USD INDEX
Buyers were not able to add to the gap up to start the week, as sellers controlled activity with a gentle push lower on the day. The downtrend remains intact. Note buyers have protected current support since April 13 2026. Buyers look up above 98.00 as a prerequisite to reversing the trend. Resistance at 98.02 with support at 97.70.
S&P 500
The demand for US equities confirmed as the index continues the strong uptrend with yet another new record high. Clearly investors do not want to miss out on the rally with geopolitical conflicts, overbought technicals and fears of a global slowdown all put aside for now. The trend will face a natural bout of profit-taking at some point, which will test the resilience of buyers. Resistance at 7455 with support at 7391.
GOLD
Gold put in its highest close since April 22nd as buyers remain in control. Today reflected the inverse relationship between weak USD and strong gold. Note current resistance has held up for the past 3 trading days - no higher high on the charts confirming the demand, although present, remains limited for now. Resistance at $4750 with support at $4652.
BRENT OIL
A gap up to start the week as a result of the stalemate between US and Iran negotiations. With no material changes from either side, the doji-like daily candlestick confirms the lack of new direction. Prices maintaining above the $100 level reflect the negative/pessimistic outlook for now. Resistance at $106.03 with support at $102.96.
BITCOIN
An early sell-off did not hold as buyers stepped in, recouped early losses and went on to end the day back where it started, sitting above $80K and again looking ready to test the $82K resistance. Trend and bias remain tilted to the upside. Resistance at $82.4K with support at $80.4K.
