WTI Crude Oil, Technical Analysis – H1
WTI has successfully closed the lower gap near $80 and shifted into an upward move toward the upper gap. Strong impulse and momentum support a high-probability advance toward the $83 area.
WTI has successfully closed the lower gap near $80 and shifted into an upward move toward the upper gap. Strong impulse and momentum support a high-probability advance toward the $83 area.
Gold remains inside a contracting triangle that still offers room for one more session of consolidation. Barring any sudden black-swan events, prices are expected to stay within the 4,030–4,070 range, while the longer-term bias remains bearish.
Weakness of the bulls on USD/JPY is being confirmed. The current upward technical correction lacks any real strength or momentum, making a rejection at the nearest strong resistance the most likely outcome.
EUR/USD is approaching a decisive breakout on the H1 timeframe as extremely tight consolidation leaves almost no room for further sideways movement. Bears currently hold a slight edge, though one more high cannot be fully ruled out before a potential reversal.
BTC/USD trades at $63,830 as spot prices continue to consolidate within a tight range following recent market turbulence.
Brent Crude trades at $83.83 per barrel following a -4.6% decline that pulled spot prices back toward the $84.00 region.
Natural gas remains in a clear bearish technical structure. Sellers can use the current rebound to build positions, with the key focus on the 2.800 zone for high-probability short setups.
The pair continues to collapse after the historic intervention by the Bank of Japan.
Bitcoin remains under heavy pressure as bulls once again fail to reverse the downtrend, with price retesting the critical sloping support near $62,500 and a high probability of further declines.
The medium-term bullish trend has already completed a full 7-wave structure — an unusually extended sequence for current market conditions.
XAU/USD trades near $4,066 per ounce as bullion continues to construct a local price floor following its worst quarterly contraction since 2013, which saw spot prices drop -14%.
Brent Crude is trading near $82.46 per barrel, experiencing a sharp cooling off after plunging -7.3% to $81.55 in early Monday action.
Gold’s trading range continues to contract, with limited space remaining and a bearish bias pointing toward a downside break. Key support at $4,000 remains the critical level to watch, with the primary move expected after the weekend.
GBP/USD is testing the critical 1.3450–1.3460 supply zone that previously generated an Over&Under reversal. A confirmed rejection would open the path toward 1.3300, while a break higher targets the next confluence area near 1.3550–1.3560.
EUR/USD is forming a bullish flag within its medium-term uptrend, with a potential 100-pip advance targeting 1.1600 if confirmed. Buy signals near 1.1490–1.1500 remain valid but may be postponed into the following week.