Web Trader MT5 
Brent Technical Analysis
Crude brent is trading near $111 and remains in a broader bullish structure despite recent consolidation near the highs. The market has been forming higher highs and higher lows, supported by the upward alignment of moving averages, indicating sustained buying pressure. The recent pullback seen on the 1H chart appears corrective within the overall uptrend, as price continues to hold above the $109–$110 support zone.
As long as this support remains intact, the bullish bias is likely to persist, with potential for another attempt to break above $113. A break below $109, however, could signal a deeper correction toward $107.
Brent 1H Chart
| Resistance | $112.83 | $113.75 | $115.00 |
| Support | $110.20 | $109.30 | $107.00 |
S&P 500 Technical Analysis
The S&P 500 is trading around 6,383 on the 1-hour timeframe and remains under short term bearish pressure.
However, price has recently bounced from the 6,323 support level, forming a minor recovery structure. This rebound is currently testing the 20-period moving average, which is acting as dynamic resistance, while the 50-period average continues to slope downward, reinforcing bearish momentum.
If price fails to break above the 6,400–6,450 resistance zone, the downside could resume toward 6,300 and potentially lower. A sustained break above this resistance would be needed to signal a shift toward bullish momentum.
S&P 500 1H Chart
| Resistance | 6,415 | 6,480 | 6,530 |
| Support | 6,320 | 6,274 | 6,220 |
Gold Technical Analysis
Gold is currently trading back above $4,520 and is showing signs of a short term bullish recovery after establishing a base near $4,350 last week. Price action indicates a transition from a bearish phase into a corrective uptrend, with higher lows forming and the moving averages beginning to turn upward.
Price has recently broken above the short term moving averages, suggesting improving momentum, while the 20-period average is starting to act as support. However, the broader structure still remains mixed, as the market previously experienced a strong decline from the $4,600 region.
The current move is approaching the $4,550–$4,600 resistance zone, where selling pressure may emerge. A breakout above this area would confirm a stronger bullish continuation, while rejection could lead to another pullback toward $4,450 or lower.
Gold 1H Chart
| Resistance | $4,550 | $4,600 | $4,645 |
| Support | $4,420 | $4,350 | $4,320 |
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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