Crude oil-
WTI crude oil showed a minor sell-off on strong US dollar.It hit a high of $78.23 yesterday and is currently trading at $77.69
Oil surged more than $6 as summer season in US would increase travel demand. The upcoming US CPI and Fed monetary policy could decide the future movement of oil price.
Other factors such as decrease in Saudi Arabia exports to China and icrease in strategic petroleum reserve by US are affecting crude oil prices.
Major factors for crude oil price movement-
US dollar index (Bullish)- Negative for Crude.
Major resistance - 105/106.50.
Major support- 104/103.
Geopolitical tension- No further developments in ceasefire talks between Israel and Gaza ( positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $76.70
Kijun-Sen- $75.45
The immediate resistance is around $78.25. Any jump above the target of $79/$80/$80.55. On the lower side, near-term support is around $77.50. Any breach below will drag the commodity down to $76.87/$76/$75.
It is good to sell on rallies around $78.75-80 with SL around $80 for a TP of $75.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/CNY downside pressure builds, key support level In focus
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/AUD moves lower on weak UK data 



