Divergence on 1D and 1W, the June close is acting as a strong resistance, waiting for US crude oil
inventories to be released this morning. OPEC oil
output has increased in an attempt to keep prices near $70 which coincides with target 1. Trade wars also seem to be having an impact
prices. Target 1 aligns with weekly open level that should act as support. Target 2 aligns with the top of the cloud on the 1M and kijun/cloud levels on the 1D. We need to break through the green box, failure to do so would lead me to close short.