WTI crude oil lost its shine on easing geo-political tension. It hit a low of $81.29 at the time of writing and is currently trading at $81.31.
According to the Energy International Association, crude inventories rose by 2.735 billion this week, above expectations of 1.373 million.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 106.50/107.20. Major support- 105/103.80.
Geopolitical tension- Escalation of tension between Israel and Iran (Positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $83.37
Kijun-Sen- $84.44
The immediate resistance is around $82. Any jump above targets $83./$84.20/$85. On the lower side, near-term support is around $80. Any breach below will drag the commodity down to $78//$75.
It is good to sell on rallies around $83.35-40 with SL around $85 for a TP of $78


Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro -Major European Indices
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro:NZD/USD continues to recovers , upside pressure builds
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback 



