Crude oil gained more than $4 on the escalation of Middle East conflict. It hit a high of $74.51 at the time of writing and is currently trading around $74.46.
Geopolitical tension-
Iran deployed a ballistic missile on Israel on Wednesday. Israel would respond to Iran attack by striking Iran’s Oil rigs or by attacking Nuclear sites.
US dollar index - Bearish
US treasury yield- bearish (positive for commodity market).
Major resistance- $75. Any breach above will take the commodity to the next level $76/$77.05/$78. Major trend reversal only above $80.
The near-term support is around $73.80, any violation below targets $72.95/$72.45/$71.80.
Indicators (4- hour chart)
ADX- Bullish
CCI (50) - Bullish
It is good to buy on dips around $73.50 with SL around $72.45 for TP of $77.


FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major) 



