Crude oil-
WTI crude oil showed a minor sell-off on the strong US dollar. It hit a low of $80.51 yesterday and is currently trading at $81.04.
U.S. crude inventories increased by about 9.3 million barrels for the week ended Mar. 22, compared with a forecast of a decrease of about 1.2M barrels, according to API.
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- Escalation of tension between Ukraine and Russia (positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $81.41
Kijun-Sen- $81.35
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/CNY neutral in the near-term, scope for downward resumption
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro -Major European Indices
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/AUD takes back some lost ground
FxWirePro: EUR/AUD under pressure as key support gives way
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 



