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Chart alert: WTI crude is entrenched in a minor downtrend below 20-day and 50-day moving averages
WTI crude oil prices remain under pressure after a sharp May selloff driven by improving US-Iran ceasefire negotiations and easing geopolitical tensions around the Strait of Hormuz. WTI has turned into the worst-performing major asset class in May 2026, with technical indicators pointing to continued near-term weakness. Price action remains trapped below the 20-day and 50-day moving averages within a descending channel, exposing further downside risks toward key support levels.
29-05-2026 10:24 GMT by Kelvin Wong
OrganisationOPEC_Oil_Production
Asia open: S&P 500 nabs records on US - Iran ceasefire extension amid Hot PCE inflation shock
The S&P 500 and Nasdaq reached fresh record highs after the US and Iran extended their ceasefire agreement, improving global risk sentiment and easing energy market tensions. However, hotter-than-expected US core PCE inflation at 3.3% y/y reinforced expectations for prolonged restrictive Federal Reserve policy. Meanwhile, the AI infrastructure boom continued to dominate markets as major technology firms delivered strong earnings and funding milestones.
29-05-2026 04:03 GMT by Kelvin Wong
Memorandum is finalized but its agreement is still pending – Dow Jones, Nasdaq and S&P 500 Intraday Levels
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Wall Street digests the details of a historic diplomatic breakthrough reported by Axios, including a 30-day timeline to lift the naval blockade and reopen the Strait of Hormuz. As WTI Crude languishes below $90 and international premiums evaporate, explore critical technical levels for the S&P 500, Nasdaq, and Dow Jones.
28-05-2026 18:49 GMT by Elior Manier
Chart alert: Gold (XAU/USD) bearish breakdown below 200-day MA, further potential weakness ahead
Gold (XAU/USD) remains under pressure after breaking below its key 200-day moving average for the first time since March 2026. Rising US Treasury real yields and persistent bearish momentum continue to weigh on the precious metal as investors rotate toward yield-bearing assets. Technical analysis suggests gold may face further downside below the $4,456 resistance level, with key support zones now monitored near $4,320 and $4,250 amid a strengthening medium-term downtrend.
28-05-2026 05:29 GMT by Kelvin Wong
Asia open: AI Capex mania fuels world stocks to all-time highs as US-Iran peace deal skepticism lingers
Global stock markets surged to fresh record highs as relentless AI infrastructure spending continued to fuel risk appetite despite mounting macroeconomic and geopolitical headwinds. Investors are closely watching conflicting US-Iran peace deal developments, while sticky inflation pressures and increasingly hawkish central bank signals strengthen expectations for higher interest rates. Markets now shift focus to the crucial US PCE inflation report and the evolving AI-driven equity supercycle.
28-05-2026 02:34 GMT by Kelvin Wong

Top cryptocurrency news and analysis

Litecoin_Crypto_Symbols
Cryptos fail to generate momentum continuous confusion – BTC and Ethereum (ETH) Technical Outlook
Cryptocurrency Market update: Bitcoin and Ethereum remain trapped in a tight, rangebound grind as digital assets decouple from the record-breaking rally seen in traditional US equities. While the tech-heavy Nasdaq surges on Strait of Hormuz peace headlines, explore our technical outlook to see if BTC’s consolidation around the $76,000 handle is signalling a localized top or a launching pad for a delayed catch-up rally.
26-05-2026 20:58 GMT by Elior Manier
CryptoBitcoin_Gold_Black_Coins
Cryptos pulled back but sentiment rebounds, Opportunity? – BTC and Ethereum (ETH) Technical Outlook
Cryptocurrency Market update: Bitcoin pulls back from the monumental $80,000 psychological milestone, temporarily decoupling from the explosive risk-on rally seen in traditional US equities. As digital assets lag behind the tech-heavy Nasdaq following the latest US-Iran peace draft, explore our in-depth technical analysis of BTC and Ethereum (ETH) to determine if this consolidation is a bull trap or a discounted buying opportunity.
21-05-2026 21:06 GMT by Elior Manier
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Top commodities news and analysis

OrganisationOPEC_Oil_Production
Chart alert: WTI crude is entrenched in a minor downtrend below 20-day and 50-day moving averages
WTI crude oil prices remain under pressure after a sharp May selloff driven by improving US-Iran ceasefire negotiations and easing geopolitical tensions around the Strait of Hormuz. WTI has turned into the worst-performing major asset class in May 2026, with technical indicators pointing to continued near-term weakness. Price action remains trapped below the 20-day and 50-day moving averages within a descending channel, exposing further downside risks toward key support levels.
29-05-2026 10:24 GMT by Kelvin Wong
Semiconductors_Machine_Electrical
Asia open: S&P 500 nabs records on US - Iran ceasefire extension amid Hot PCE inflation shock
The S&P 500 and Nasdaq reached fresh record highs after the US and Iran extended their ceasefire agreement, improving global risk sentiment and easing energy market tensions. However, hotter-than-expected US core PCE inflation at 3.3% y/y reinforced expectations for prolonged restrictive Federal Reserve policy. Meanwhile, the AI infrastructure boom continued to dominate markets as major technology firms delivered strong earnings and funding milestones.
29-05-2026 04:03 GMT by Kelvin Wong
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Central banks news

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