Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target 
FxWirePro: GBP/AUD takes back some lost ground 
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
FxWirePro -Major European Indices 
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD extends decline on broad dollar weakness 
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally 
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade 
FxWirePro: USD/ZAR edges lower ,investors remain on edge 
FxWirePro- Major Pair levels and bias summary 
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00 
WTI crude oil showed a minor sell-off amid easing tension in the Middle East. It hit a low of $77.65 yesterday and is currently trading at $78.15.
According to the American Petroleum Institute (API), Crude oil inventories dropped by 3.104 million barrels for the week ending May 3rd 2024 compared to a 1 million barrel build.
Markets eye US CPI and retail sales for further movement.
Major factors for crude oil price movement-
US dollar index (Bearish)- positive for Crude.
Major resistance - 105.75/106.50.
Major support- 105/103.80.
Geopolitical tension- ceasefire talks stalled. (positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $78.50
Kijun-Sen- $78.79
The immediate resistance is around $80. Any jump above the target of $80.55/$81.20/$82/$82.53/$83. On the lower side, near-term support is around $77.90. Any breach below will drag the commodity down to $76.70/$75/$74.
It is good to sell on rallies around $80 with SL around $82 for a TP of $75.
