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Oil Remains Under Bearish Pressure Below 106.00

Oil/USD is trading with a bearish intraday bias, remaining below the key pivot level at 106.00, which reflects continued selling pressure and weak bullish momentum. As long as the price stays below this level, the downside scenario remains favored. If the bearish movement continues, oil prices are expected to decline toward 98.00 followed by 96.00. However, if the market reverses and breaks above 106.00, a corrective rebound may develop toward 109.00 and then 115.00. Overall, sustained trading below 106.00 supports further downside toward 98.00 in the near term.

writer

Highness

May 07, 2026
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technical_analysis_articles
EUR/USD Maintains Bullish Momentum Above 1.17100

EUR/USD is trading with a bullish intraday bias, holding above the key pivot level at 1.17100, which reflects continued buying interest and positive short-term momentum. As long as the pair remains above this level, the upward scenario remains valid. If the bullish movement continues, the price is expected to rise toward 1.17400 followed by 1.17700. However, if the pair fails to hold above 1.17100 and turns lower, a corrective move may push prices toward 1.16900 and then 1.16600. Overall, stability above 1.17100 supports further gains toward 1.17400 in the near term.

writer

Highness

May 06, 2026
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technical_analysis_articles
Dow Jones Maintains Bullish Momentum Above 48700

The Dow Jones Index continues to trade with a bullish intraday structure, holding above the key pivot level at 48700, which reflects sustained buying pressure and positive market sentiment. As long as the index remains above this level, the upward scenario stays valid. If momentum continues, the index is expected to rise toward 49840 followed by 50500. On the other hand, if selling pressure appears and the index drops below 48700, a corrective move could push prices toward 48300 and then 47600. Overall, stability above 48700 supports further upside toward 50500.

writer

Highness

May 06, 2026
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technical_analysis_articles
Gold Trades Sideways Around 4600 with Neutral-Bullish Bias

Gold/USD is moving in a sideways intraday range around the key pivot level at 4600, reflecting a balance between buyers and sellers with a slight bullish bias. The next directional move depends on whether the price holds above or breaks below this level. If upward momentum continues, gold may advance toward 4660 followed by 4730. However, if selling pressure increases and the price drops below 4600, a corrective move could follow toward 4580 and then 4500. Overall, stability above 4600 supports a potential continuation toward 4730 in the near term.

writer

Highness

May 06, 2026
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technical_analysis_articles
US Dollar Index Trades Sideways Above 98.20 with Bullish Bias

The US Dollar Index is currently moving in a sideways intraday range around the key pivot level at 98.20, reflecting market indecision with a slight bullish bias. The next directional move depends on whether the index holds above or falls below this level. If upward momentum continues, the index may advance toward 98.60 followed by 99.00. However, if selling pressure increases and the index drops below 98.20, a corrective move could follow toward 98.00 and then 97.70. Overall, stability above 98.20 supports a potential retest of 99.00 in the near term.

writer

Highness

May 06, 2026
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technical_analysis_articles
Oil Trades Sideways Around 112.00 with Mixed Outlook

Oil/USD is moving within a sideways intraday range, fluctuating around the key pivot level at 112.00, reflecting a balance between buying and selling pressures. The next directional move will likely depend on whether the price breaks above or below this level. If bullish momentum strengthens and the price moves higher, it may target 116.00 followed by 120.00. On the other hand, if the price declines and remains below 112.00, the downside scenario becomes more likely, with potential targets at 105.00 and then 103.00. Overall, trading below 112.00 increases the likelihood of a move toward 105.00 in the near term.

writer

Highness

May 06, 2026
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technical_analysis_articles
EUR/USD Under Bearish Pressure Below 1.17200

EUR/USD is trading with a bearish intraday bias, holding below the key pivot level at 1.17200, which reflects ongoing selling pressure and weak upward momentum. As long as the pair remains below this level, the downside scenario is favored, with expected targets at 1.16800 followed by 1.16600 if the decline continues. However, if the pair reverses direction and breaks above 1.17200, a corrective rebound may develop, opening the path toward 1.17400 and then 1.17700. Overall, sustained trading below 1.17200 supports further downside toward 1.16800 in the near term.

writer

Highness

May 05, 2026
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technical_analysis_articles
Dow Jones Holds Strong Bullish Bias Above 48700

The Dow Jones Index continues to trade with a solid bullish intraday tone, maintaining stability above the key pivot level at 48700, which reflects sustained buying interest and positive market momentum. As long as the index holds above this level, the upward scenario remains favored, with expected targets at 49840 followed by 50500 if the rally extends. However, if the index fails to maintain support above 48700, a corrective move may develop, pushing the price toward 48300 and then 47600. Overall, continued trading above 48700 supports the potential for further gains toward 50500 in the near term.

writer

Highness

May 05, 2026
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technical_analysis_articles
Gold Remains Under Bearish Pressure Below 4560

Gold/USD is trading with a clear bearish intraday bias, holding below the key pivot level at 4560, which reflects continued selling pressure and weak bullish momentum. As long as the price remains under this level, the downside scenario is favored, with expected targets at 4500 followed by 4480 if the decline extends. However, if the price reverses and breaks above 4560, a corrective rebound may take place, opening the way toward 4600 and then 4660. Overall, sustained trading below 4560 supports further downside toward 4500 in the near term.

writer

Highness

May 05, 2026

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