FxWirePro:USD/JPY hovers near a four-decade low 
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FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD bears maintain upper hand 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
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WTI crude oil trades weak for the third consecutive day on demand concern. It hit a low of $81.69 at the time of writing and is currently trading at $81.69.
The Atlantic hurricane season will have a major impact on crude prices beginning on June 1st and ending on Nov 30th, 2024. Hurricane Beryl crossed Texas and edged towards Jamaica.
Markets eye US CPI data on Thursday and cease-fire talks between Israel and Gaza for further movement.
Major factors for crude oil price movement-
US dollar index (Bearish)- Positive for Crude.
Major resistance - 106.20/107.
Major support- 105.50/104.
Ichimoku analysis (4- hour chart)
Tenken-Sen- $82.47
Kijun-Sen- $83.06
The immediate resistance is around $84.35. Any jump above the target of $85/$86. On the lower side, near-term support is around $83. Any breach below will drag the commodity down to $82.50/$81.75/$80.97/80.
It is good to buy on dips around $80 with SL around $79 for a TP of $85
