Cautious amid ongoing US-China trade row. Awaits fresh impetus from the US NFP and rigs count data. WTI (oil futures on NYMEX) extends its choppiness into the European session, fluctuating between gains and loses around the $ 73 handle, as markets weigh in the consequences of the US-China trade war. The black gold lacks direction, as markets refrain to create any fresh positions amid persisting US-China trade tensions while nervousness ahead of the US NFP and drilling activity report also keep the bulls at bay. However, the losses remain restricted, as the US dollar remains broadly undermined, which offers some support to the USD-sensitive commodity. A weaker greenback makes the USD-denominated oil cheaper for its foreign buyers and vice-versa. Meanwhile, markets digest the latest Reuters report that Iran says it is fully prepared for a collapse in the nuclear deal, which could have an impact on oil prices. Note that Iran is the OPEC’s no. 3 oil producer. WTI Technical Levels: Resistances: $ 73.47/64 (daily pivot/ 5-DMA), $ 74 (round number), $ 74.40 (classic R1/ R2). Supports: $ 72.62 (June 2nd low), $ 72.09 (Fib S2), $ 71.50 (psychological levels). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Iran: Fully prepared for a collapse in the nuclear deal FX Street 3 years Cautious amid ongoing US-China trade row. Awaits fresh impetus from the US NFP and rigs count data. WTI (oil futures on NYMEX) extends its choppiness into the European session, fluctuating between gains and loses around the $ 73 handle, as markets weigh in the consequences of the US-China trade war. The black gold lacks direction, as markets refrain to create any fresh positions amid persisting US-China trade tensions while nervousness ahead of the US NFP and drilling activity report also keep the bulls at bay. However, the losses remain restricted, as the US dollar remains broadly undermined, which offers some… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
