pair upto 110.30 – 110.70 today .
USD/JPY analysis : Trend is flat to positive for now .
More will update to our trading signals subscribers .