Chart of the day - OIL (09.03.2021)

In spite of Brent (OIL) launching the week with a big bullish gap, buyers were unable to maintain momentum and price started to pull back. OIL erased 2% gain to finish Monday's trading more than 2% below Friday's closing price. Price tried to recover during today's Asian session but those gains were erased as well and Brent is now testing 38.2% retracement of the upward impulse started last week. In case this support is breached, we cannot rule out a move towards the $66.90 area, where 50% retracement and lower limit of the Overbalance structure are located. Breaking below the $66.90 area would hint at short-term trend reversal.

Source: xStation5

10 July 2026, 6:35 PM

Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)

10 July 2026, 5:54 PM

Three markets to watch next week (10.07.2026)

10 July 2026, 3:59 PM

BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!

9 July 2026, 6:52 PM

Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions

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