Market Highlights
1 - Stock markets rally despite oil and middle east uncertainty. S&P 1.05%, NASDAQ +1.64%
2 - European indices close lower on the day. DAX -0.6%, FTSE -1.1%, IBEX -0.7%
3 - Brent up $2.20 within an optimistic range below $100
4 - Bitcoin adds to slow steady uptrend, up $2.4K at $78.7K
5 - USD mixed. USDX +0.25%, strengthened against EUR -0.33%, JPY +0.04%, CAD +0.12%
Daily Price Activity
Insights
USD INDEX Buyers confirmed demand for USD, adding to yesterday’s gains with a higher high and higher low on the chart. Reversal to uptrend complete. Relevant level: Current resistance held as both R and S levels through 2025. Resistance at 98.44 with support at 98.03.
S&P 500 Yesterday’s brief retracement now appears to be the outlier as buyers again dominated the stock markets, with the index closing at record highs. Investors FOMO with profit takers not quite ready. Resistance at 7172 with support at 7126.
GOLD The metal showed resilience in holding it’s own against a rallying USD. The doji-like candlestick within a tight $42 range adds to the existing downtrend. Resistance at $4766 with support at $4723.
BRENT OIL Buyers controlled today’s price action. Again, close price hovers near the $95 area. The market reflects the fundamentals - no new developments within an optimistic/upward bias; prices remain in the upper half of the sideways range. Resistance at $96.67 with support at $91.33.
BITCOIN As per technicals and bias…buyers had a strong day adding to the uptrend with a higher high and higher low on the chart. Continued demand will see buyers looking up to $80K mark. Notwithstanding the uptrend, a longer- term perspective - BTC was at $120K October 2025. Resistance at $79.5K with support at $75.9K.
FX Pivot Levels
