Crude oil-
WTI crude oil pared some of its gains due to profit booking. It hit a low of $81.86 yesterday and is currently trading at $82.
Ukraine drone attacks on three Russian oil refineries increased supply concerns which account for 10% of Russian supply.
Major factors for crude oil price movement-
US dollar index (Bullish)- Negative for Crude. Major resistance - 104.20/105. Major support- 103.40/102.80.
Geopolitical tension- Escalation of Russia and Ukraine war (Positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $82.43
Kijun-Sen- $81.35
The immediate resistance is around $83.50. Any jump above targets $85. On the lower side, near-term support is around $81.60. 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.


FxWirePro- Major European Indices
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: GBP/AUD moves lower on weak UK data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
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 



