Crude oil-
WTI crude oil gained more than $1 due to supply concerns. It hit a high of $82.26 yesterday and is currently trading at $81.86.
The escalation of tension between Israel and Hamas was due to an unsuccessful ceasefire agreement between Israel and Hamas. The fight between Russia and Ukraine also supports crude oil prices at lower levels.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 104.25/105. Major support- 103/102.40.
Geopolitical tension- ISIS attack in Moscow's music concert escalates tension between Ukraine and Russia (negative for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $81.50
Kijun-Sen- $81.44
The immediate resistance is around $82.55. Any jump above target $83.10/$84. On the lower side, near-term support is around $81.50. Any breach below will drag the commodity down to $80.80/$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: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher but bulls lack punch
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Crypto levels and bias summary 



