Web Trader MT5 
Brent Technical Analysis
Oil remains in a strong short term uptrend on the 1-hour chart. Brent crude is currently trading near $113, with the latest candles showing continuation after a clean sequence of higher highs and higher lows.
The three moving averages MA(5), MA(10), MA(30) are all sloping upward and stacked in bullish order, which confirms trend strength. Momentum also remains constructive, with the MACD staying supportive and volume expanding on the recent push higher, suggesting the move is still ongoing.
The immediate resistance is at the recent peak around $113, and a clean break above that area could extend the rally toward the $113.50–$114.00 region. On the downside, initial support sits around $112.00. As long as price holds above the short-term moving averages, the uptrend remains intact. A break back below $112.30 would be the first sign that the market is starting to lose momentum.
Brent 1H Chart
| Resistance | $113.50 | $114.75 | $115.54 |
| Support | $111.23 | $110.00 | $108.55 |
Dow Jones Technical Analysis
Dow Jones has been moving in a clear downward since mid-February. The three moving averages MA(5), MA(10), and MA(30) are aligned in a bearish formation, and MACD remains below zero, confirming downside momentum.
Immediate support is near 45,320. If that breaks, the next downside support levels are likely around 45,200 and then 45,000. On the upside, resistance comes in at 46,500–46,600, followed by 46,720–46,820. A move back above that zone would be needed to weaken the current bearish structure. Until then, rallies are likely to be treated as corrective unless the index reclaims the short-term moving averages and closes above.
Dow Jones 1H Chart
| Resistance | 46,250 | 46,600 | 46,720 |
| Support | 45,322 | 45,200 | 45,000 |
Gold Technical Analysis
Gold still exhibits bearish price action in the short term as it’s trading below the moving average MA(30). This tells us that price remains under pressure. The MACD is still negative.
The most important support is the recent low near $4,270, and if that level gives way, the next downside area is likely the $4,200 psychological zone. On the upside, the first hurdle is $4,350–4,390. A stronger recovery would need gold to reclaim the $4,480–$4,500 band to suggest the correction is starting to ease.
Gold 1H Chart
| Resistance | $4,350 | $4,480 | $4,565 |
| Support | $4,270 | $4,200 | $4,165 |
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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