FxWirePro- Major US Indices 
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 
FxWirePro- Major European Indices 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
WTI crude oil showed a minor pullback after easing inflation. It hit a high of $79.14 yesterday and is currently trading at $78.52.
According to the Energy Information Agency (EIA), Crude oil inventories dropped by 2.5 million barrels for the week ending May 3rd, 2024 compared to a -223000 million barrels expected.
Markets eye US jobless claims, Building permits, Philly Fed Manufacturing Index for further movement.
Major factors for crude oil price movement-
US dollar index (Bearish)- positive for Crude.
Major resistance - 105.75/106.50.
Major support- 105/103.80.
Geopolitical tension- ceasefire talks stalled. (positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $77.90
Kijun-Sen- $78.30
The immediate resistance is around $80. Any jump above the target of $80.55/$81.20/$82/$82.53/$83. On the lower side, near-term support is around $77.90. Any breach below will drag the commodity down to $76.70/$75/$74.
It is good to sell on rallies around $80 with SL around $82 for a TP of $75.
