Trend Overview:
Brent Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 6620 (primary pivot), followed by 6530 and 6440
Resistance: 6900 (initial), then...
Trend Overview:
WTI Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 6380 (primary pivot), followed by 6320 and 6250
Resistance: 6650 (initial), then 6740...
Key Support and Resistance Levels
Resistance Level 1: 7890
Resistance Level 2: 7970
Resistance Level 3: 8070
Support Level 1: 7700
Support Level 2: 7620
Support Level 3: 7510
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
8760 – Key level from prior consolidation.
8680, then 8640 – Next supports if 8680 breaks.
Resistance:
8830 – First upside target.
8930, then 9000 – Further resistance levels on continued...
Economic Data Releases:
United States:
May CPI (Consumer Price Index): Key inflation gauge. Market watchers will scrutinize headline and core inflation figures for Fed policy implications.
Federal Budget Balance (May): Indicates monthly fiscal deficit/surplus; relevant for fiscal health and debt trajectory.
Japan:
May PPI (Producer Price Index): Tracks...
Trend Overview:
LTC/USD remains in a bullish trend, characterized by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 865 (primary pivot), followed by 845 and 820
Resistance: 956 (initial), then 1000 and...
Trend Overview:
ETH/USD) remains in a bullish trend, characterized by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2514 (primary pivot), followed by 2356 and 2220
Resistance: 2940 (initial), then 3000 and...
Trend Overview:
Bitcoin (BTC/USD) remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 103,330 (primary pivot), followed by 100,680 and 97,700
Resistance: 113,040...
Key Support and Resistance Levels
Resistance Level 1: 43190
Resistance Level 2: 43620
Resistance Level 3: 44290
Support Level 1: 42100
Support Level 2: 41420
Support Level 3: 40990
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
Key Support and Resistance Levels
Resistance Level 1: 6120
Resistance Level 2: 6170
Resistance Level 3: 6220
Support Level 1: 5960
Support Level 2: 5900
Support Level 3: 5800
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
Trend Overview:
EUR/USD continues to exhibit a bullish price structure, supported by a rising trendline and higher lows. Recent intraday action reflects a corrective pullback, suggesting a temporary pause within the broader uptrend.
Key Technical Levels:
Support: 1.1300 (primary), followed by 1.1235 and 1.1180
Resistance: 1.1430 (initial), then 1.1470 and...
Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favour the upside, although recent intraday price action suggests a sideways consolidation, signalling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot),...
Market Watch – Tuesday, June 10 (Technical Focus)
Key Data Releases (Potential Volatility Triggers):
US
NFIB Small Business Optimism (May) – Watch for shifts in sentiment that could influence the USD and S&P 500 direction.
3-Year Note Auction – Yields could impact Treasury curve dynamics; monitor for demand strength or weakness.
UK
Average Weekly Earnings...
Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on...
🇺🇸 United States
NY Fed 1-Year Inflation Expectations: Rose slightly to 3.1% in May from 3.0% in April. This suggests increasing consumer concerns about short-term inflation, potentially influencing Fed policy.
Wholesale Trade Sales (April): Awaiting data.
🇨🇳 China
May CPI: Up 0.3% YoY, but fell 0.1% MoM — indicating weak consumer demand.
May PPI: Fell 1.4%...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3500
This level aligns with a previous consolidation zone and is acting as a...
