WTI crude oil hit a seven-month high due to supply disruption. It hit a high of $87.18 yesterday and is currently trading at $86.56.
OPEC's joint Monitoring committee concluded without changes (production cuts of 2.2 million barrels per day) until the end of June in current supply.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 105.20/106. Major support- 103.80/103.
Geopolitical tension- Escalation of tension between Israel and Hamas, Russia a, and Ukraine (positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $85.49
Kijun-Sen- $83.82
The immediate resistance is around $87.20. Any jump above targets $88.25/$90. On the lower side, near-term support is around $85.75. Any breach below will drag the commodity down to $85/$84.70.
It is good to buy on dips around $85.70 with SL around $85 for a TP of $88.


EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/ZAR edges higher but bearish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major European Indices
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 



