Crude oil-
WTI crude oil trading weak for the fourth consecutive day on easing Middle East tension. It hit a low of $85.05 yesterday and is currently trading at $86.62.
Markets eye ceasefire talks between Israel and Gaza for further movement. According to API, US crude stocks rose by 3.03 million barrels for the week ended Apr 6th, compared to an increase of 2.4M bbls.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 105.20/106. Major support- 103.80/103.
Geopolitical tension- cease-fire talks progress between Israel and Hamas. (Negative for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $85.39
Kijun-Sen- $86
The immediate resistance is around $87.20. Any jump above targets $88.25/$90. On the lower side, near-term support is around $84.90. Any breach below will drag the commodity down to $84/$83.20.
It is good to buy on dips around $85 with SL around $84 for a TP of $87.20.


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: GBP/USD dips lower on negative UK retail sales data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary 



