WTI crude oil hits multi-month high on supply concerns. It hit a high of $83.17 yesterday and is currently trading at $83.
OPEC supply cut extension till mid-2024 and attack on Russian refineries by Ukraine support oil prices at lower levels.
Caixin/S&P China manufacturing PMI surged to 51.10 in March, the highest since Feb 2023.
Major factors for crude oil price movement- w
US dollar index (Bullish)- negative for Crude. Major resistance - 104.50/105. Major support- 103.40/102.70.
Geopolitical tension- Escalation of tension between Ukraine and Russia (positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $82.35
Kijun-Sen- $82.01
The immediate resistance is around $83.50. Any jump above targets $84/$85. On the lower side, near-term support is around $82.80. Any breach below will drag the commodity down to $82/$81.44.
It is good to buy on dips around $82.40-43 with SL around $81.90 for a TP of $85


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY holding bid into weekend
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro -Major European Indices
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro:NZD/USD continues to recovers , upside pressure builds
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro- Major Crypto levels and bias summary 



