Strong upward momentum persists across markets.

🛢️ BRENT Leads the Bullish Breakout With Strong Impulse

Brent crude oil has experienced a significant bullish breakout from a prolonged consolidation range. The price decisively cleared the resistance area around $68.704, triggering a very strong upward impulse. This move is confirmed by the Supertrend indicator, which remains firmly in a buy state (green). However, the Relative Strength Index (RSI) has moved deep into overbought territory, reading approximately 83. This indicates that while momentum is strong, the asset is potentially over-extended, and a period of consolidation or a corrective pullback could be imminent. Traders will be watching the recent high near $78.781 as the immediate resistance.

💶 EURUSD Maintains Bullish Structure After Breakout

The EURUSD pair is in a clear uptrend, having recently broken above the key resistance level at $1.14073. The price action shows consistent higher highs and higher lows, with the Supertrend indicator providing dynamic support and confirming the bullish sentiment. The RSI is currently around 65, indicating strong buying momentum but approaching the overbought region. This suggests the uptrend is healthy but could be due for a minor pullback before potentially continuing its ascent towards higher levels. The previous resistance around $1.14073 now serves as a key potential support zone. This setup also reflects broader bullish breakout conditions across key forex markets.

💷 GBPUSD Consolidates Within Key Range

The GBPUSD chart is displaying a period of sideways consolidation, with price trading within a range roughly defined by support at $1.34785 and resistance near $1.36000. Despite this range-bound activity, the underlying trend bias appears bullish, as shown by the Supertrend indicator which has remained green, indicating a buy signal. The RSI is hovering around the 54 mark, a neutral reading that reflects the current lack of directional momentum and suggests the market is in equilibrium. A decisive break above the range resistance or below the range support would be needed to signal the next directional move.

🔘 Silver Outlook: Trend Pauses Below Resistance

Silver (XAGUSD) has demonstrated strong bullishness by breaking out of a previous trading range and establishing a new support level at $34.870. Following the breakout, the price has entered a consolidation phase below the recent highs near $36.500. The Supertrend indicator continues to signal a bullish trend, suggesting that the current consolidation could be a pause before another upward leg. The RSI has pulled back from overbought levels to a more neutral reading around 57, which often indicates that momentum is “recharging” for a potential continuation of the primary trend.