Web Trader MT5 
Oil Prices Continue To Rise As Brent Breaks $70 A Barrel
Oil is showing a bullish trend in the short term. Brent price recently peaked at $70.65 but is now consolidating slightly above the 30 MA, suggesting short-term strength.
MACD is close to the signal line with weakening histogram bars, indicating momentum loss.
Moving averages (5 and 10) are flattening, which is another neutral signal.
Watch for breakout above $70.65 for continued bullishness in the trend. Breakdown below $69.50 could trigger pullback toward $68.80–$69.00. levels
Brent 1H Chart
| Resistance | $70.65 | $71.20 | $71.52 |
| Support | $69.41 | $69.00 | $68.71 |
USDJPY shows a strong uptrend as price bounced from 142.67 and is now testing recent high territory.
MACD is strongly bullish with widening gap and green histogram, indicating strength in the uptrend.
All moving averages MA(5), MA(10), and MA(30) are aligned bullishly confirming trend strength.
Bullish continuation is likely toward 148.00 resistance level unless 146.00 fails. Watch for potential consolidation before the next leg up.
USDJPY 4H Chart
| Resistance | 147.20 | 147.50 | 148.00 |
| Support | 146.54 | 145.90 | 145.22 |
Following the strong rally on US indices and specifically Nasdaq, the 4H chart shows sideways movements. The index reached a recent high at 22,909, now forming a rounded top.
MACD is generally bearish with red histogram and MACD line below signal line.
Price is sitting just above 30 MA, and shorter MAs are sloping downward, showing indecisiveness.
A break below 22,600 might target the 22,300–22,400 zone. But eyes remain on the 22,900 resistance line if upward movement remains.
Nasdaq 4H Chart
| Resistance | 22,730 | 22,766 | 22,800 |
| Support | 22,617 | 22,534 | 22,502 |
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