Bearish Pressure Builds Amid Middle East Tensions, Targets 5675Middle East uncertainty after Iran attack makes for tricky trading
Beyond tensions in the Middle East, there are several potential catalysts that could keep investors on edge, including the upcoming U.S. election in November and a key jobs report this week that will help shape the Fed's policy direction.
Technically:
The price has reached our target and continues to decline towards 5675 and 5643 while remaining below 5713 and 5732.
To shift to a bullish trend, the price must break above 5732.
Key Levels:
Pivot Point: 5715
Resistance Levels: 5732, 5784, 5820
Support Levels: 5675, 5643, 5584
Trend Outlook:
Bearish while under 5732
previous idea: