Web Trader MT5
Nasdaq-100 Technical Analysis
The Nasdaq 100 remains under bearish pressure after failing to sustain its recent recovery toward the 29,400–29,500 area. Following the sharp decline toward 28,838, the index entered a consolidation phase before rebounding toward approximately 29,400.
The moving averages reinforce this cautious outlook. The current price is below all three averages MA(5), MA(10), and MA(20), indicating that short-term momentum has turned negative again.
On the downside, immediate support is located around 29,180, followed by the previous low at 28,838 and the broader support area near 28,750. A sustained break below 28,838 would confirm further downside pressure. On the upside, resistance lies around 29,265–29,317, followed by 29,400 and 29,600. A recovery above 29,317 would ease the immediate bearish pressure, while a sustained move above 29,400 would provide stronger evidence of renewed buying interest.
Nasdaq-100 1H Chart
Source: STARTRADER app | Nasdaq trades higher after Anthropic announced filing for IPO
| Resistance | 29,317 | 29,425 | 29,600 |
|---|---|---|---|
| Support | 28,838 | 28,750 | 28,510 |
Brent Technical Analysis
Brent crude is attempting to stabilize after correcting sharply from its recent high of $118.23. The recent decline brought prices toward the $114.00 region, where the market began consolidating. The latest candles indicate a modest rebound from the recent lows, with price moving back toward $115.30 However, the recovery remains relatively weak, and Brent has yet to establish a clear sequence of higher highs that would confirm a renewed bullish trend.
The moving averages suggest that the market is approaching a potential turning point. A sustained move above $115.43 would strengthen the recovery signal, while repeated rejection around this level would suggest that sellers remain active.
Immediate support lies around $114.50, followed by the broader $113.80–$114.00 area. A break below $113.80 would weaken the stabilization pattern and could expose lower levels. On the upside, initial resistance is located around $115.40–$115.50, followed by $116.40 and $117.0. The recent high at $118.230 remains the key resistance for a broader bullish continuation.
Brent 1H Chart
Source: STARTRADER app | Oil prices cool on hopes of progress in negotiations between the US and Iran
| Resistance | $115.50 | $117.00 | $118.43 |
|---|---|---|---|
| Support | $113.80 | $112.42 | $111.23 |
Gold Technical Analysis
Gold remains under significant selling pressure after declining from its recent high of approximately $4,126. The 1-hour chart shows a clear sequence of lower highs and lower lows, with the precious metal falling toward the $3,975 support level before entering a sideways consolidation phase around the psychological $4,000 mark.
The moving averages indicate a largely neutral short-term configuration within a broader bearish structure.
A sustained recovery above $4,013 would be the first indication of improving momentum, although stronger confirmation would require a move above the next resistance levels.
Immediate support lies around $4,000, followed by the recent low at $3,975 and the broader support zone near $3,960. A break below $3,975 would reinforce the bearish structure and could open the way for another leg lower. On the upside, resistance lies around $4,010–$4,013, followed by $4,025 and $4,050. A sustained move above $4,025 would improve the short-term outlook, while a recovery above $4,050 would offer stronger evidence of a reversal attempt. For now, gold maintains a bearish bias, with the $4,000 level acting as a key psychological pivot.
Gold 1H Chart
Source: STARTRADER app | Gold holda above $4,000 psychological support level
| Resistance | $4,025 | $4,059 | $4,097 |
|---|---|---|---|
| Support | $3,975 | $3,950 | $3,922 |
Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.
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