24/7 SUPPORT
Download App
Published: 17 July 2026,07:03
Chart The Market
Brent, H4:
Brent Crude has been trading within a tight consolidation range near $84.50, indicating that bullish momentum has paused following its recent rally. The lack of directional movement suggests that the market is entering a period of indecision as buyers and sellers battle for control.
Momentum indicators point to the possibility of a short-term pullback. The Moving Average Convergence Divergence (MACD) has formed a death cross, suggesting that bullish momentum is fading and that Brent could undergo a modest technical retracement from current levels.
Despite this near-term weakness, the broader technical outlook remains constructive. Brent previously broke above its long-term descending trendline resistance, confirming a bullish structural breakout and signaling a shift in the longer-term trend. This breakout suggests that any near-term decline is likely to be corrective rather than the start of a new downtrend.
The key support level to watch is $78.20. As long as Brent remains above this support, the broader bullish structure is expected to remain intact. A successful defense of $78.20 could attract renewed buying interest and provide the foundation for another upward move.
Resistance Levels: 92.00, 100.00
Support Levels: 78.20, 70.55
XAGUSD H4
Silver has remained under selling pressure since peaking near $63.00 in July, forming a series of lower highs that reinforces the prevailing bearish trend. Over the past two weeks, the metal has declined by more than 10%, highlighting the strength of the recent bearish momentum.
Silver is now testing a key support zone around $57.00, a level that has consistently provided buying support since late June. This support area will be crucial in determining the metal’s next directional move.
From a technical perspective, a rebound from the $57.00 support level remains a possibility, as bargain buying may emerge after the recent sharp decline. A successful defense of this level could trigger a short-term technical recovery and temporarily ease the prevailing selling pressure.
However, if silver fails to hold above $57.00, it would constitute a significant bearish breakdown and reinforce the current downtrend. Such a move would likely accelerate selling momentum and expose the next key support level at $52.80, with the risk of a deeper correction should bearish sentiment persist.
Resistance Levels: 61.58, 65.32
Support Levels:52.80, 48.80
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
