Crude oil-
WTI crude oil trading higher on strong US fuel demand during summer. It hit a high of $81.86 yesterday and is currently trading at $81.21.
The ongoing geopolitical tension in Gaza and Ukrainian strikes on 30 Russian oil processing and storage facilities support oil prices at lower levels.
Markets eye US Personal Consumption Expenditure (PCE) for further movement.
Major factors for crude oil price movement-
US dollar index (Bullish)- Negative for Crude.
Major resistance - 105.50/107.
Major support- 104/103.
Geopolitical tension- Escalation of tension between Israel and Gaza ( positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $81.03
Kijun-Sen- $81.03
The immediate resistance is around $82. Any jump above the target of $83/$83.50. On the lower side, near-term support is around $80.40. Any breach below will drag the commodity down to $80/$79/ $78.25/$77.60/$76.87/$76/$75.
It is good to buy on dips around $80.70-75 with SL around $79.35 for a TP of $83.


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



