Crude oil-
WTI crude oil gained above $80 ahead of OPEC meeting. It hit a high of $80.55 at the time of writing and is currently trading at $80.41
Markets expect an extension of 2.2 million bbls per day production cuts by OPEC to stabilize oil prices. The US summer driving season would boost crude demand supports prices at lower levels.
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- escalation of tension between Israel and Gaza ( positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $79.52
Kijun-Sen- $78.35
The immediate resistance is around $80.55. Any jump above the target of $81.20/$82/$82.53/$83. On the lower side, near-term support is around $79 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.


FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Crypto levels and bias summary
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



