This multi-asset technical analysis highlights key market structures across commodities, equities, and indices. From Brent oil’s resistance tests to Silver’s bullish consolidation, TSMC’s uptrend, and Russell 2000’s breakout, traders have clear levels to watch.
Multi-Asset Technical Analysis: Brent Crude Oil
Price is currently testing the 70.74 resistance zone after a recent strong rejection from 76.82. The short-term support at ~67.50 is holding, but the failure to reclaim 70.74 may trigger another wave of selling. A break above 70.74 could signal a renewed attempt toward 76.82. Range-bound behavior between 67.50 – 70.74 remains dominant. Additionally, traders are closely monitoring inventory data and OPEC+ commentary for further clues on potential directional bias in the coming sessions. The broader structure suggests a consolidation phase before any sustained trend emerges.
Taiwan Semiconductor Manufacturing Company (TSMC)
The price is moving within a well-established ascending channel since early April. Currently testing the upper boundary of this channel near 236–238. If this resistance breaks with volume, continuation toward 245+ is likely. A pullback toward the midline could offer renewed buying opportunity in the uptrend. This setup continues to attract momentum traders, especially given TSMC’s critical role in the semiconductor supply chain and its correlation with broader technology indices. Recent earnings strength and robust demand have further supported the bullish case.
Multi-Asset Technical Analysis: E-Mini Russell 2000 Index Futures
The index has broken above a major horizontal resistance at 2,210 and is approaching the next resistance zone at 2,338. The structure resembles a textbook “cup and handle” breakout, confirming bullish momentum. Targets lie at 2,338 and 2,463, with support now shifting to 2,210. This pattern signals that buyers remain firmly in control, and many participants are positioning for potential all-time highs if the breakout sustains on higher volume. Watching sentiment in small-cap stocks will be essential for confirmation.
Silver / USD
Price is consolidating just below the 37.30 resistance. Higher lows since April, along with trendline support, suggest continued bullish bias. A breakout above 37.30 could open path toward new highs. Closest support is at 35.45, which aligns with the ascending trendline. Overall, Silver remains technically constructive, and traders will be monitoring macro catalysts such as inflation expectations and the dollar’s trajectory to gauge whether upward momentum can persist into Q3.
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