Web Trader MT5
Brent Technical Analysis
Brent crude is showing a mildly bullish recovery, trading around $105.74 after rebounding strongly from the $101.43 low. Price is now above the three moving averages MA5, MA10 and MA20, with the short-term averages positively aligned.
Immediate resistance is around $105.90–$107.00, followed by $108.43. Support is around $104.90, followed by $103.00and the recent low at $101.43.
The recovery remains intact, but momentum is starting to flatten near $105–106, while volume has declined. A break above $106.00–$107.00 would strengthen the bullish outlook, while a move below $104.90 could signal a deeper pullback.
Brent 1H Chart
Source: STARTRADER app | Crude brent jumps 1% after new attacks threat supplies
| Resistance | $105.90 | $107.00 | $108.43 |
|---|---|---|---|
| Support | $104.90 | $103.66 | $102.13 |
S&P 500 Technical Analysis
The S&P 500 remains bullish but in consolidation, trading around 7,828 after reaching a recent high of 7,850. Price remains above the three moving averages MA5, MA10 and MA20, with the moving averages still positively aligned.
Immediate resistance is at 7,850–7,867, while support is around 7,813, followed by 7,759 and 7,705.
The index is consolidating close to its highs, and declining volume suggests that upside momentum has moderated. Nevertheless, the technical structure remains bullish. A break above 7,850.60 could extend the rally, while a sustained break below 7,813 would increase the risk of a deeper correction.
S&P 500 1H Chart
Source: STARTRADER app | S&P 500 reaches a new record high driven by technology stocks
| Resistance | 7,850 | 7,867 | 7,900 |
|---|---|---|---|
| Support | 7,813 | 7,759 | 7,705 |
Gold Technical Analysis
Gold remains under bearish short term pressure, trading around $4,134 after falling from the $4,225 high. Price is below the moving averages MA5, MA10 and MA20, with the short term averages turning lower.
Immediate support is around $4,104, followed by $4,093. Resistance is around $4,145–$4,165, followed by $4,200 and the recent high at $4,225.
The recent sequence of lower highs and lower lows keeps the short-term bias bearish. The current bounce from $4,104 is relatively weak so far. A break below $4,104 would reinforce downside momentum, while reclaiming $4,165–$4,175 would improve the technical outlook.
Gold 1H Chart
Source: STARTRADER app | Gold prices remain a range after rebonding from $4,100 level
| Resistance | $4,145 | $4,165 | $4,200 |
|---|---|---|---|
| Support | $4,104 | $4,065 | $4,000 |
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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