Crude oil-
WTI crude oil showed a minor sell-off on easing Middle East tension. It hit a low of $82.92 yesterday and is currently trading at $83.49.
Hamas officials are planning to have a fresh round of ceasefire talks in Egypt with Israel. Any positive development will hurt crude oil.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude.
Major resistance - 106.50/107.20.
Major support- 105/103.80.
Geopolitical tension- Progress in ceasefire talks between Israel and Gaza (Negative for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $83.65
Kijun-Sen- $82.64
The immediate resistance is around $83.65. Any jump above the target of $84/$85/$86.20/$87. On the lower side, near-term support is around $82.60. Any breach below will drag the commodity down to $81.95/$80.70/$80.
It is good to sell on rallies around $84 with SL around $85 for a TP of $80.


FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro- Major Crypto levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



