Crude oil-
WTI crude oil showed a minor sell-off after weak inventory data. It hit a low of $80.15 yesterday and is currently trading at $81.33.
Crude oil inventories rose by 3.6 million barrels last week, below the forecast of -2.6 million. The supply disruptions in the Middle East are due to escalating tension in Gaza.
Markets eye US Personal Consumption Expenditure (PCE) for further movement.
Major factors for crude oil price movement-
US dollar index (Bullish)- Negative for Crude.
Major resistance - 106/107.
Major support- 104/103.
Geopolitical tension- Escalation of tension between Israel and Gaza ( positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $80.88
Kijun-Sen- $81.01
The immediate resistance is around $82. Any jump above the target of $83/$83.50. On the lower side, near-term support is around $80.40. Any breach below will drag the commodity down to $80/$79/ $78.25/$77.60/$76.87/$76/$75.
It is good to buy on dips around $80.70-75 with SL around $79.35 for a TP of $83.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major Pair levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY downside pressure builds, key support level In focus 



