Web Trader MT5 
Brent Technical Analysis
Crude brent has recently experienced strong selling from its peak near $110.33. Currently, price is staging a minor technical rebound, trading around $99.20.
Oil is expected to remain under structural pressure unless a definitive breakout occurs. If the current bounce fails to cross and sustain above the psychological $100.00 barrier and the MA20 moving average, sellers will likely re-enter, dragging the price back down to retest the $96.14 support level.
A break below that level would open the door for a continuation toward the $94.84 support zone. Buyers will need a high-volume close above $103.23 to signal a trend reversal.
Brent 1H Chart
| Resistance | $100.00 | $102.10 | $103.23 |
| Support | $96.14 | $94.84 | $93.00 |
Gold Technical Analysis
After bouncing off a previous low of $4,491, gold prices experienced a strong surge to $4,580.
The current price action shows gold struggling at $4,524. While the price is attempting to find temporary footing near the $4,524 horizontal structural level.
In the near term, the expectation is for continued weakness. Because the breakdown happened on strong momentum, any minor intraday rallies toward the $4,535–$4,540 zone are likely to face heavy selling pressure as traders look to sell the ribbon.
If the current structural support at $4,524 fails to hold, the next logical magnet for sellers is a complete retest of the major multi-day support level at $4,491. Only a clean reclamation of $4,562 would shift the bias back to neutral.
Gold 1H Chart
| Resistance | $4,562 | $4,580 | $4,600 |
| Support | $4,510 | $4,491 | $4,465 |
S&P 500 Technical Analysis
The S&P 500 established a steady upward trajectory over the past few days. However, upon reaching a new high, buying pressure exhausted, and the index began moving sideways before breaking below its short-term moving averages.
Currently, the price action is reflecting a minor bearish correction, trading around 7,522. The price has slipped beneath the moving averages MA5 and MA10, which are now beginning to curl downward.
Looking ahead, expectations lean toward a deeper test of support before any potential bullish continuation. The immediate downside target rests near the 7,480 area, where the previous structure provided a stepping stone during the upward rally. If buyers fail to defend this zone, a retracement down toward the major support level near 7,431 could be triggered.
S&P 500 1H Chart
| Resistance | 7,540 | 7,561 | 7,585 |
| Support | 7,500 | 7,480 | 7,431 |
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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