WTI crude oil trades weak despite OPEC meeting.It hit a low of $76.63 at the time of writing and is currently trading at $78.96.
The Organization of the Petroleum Exporting Countries (OPEC) including Russia and Saudi Arabia agreed to extend its output cuts of 5.86 million barrels per day. This includes 3.66 million bpd plus voluntary cuts by eight members of 2.2 million.
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- Optimism in ceasefire talks between Israel and Gaza ( negative for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $77.97
Kijun-Sen- $78.60
The immediate resistance is around $79.35. Any jump above the target of $80/$80.55/$81.20/$82/$82.53/$83. On the lower side, near-term support is around $78.80 Any breach below will drag the commodity down to $78.25/ $77.23/$76.70/$75/$74.
It is good to buy on dips around $80 with SL around $79 for a TP of $83.


NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
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- Major Pair levels and bias summary
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data 



