200 DAY SMA

Gold and silver edged lower in early Asian trading as traders waited for the September meeting minutes and fresh signals on interest rates. Key technical levels remain in focus, with gold testing the $4,100 support zone and silver holding near the $60 area.

Oil prices are trying to stabilize after a sharp pullback, with Brent near $104 and WTI around $90 as stronger Middle East exports ease immediate supply concerns. Traders remain focused on Yemen-related risks, unresolved US and Iran talks, and key technical levels at $87 for WTI and $99 to $100 for Brent.

Oil prices are consolidating as recovering Middle East crude flows limit further upside while stalled US-Iran talks and fuel shortages keep supply concerns alive. WTI traders are watching the $93 breakout level, while Brent’s $95 support remains central to the next directional move.

WTI and Brent eased after a sharp rebound, with traders balancing Gulf supply risks against a surprise rise in U.S. crude inventories. Technical traders are watching $94 for WTI and $103.50 for Brent as the key levels needed to extend the recovery.

The Nasdaq 100 is trading in a compressed volatility setup, with Bollinger Bands tightening around the index as Elliott Wave scenarios point to sharply different outcomes. Technical traders are watching 30,195 as a key bullish confirmation area, while weakness below the lower band could revive downside targets near 27,732 and 26,900.

Gold has climbed to a three-month high as U.S. dollar weakness and haven demand support the precious metals complex. Technical traders are watching whether gold can clear the $4,800-$5,000 resistance zone while silver attempts to break above $72.

USD/INR remains supported by institutional demand, oil-related dollar needs, and expectations for steady RBI policy, but the pair is struggling near the 95.70 to 95.80 resistance band. Thin overnight volumes are amplifying intraday reversals, making position sizing and the 95.50 invalidation zone central for traders.

Gold pushed toward $4,540 as Treasury buyback signals helped ease pressure on longer-term yields and strengthened demand for precious metals. Silver remains supported after its breakout above $64, with traders focused on the $72 resistance zone as the next major trigger.

USD/INR remains supported by institutional demand, oil-related dollar pressure, and expectations that the RBI will hold policy steady. However, thin overnight liquidity is creating sharp intraday reversals that can punish overleveraged traders even when the broader trend remains higher.

Crude oil prices advanced as U.S.-Iran tensions intensified and shipping through the Strait of Hormuz remained severely disrupted. Technical traders are watching WTI above $87 and Brent near $100 for signs of a broader breakout.

USD/JPY has stabilized around the 157.50 to 157.80 area after a sharp retreat from the 163.00 zone, with oversold technical signals helping the pair find a near-term floor. Traders are weighing the impact of major intervention, uncertain Bank of Japan tightening prospects, and reduced expectations for two Federal Reserve hikes before year-end.

Oil prices extended their rally as new Strait of Hormuz shipping fees and renewed blockade threats around Iranian ports intensified supply disruption concerns. Technical traders are watching WTI resistance at $88 and Brent momentum toward $90, with $100 emerging as a higher-risk breakout target.

Oil prices rallied after President Donald Trump said the interim deal with Iran was over, reviving a Gulf risk premium across crude markets. WTI is testing the $79 to $80 resistance area, while Brent is hovering near $81 as traders assess whether headline-driven momentum can extend further.