Crude oil-
WTI crude oil declined further following hawkish FOMC minutes. It hit a low of $76.80 yesterday and is currently trading at $78.02.
The Fed's hawkish stance is putting pressure on crude oil prices. Markets eye the OPEC meeting on Jun 1st, 2024 for further movement.
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- easing tension between Israel and Gaza (negative for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $77.38
Kijun-Sen- $78.10
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.


Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CNY bears maintain upper hand
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD bulls continue to hold the higher ground 



