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XBRUSD (BRENT OIL) UPDATE
- Fighting off headwinds (IEA led plan to release strategic oil reserves, US waiver of Russian oil sanctions for 30 days) to keep a bid above $100 but so far not by enough to build momentum for a run at the $119+ high.
- Watch $100 as a global risk indicator.
- in any case, keep an eye on headlines out of the Gulf, more so the reaction to the news.
- I would normally say stick to short-term charts and use tight stops, but in current volatility, tight stops are an invite to the stop hunting sharls.
XBRUSD 4 HOUR CHART
GREAT CALL BY OBBY YESTERDAY
EURUSD Daily
Pattern wise – no escape now from reaching 1.14600
That level is a breaking point :
– If it holds, what we have seen previous weeks was just a correction
– If it gives a way, 1.13100 will be tested and we might be on our way towards 1.0500
What my chart shows
EURUSD WEEJKY CHART (trading at lowest level since July 2025)
- Put up a good fight but 1.15 finally gave way
- If the 1.1467 break holds, 1.1391 is exposed… below that is a huge void
- Back above 1.1467 would slow risk and put 1.15 back in play
Bitcoin Slides 2% as Oil Surges 10.5% After Tanker Attacks
Bitcoin (BTC-USD) traded lower Thursday as a sudden spike in oil prices rattled risk sentiment across global markets, underscoring how geopolitical tensions in the Middle East are continuing to shape investor positioning. The largest cryptocurrency slipped as much as 2% and hovered near $70,000 early in New York after attacks on two oil tankers in Iraqi waters pushed energy markets sharply higher. Brent crude surged as much as 10.5%, briefly lifting oil back above $100 a barrel and prompting a broad risk-off move that extended into equities and digital assets.
Oil tops $100 again
Iran is continuing with strikes , and new leader is threatening to keep blocking Strait of Hormuz
Brent crude touched $101 before retreating as Iran stepped up its attack on Gulf infrastructures.West Texas Intermediate crude futures (CL.1) (CLJ26) were climbing 9.3% to $95.35 a barrel, while Brent crude (BRN00) (BRNK26) was advancing by 8.7% to trade at $100.01.
Brent oil touched a high of $101.25 overnight, according to FactSet data.
Commodity-price volatility is here to stay.
Brent crude oil Chart
US FX WRAP: Dollar gains as traders no longer fully price one 25bps Fed rate cut in 2026
XAUUSD (GOLD) UPDATE
- On the defensive with a firmer USD, higher US yields and failure this week to hold a breakout above 5200 weighing on GOLD.
- However, this is still just back into its 5000-5200 range unless a more exposed 4996, currently protected by 5050 and 5014 comes on the radar.
XAUUSD 4 HOUR CHART
EURUSD Daily
Pattern wise – no escape now from reaching 1.14600
That level is a breaking point :
– If it holds, what we have seen previous weeks was just a correction
– If it gives a way, 1.13100 will be tested and we might be on our way towards 1.0500
And this is all Technical – Problem is that we are in the middle of Huge Crisis that can ruin even the best laid plans.
So go on smaller time frames – day in and day out and maintain your stops tight.
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