Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback 
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally 
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite 
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge 
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom 
FxWirePro: EUR/NZD remains under pressure as key support gives way 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD under pressure as key support gives way 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:NZD/USD continues to recovers , upside pressure builds 
FxWirePro: USD/ZAR edges lower ,investors remain on edge 
FxWirePro: USD/JPY steadies around 158.75, bias bullish 
FxWirePro- Major Pair levels and bias summary 
WTI crude oil trades weak on hawkish Fed. It hit a low of $76.80 yesterday and is currently trading at $78.02.
According to the Energy Information Administration (EIA), crude inventories increased by 1.8 million barrels for the week ending May 17th, 2024, compared to a forecast of -2.4 M.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude.
Major resistance - 105/106.50.
Major support- 104/103.
Geopolitical tension- ceasefire talks stalled. (positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $77.59
Kijun-Sen- $78.44
The immediate resistance is around $78.50. Any jump above the target of $79.30/$80/$80.55/$81.20/$82/$82.53/$83. On the lower side, near-term support is around $7. 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.
