WTI crude oil showed a minor pullback despite weak US economic growth. It hit a high of $84.17 at the time of writing and is currently trading at $83.79.
The US economy slowed to 1.6% at an annual rate well below the forecast of 2.5%. According to Goldman Sachs crude oil inventories increased now after delays due to Redsea disruptions.
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 106.50/107.20. Major support- 105/103.80.
Geopolitical tension- Easing of tension between Israel and Iran (Negative for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $83
Kijun-Sen- $82.36
The immediate resistance is around $84.35. Any jump above the target of $85/$86.20/$87. On the lower side, near-term support is around $82.50. Any breach below will drag the commodity down to $81.95/$80.70/$80.
It is good to sell on rallies around $84 with SL around $85 for a TP of $80.


FxWirePro: USD/CAD retreats slightly but trend is still bullish
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major)
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro- Major Crypto levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 



