Equities: Technical Levels to Watch
S&P 500: The index remains above support at 4,200 points. A break below this level could trigger a wave of technical selling, while a rebound toward 4,300–4,350 points would confirm a return of upward momentum.
NASDAQ 100: Tech stocks face resistance at 13,600 points. Short-term traders are monitoring possible pullbacks for entry points on overbought assets.
The 50- and 200-day moving averages remain key references for medium-term strategies, with bullish or bearish crossovers potentially driving multi-session flows.
Commodities: Gold and Oil
Gold (XAU/USD): Consolidating around $2,050/oz. Short-term trend remains bullish, with immediate support at $2,030. Traders can consider long positions on technical rebounds.
Crude Oil (WTI): Trading near $82/barrel, facing resistance at $85. The RSI indicates oversold conditions, suggesting potential for a technical bounce suitable for swing trading strategies.
Cryptocurrencies: Support and Resistance Zones
Bitcoin (BTC/USD): Consolidating near $42,000. A breakout above $43,000 could reignite bullish momentum, while a drop below $41,000 opens the door for deeper corrections.
Ethereum (ETH/USD): Holding above $3,200, with solid support around $3,150. Traders are watching volume levels to confirm the next directional move.
Trading Summary
The day is ideal for short-term strategies such as scalping and swing trading around key support and resistance levels. Investors should stay alert to economic announcements and geopolitical developments, which remain significant drivers of volatility.
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