Brent Crude Oil
Brent Crude Pulls Back After Rejection – Can Bulls Defend the Channel?
Brent failed to break 75.18 resistance and is pulling back toward $73. Holding above the midline may lead to 75.96, while breakdown risks 71.00–68.37.
Brent Crude Oil recently tested the 75.18 resistance zone but failed to close above it, showing clear rejection near the upper boundary of the ascending channel drawn from the March lows. Price is now pulling back toward the midline of the channel around $73. If this level holds, bulls may attempt another push toward the next resistance at 75.96. However, a break below the channel could expose downside levels at 71.00, and potentially a retest of the key demand zone around 68.37.
EUR/USD
EUR/USD Holds Trendline Support – Can It Push Toward 1.0852?
EUR/USD trades sideways with upward bias. Holding 1.0780 trendline keeps 1.0852 in focus. A breakdown may invite further downside pressure.
EUR/USD continues to trade in a sideways structure with a slight bullish tilt, supported by an ascending trendline. Price recently faced rejection from the 1.0800 resistance zone and is now retesting support around 1.0780–1.0779. As long as the pair holds above this area, the outlook remains constructive for a move toward 1.0852. However, a break below the trendline could invalidate the bullish setup and shift momentum back to the downside.
Techniques Used: Trendline support, horizontal support/resistance, price action structure.
US100 (NASDAQ CFD)
NASDAQ Slips Below Key Levels – Is More Downside Ahead?
US100 falls below 19,956 and tests 19,270 support. A close under 19,093 could target 18,900–18,500. Bulls must reclaim 19,956 to recover trend.
US100 (NASDAQ CFD) is under strong selling pressure after failing to hold above the 20,100–20,329 resistance zone. The index has dropped back below 19,956 and is now testing previous support around 19,270. A confirmed daily close below 19,093 could trigger further downside, targeting the 18,900–18,500 range. To shift momentum back in favor of buyers, the index needs to reclaim 19,956 as support and establish strength above recent breakdown levels.
Gold Spot (XAU/USD)
Gold Consolidates Below $3,150 – Breakout or Pullback Ahead?
Gold stalls at $3,150 resistance after a strong rally. A breakout may target new highs; failure could send price toward $3,002–$2,922.
Gold Spot (XAU/USD) is consolidating beneath a key resistance level at $3,150, following a strong bullish rally. On the 4H chart, small-bodied candles signal indecision, suggesting a possible pause or reversal in momentum. Immediate support lies at $3,100, with stronger demand expected near $3,002 and $2,922. A confirmed breakout above $3,150 could lead to new all-time highs, while a breakdown from the current range might trigger a deeper pullback.
Techniques Used: Resistance cluster, consolidation pattern, horizontal levels.
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