FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance 
FxWirePro- Woodies pivot (Major) 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro- Major Crypto levels and bias summary 
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
FxWirePro- Major Crypto levels and bias summary 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
Crude oil-
WTI crude oil trades weak on the strong US dollar. It hit a low of $77.32 at the time of writing and is currently trading at $77.99.
According to the American Petroleum Institute (API), crude inventories increased by 2.5 million barrels for the week ending May 17th, 2024. The Department of Energy (DOE) reported that the inventories in the Strategic Petroleum Reserve (SPR) rose by 1 million barrels as of May 17th.
Major factors for crude oil price movement-
US dollar index (Bearish)- positive 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- $78.29
Kijun-Sen- $78.69
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.
