
Brent Technical Analysis
Oil is showing a healthy bullish continuation structure, following a strong recovery from the $58.95 low. Price has printed consistent higher lows and higher highs, with the market now consolidating just below $62.20 resistance. The 5, 10, and 30 moving averages are all aligned to the upside, and price remains above them, confirming that the short-term trend remains bullish despite the current pause.
MACD shows bullish momentum is slowing in the near term. This suggests oil may enter a short consolidation or shallow pullback. As long as price holds above $61.20–$60.80, the bullish bias remains intact, with potential for another upside attempt toward $62.50–$63.00. A break below the 30-period moving average would be the first technical signal that momentum is weakening.
Brent 1H Chart

| Resistance | $61.70 | $62.15 | $62.64 |
| Support | $61.15 | $60.83 | $60.49 |
Gold Technical Analysis
Gold remains firmly in a strong bullish trend, with price pushing to fresh highs near the $4,500 psychological level. The structure is clearly defined by higher highs and higher lows, and price is trading above the 30-period moving average, which continues to act as dynamic support.
MACD remains positive, suggesting momentum is still bullish. As long as price holds above the $4,440–$4,425 support zone, the bias remains bullish, with potential for another leg higher. A clean break and hold above $4,500 would open the door for continuation.
Gold 1H Chart

| Resistance | $4,490 | $4,500 | $4,520 |
| Support | $4,448 | $4,421 | $4,405 |
Dow Jones Technical Analysis
Dow Jones is currently in a consolidation phase after a rebound, trading sideways between roughly 48,200 and 48,500 following a strong bounce from Friday’s low. Price is holding above the 30-period moving average, which has flattened slightly but still provides underlying support.
MACD lines are flattening near the zero line. As long as index holds above 48,000–47,850, the broader structure remains constructive, and a break above 48,550–48,800 could trigger renewed upside momentum. However, failure to hold above the 30-period moving average would increase the risk of a deeper pullback toward previous demand near 47,600–47,400.
Dow Jones 1H Chart

| Resistance | 48,454 | 48,520 | 48,673 |
| Support | 48,235 | 48,130 | 48,039 |
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