With WTI west texan intermediate back under $100 a barrel and brent crude back around $100 a barrel after been back at its resistance off the $111 high its caused for a slight risk on sentiment and maybe markets are pricing in that as a one time last price shock from the iran war and oil prices may settle back to pre war levels like they once did ?
FOREX EUR/USD EUR/USD is trading near its session low at 1.14770, hugging the previous close of 1.14760. The pair remains firmly below its 20, 50, and 200-day moving averages, indicating a sustained downtrend. The 60-day swing low of 1.13545 remains a key downside target, with current price action testing immediate support at the session low. A break below the previous close would signal continued weakness. Bias: Bearish. Invalidation above 1.14940 (session high).
GBP/USD GBP/USD is trading at 1.33760, slightly above its previous close of 1.33580 but well below all key moving averages. The MA200 at 1.34530 now acts as significant overhead resistance. The pair is operating within its 60-day range, with 1.32148 as the support boundary. Current price action shows a modest bounce from session lows, but without breaking prior resistance levels. Bias: Bearish. Invalidation above 1.33950 (session high).
USD/JPY USD/JPY is trading at 157.086, extending gains and approaching the session high of 157.142. The pair has moved above its MA20 at 156.774, suggesting short-term bullish momentum. While below the MA50 and MA200, the current upward move from 156.129 (previous close) is notable. The 60-day swing high of 163.979 is the longer-term upside target if this momentum sustains. Bias: Bullish. Invalidation below 156.570 (session low).
AUD/USD AUD/USD is currently at 0.71260, up from its previous close of 0.71155 and trading near its session high. The pair is positioned between its MA50 at 0.70860 and MA20 at 0.71660, indicating a short-term consolidation phase. The 60-day swing high of 0.72390 acts as upper resistance. A push above 0.71330 (session high) would confirm near-term strength towards the MA20. Bias: Neutral-Bullish. Invalidation below 0.71150 (session low).
US Dollar Index (DXY) The DXY is currently at 100.336, marking gains from its previous close of 100.220 and trading near its session high. The index remains above its 20, 50, and 200-day moving averages, confirming a strong underlying bullish trend. The 60-day swing high of 101.640 is the next significant upside target. A sustained break above 100.350 (session high) would reinforce bullish sentiment across the FX complex, pressuring major pairs against the dollar. Bias: Bullish. Invalidation below 100.201 (session low).
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are trading at 30086.75, showing significant strength with a 1.60% gain and nearing the session high of 30130.50. Price is well above all moving averages (MA20, MA50, MA200), indicating a robust uptrend. The 60-day swing high of 30599.75 is the next immediate target. A strong close above 30000 level would solidify the bullish momentum. Bias: Bullish. Invalidation below 29904.00 (session low).
S&P 500 futures (ES) ES futures are at 7744.25, up 1.13% and trading near the session high of 7748.50. The index has rallied above its 20, 50, and 200-day moving averages, confirming an established uptrend. The previous close at 7657.35 has been decisively overcome. The 60-day swing high at 7838.50 represents the next significant resistance level. Bias: Bullish. Invalidation below 7713.75 (session low).
Dow futures (YM) YM futures are trading at 52268.00, marking a 0.98% gain and positioned near the session high of 52291.00. Price is above the MA200 at 50267.32 but remains below the MA20 and MA50, suggesting an upward correction within a broader consolidation. A break above 52291.00 is needed to confirm further bullish momentum towards the MA20 at 52803.45. Bias: Neutral-Bullish. Invalidation below 52080.00 (session low).
DAX DAX is trading lower at 25304.06, down 1.60% and struggling near its session low of 25285.90. The index is trading below its MA20, MA50, and MA200, signaling a clear bearish trend. The previous close at 25716.71 now acts as immediate resistance. A break below 25285.90 would target the 60-day swing low of 24556.78. Bias: Bearish. Invalidation above 25656.22 (session high).
FTSE 100 FTSE 100 is significantly lower at 10659.13, down 1.45% and trading near its session low of 10650.16. The index has fallen below its MA20 and MA50, suggesting a shift to bearish sentiment. The 60-day swing low of 10397.50 is the next significant downside target. Continued selling pressure below the previous close of 10816.10 indicates weakness. Bias: Bearish. Invalidation above 10815.94 (session high).
COMMODITIES Spot gold (XAU/USD) Spot gold is trading at 4388.50, declining by 0.82% and hovering near its session low of 4386.30. Price is firmly below its MA20 and MA200, but above the MA50, indicating a mixed but generally bearish outlook in the short term. The previous close at 4424.90 now acts as overhead resistance. A break below current levels would open the path towards the 60-day swing low of 3955.40. Bias: Bearish. Invalidation above 4422.10 (session high).
Spot silver (XAG/USD) Spot silver is at 66.505, showing a marginal decline of 0.08% and finding support near its previous close of 66.556. The price is above its MA20 and MA50, but well below the MA200, indicating short-term strength within a longer-term bearish context. The 60-day swing high of 71.160 remains a key upside target if momentum builds. Bias: Neutral-Bullish. Invalidation below 66.365 (session low).
Copper Copper is trading strongly at 6.71950, up 1.58% and near its session high of 6.74800. Price is comfortably above its 20, 50, and 200-day moving averages, indicating a strong uptrend. The 60-day swing high of 6.80550 is within reach, suggesting further upside potential. A break above 6.74800 would confirm bullish continuation. Bias: Bullish. Invalidation below 6.70150 (session low).
WTI crude WTI crude is experiencing a sharp decline, trading at 94.640 with a 5.64% drop, near its session low of 93.580. Price has fallen below its MA20, but remains above its MA50 and MA200. The substantial drop from the previous close of 100.300 suggests a significant shift in sentiment. The 60-day swing low of 67.040 is the ultimate downside target, with near-term support at 93.221 (MA20). Bias: Bearish. Invalidation above 97.220 (session high).
Brent crude Brent crude is also seeing a substantial correction, trading at 98.120 with a 5.54% drop, currently above its session low of 96.980. The price has fallen through its MA20 at 97.930, indicating a loss of short-term bullish momentum, though it remains above the MA50 and MA200. The previous close at 103.870 now acts as strong resistance. Further weakness could target the MA50 at 92.191. Bias: Bearish. Invalidation above 100.260 (session high).
Natural gas Natural gas is trading at 2.88500, a slight decline of 0.93%, and consolidating near its MA20 at 2.88400. Price is above the MA50 but below the MA200, indicating a mixed to neutral long-term trend. The 60-day swing low of 2.61600 provides distant support. Immediate resistance is at the session high of 2.90600. Bias: Neutral. Invalidation above 2.90600 (session high).
RATES US 10-year Treasury yield The US 10-year Treasury yield is at 4.99800, up 1.03%, and approaching its 60-day swing high and 52-week high of 5.01600. The yield is well above its 20, 50, and 200-day moving averages, confirming a strong and accelerating uptrend. The move above the previous close of 4.94700 indicates continued bullish momentum. A break above 5.01600 would mark new highs and signal further tightening. Bias: Bullish. Invalidation below 4.94700 (previous close).
CRYPTO Bitcoin (BTC/USDT) Bitcoin is trading at 81615.40, showing strength with a 1.38% gain, positioning it near its session high of 82099.00. The current price action from okx suggests a positive sentiment, building on the previous close of 80502.40. With 24h volume at $0.34bn, market participation remains active, supporting the upward movement within the session range. Bias: Bullish. Invalidation below 80173.50 (session low).
Ethereum (ETH/USDT) Ethereum is at 2667.97, up 3.47%, making it the strongest performer among the tracked crypto assets and trading near its session high of 2707.98. The strong rally from the previous close of 2578.60 on okx indicates significant bullish momentum. A sustained push above 2707.98 would signal further upside. Bias: Bullish. Invalidation below 2567.94 (session low).
Solana (SOL/USDT) Solana is trading at 111.94, up 2.94%, and positioned closer to its session high of 113.41 than its low. The price action from okx shows a clear rebound from the previous close of 108.74, indicating positive short-term sentiment. Volume of $0.07bn suggests moderate interest in the current rally. Bias: Bullish. Invalidation below 107.74 (session low).
US indices futures are showing significant strength, notably NQ and ES, while European indices DAX and FTSE are trading sharply lower. The US Dollar Index continues its ascent, pressuring major FX pairs. Commodities are mixed, with oil prices plummeting while copper rallies. This divergence suggests a potentially volatile open as markets reconcile differing regional sentiment and significant moves in key assets.