Crude oil-
WTI crude oil holds above $85 on geopolitical tensions in the Middle East. It hit a high of $85.42 at the time of writing and is currently trading at $85.35.
According to API, US crude oil inventories declined by 2.3 billion barrels for the week ended Mar 29, compared to a forecast of -2 million barrels.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 104.50/105. Major support- 103.40/102.70.
Geopolitical tension- Escalation of tension between Israel and Hamas (positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $84.71
Kijun-Sen- $83.04
The immediate resistance is around $85.50. Any jump above targets $87/88.25. On the lower side, near-term support is around $84.25. Any breach below will drag the commodity down to $83.45/$83.
It is good to buy on dips around $84.20-25 with SL around $83 for a TP of $88.


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
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
FxWirePro- Major European Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro:EUR/AUD eases but bullish outlook persists 



