Web Trader MT5 
Brent Technical Analysis
Brent crude is trading around $112.60 and remains in a strong bullish structure on the 1-hour timeframe. The chart shows a clear uptrend with higher highs and higher lows, supported by well-aligned moving averages, with the 20 MA above the 50 MA and both above the 100 MA.
The recent price action indicates a continuation pattern, with minor pullbacks being bought aggressively. The breakout above the $110 level confirmed bullish strength, and price has since pushed toward the $114.30 resistance area.
As long as price remains above the $111–$110 support zone, the bullish trend remains intact, and further upside toward $115 is possible. However, a break below $110 would signal a deeper correction toward the $108 region, where stronger support is likely to emerge.
Brent 1H Chart
| Resistance | $108.93 | $110.34 | $113.59 |
| Support | $105.41 | $103.73 | $102.10 |
Gold Technical Analysis
Gold is currently trading near the $4,700 level. One the 1H timeframe, the chart shows a recovery phase after a sharp sell-off from the $4,800 region down toward $4,554. Price has managed to stabilize and form a sequence of higher lows, indicating short-term bullish momentum. This recovery is supported by price reclaiming the 20 and 50 moving averages, which are now starting to slope upward, suggesting a potential continuation higher.
An important resistance level to monitor is the $4,700–$4,720 zone. The recent structure suggests a corrective bounce within a broader bearish move unless buyers manage to break above this resistance. Immediate support lies around $4,620, and as long a golds price holds above this level, the upside toward $4,700 remains likely. A break below $4,600 would weaken the recovery and could expose the $4,550 zone again.
Gold 1H Chart
| Resistance | $4,700 | $4,736 | $4,800 |
| Support | $4,600 | $4,580 | $4,547 |
S&P 500 Technical Analysis
The S&P 500 (SP500) is trading near 6,600 and appears to be consolidating for now. Currently, price is hovering around the 20 and 50 moving averages, which are flattening, reflecting a lack of clear directional momentum in the short term.
The market is effectively in a range between 6,550 support and 6,620 resistance. A breakout above 6,620 would likely trigger bullish continuation toward recent highs, while a rejection from this area could lead to another retest of the 6,500–6,460 support zone. The structure suggests indecision, and traders should watch for a clear breakout to determine the next directional move.
S&P 500 1H Chart
| Resistance | 6,600 | 6,633 | 6,697 |
| Support | 6,546 | 6,500 | 6,482 |
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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