Metals
Brent Technical Analysis
The hourly chart shows a clear uptrend in oil prices, with Brent rising from a low around $60.26 to a high near $65.16.
Short term moving averages MA(5) and MA(10) have consistently remained above the longer-term ones. The MAs are also steeply angled upward and well-separated, which is a strong confirmation of the current bullish momentum. The faster MAs act as immediate support for the current price action.
The chart shows very strong short-term bullish momentum. All indicators are aligned: the price is trending up, the MAs are in a bullish order and rising, and the MACD confirms the strong positive momentum.
Brent 1H Chart
| Resistance | $64.54 | $65.00 | $65.70 |
| Support | $63.42 | $62.65 | $62.00 |
Dow Jones Technical Analysis
The hourly chart on the Dow Jones shows a clear and strong uptrend.
The three moving averages MA(5), MA(10), and MA(30) are in a bullish alignment order, indicating the uptrend is still intact. 10-period moving average and 30-period moving average act as dynamic support for the price.
MACD is positive, although showing signs of slowing down in momentum.
The immediate challenge for higher prices is the resistance at the recent high around 47,187. A breakout above this level would signal a continuation of the rally, while a rejection could lead to further consolidation.
Dow Jones 1H Chart
| Resistance | 46,647 | 46,716 | 46,881 |
| Support | 46,417 | 46,216 | 46,017 |
Tesla Technical Analysis
Tesla stock continues its uptrend as seen on the daily chart. The current price action shows signs of a pullback or consolidation after price found some resistance around the $470–$480 level
The recent convergence of moving averages MA(5), MA(10) and MA(30) is a signal indicating a potential short term correction or consolidation.
MACD shows signs of loss of bullish momentum and the start of a likely correction wave.
The 30-day moving average acts as a dynamic support for price. Failure to close below the moving average is considered a bullish sign for price.
Tesla Daily Chart
| Resistance | $442 | $450 | $467 |
| Support | $429 | $421 | $418 |
