#brent

The post LIVE: Oil jumps, stocks wobble and Bitcoin holds $81,000 after Trump rejects Iran ceasefire offer appeared on BitcoinEthereumNews.com. Dow futures, S&P 500 futures, and Nasdaq 100 futures all slipped 0.1% after last week’s strong rally. The S&P 500 and Nasdaq Composite just logged their sixth straight winning week, their first such run since 2024. Oil prices jumped more than 2%, with WTI at $97.88 and Brent at $103.93, as Middle East tensions stayed hot. Bitcoin held near $81,000, while XRP, SOL, ETH, and other major tokens traded mixed. Source: https://www.cryptopolitan.com/oil-stocks-bitcoin-hold-trump-iran-ceasefire/

The post Brent: Uptrend intact above key supports – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Kenneth Broux notes Brent is up 4%, trading near $105.2, after carving out an interim low around $96 and repeatedly defending its 50-day moving average. The analysts see the earlier peak at $115 as a key hurdle, with a break higher opening further upside, while a loss of the $102 gap would risk a deeper pullback. Support at 96–102 underpins crude “Brent carved out an interim low near $96 during the last pullback and once again defended the 50-DMA, highlighting a lack of steady downward momentum.” “It has formed an up gap around $102 and is now staging a bounce. The peak reached earlier this month at $115 serves as a short-term hurdle.” “A break above this may trigger a larger upward move. There would be a risk of a deeper pullback if the gap near $102 gives way.” “The ceasefire in the Gulf still holds after the US dismissed the counter-proposal of Iran but the bl