UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro- Major European Indices 
WTI crude oil lost its shine and declined more than $2 from a multi-month high despite the weak US dollar. It hit a low of $80.94 at the time of writing and is currently trading at $80.93.
According to API, US crude oil inventories declined by about 1.519 million barrels for the week ended Mar 16th, compared to a build of 77000.
Major factors for crude oil price movement-
US dollar index (Bearish)- positive for Crude. Major resistance - 104.20/105. Major support- 103/102.40.
Geopolitical tension- Escalation of Russia and Ukraine war (Positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $81.85
Kijun-Sen- $81.77
The immediate resistance is around $82. Any jump above targets $82.54/83.10. On the lower side, near-term support is around $80.80. Any breach below will drag the commodity down to $80.45/$80/$79.
It is good to buy on dips around $79.50 with SL around $77.90 for a TP of $83.50.
