Article By RoboForex.com
Brent
As we can see in the H4 chart, Brent has stopped moving upwards after divergence on MACD. In this case, the asset may start a new decline break the low at 65.89 and then continue falling towards long-term 38.2% fibo at 59.53. The key resistance is the high at 86.63.
The H1 chart shows that divergence on MACD made the asset resume falling after testing 76.0% fibo at 81.65. The downside targets are 23.6%, 38.2%, 50.0%, 61.8%, and 76.0% fibo at 77.90, 75.61, 73.76, 71.91, and 69.67 respectively. The resistance is at 81.62.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Dow Jones
As we can see in the H4 chart, divergence on MACD made the asset start a steady descending impulse after updating the high. If the index breaks the current high at 36971.0 it may continue trading upwards to reach the post-correctional extension area between 138.2% and 161.8% fibo at 37562.0 and 38177.0 respectively. However, if the market falls and breaks the support at 33962.0, the instrument will start a long-term bearish phase.
The H1 chart shows downside correctional targets after divergence on MACD – 38.2%, 50.0%, 61.8%, and 76.0% fibo at 36096.0, 35827.0, 35557.0, and 35235.0 respectively, as well as the low at 34683.0.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The US introduces new import tariffs for 60 countries. Brent crude surpasses $100 per barrel Jul 24, 2026
- USD/JPY Breaks Records: Nothing Slows the Yen’s Decline Jul 24, 2026
- Oil prices reached a 6‑week high. The AUD strengthened on the back of a strong labor‑market report Jul 23, 2026
- EUR/USD Recovers as Dollar Weakens Jul 23, 2026
- Bitcoin rose to $66,000. The New Zealand dollar continues to strengthen Jul 22, 2026
- Inflationary pressure is easing in Canada. In New Zealand, on the contrary, inflation is rising Jul 21, 2026
- GBP/USD Falls After Cabinet Changes Jul 21, 2026
- Geopolitical and macroeconomic conditions continue to pressure market sentiment Jul 20, 2026
- USD/JPY Poised to Continue Gains as Expensive Oil and Lack of Support Weigh on Yen Jul 20, 2026
- COT Metals Charts: Weekly Speculator Bets led by Copper & Steel Jul 18, 2026
