Crude Oil

The DAX continues to recover from last week's sell-off, supported by easing energy concerns and improving short-term momentum. While buyers have regained control of the four-hour trend, the index is now approaching a critical resistance zone between 25,450 and 25,600. A decisive break higher would strengthen the bullish case and open the door toward 25,800, while failure at resistance could quickly revive downside pressure.

U.S. stocks are subdued on Monday as investors weigh oil prices and geopolitical developments, while looking cautiously ahead to Q3 bank earnings and inflation data later in the week.

Oil weighs up Russia developments against Middle Eastern tensions. EUR/USD struggles around 1.12 with US and EZ inflation data this week.

The DAX started the week on a firmer footing as lower oil prices and hopes of an energy ceasefire between Russia and Ukraine improved market sentiment. However, geopolitical risks remain elevated as ongoing tensions in the Middle East continue to threaten global energy supplies. From a technical perspective, the index remains in a corrective phase and must reclaim the 25,500–25,620 zone to strengthen the bullish case.

U.S. stocks are rising on Friday as oil prices ease on signs of reduced Middle East supply risks, although the telecom sector remains under pressure following SpaceX’s acquisition deal.

Markets went from risk off to risk on yesterday afternoon and we have since kicked on with some follow-up buying of stocks, gold and silver, while the dollar has also shown signs of weakness. Risk appetite turned positive after bond yields and oil prices both retreated yesterday.

The global equity markets remain under pressure and with oil surging higher again this week, we have even more reason to remain cautious. Already, the S&P and Nasdaq were running support from only a handful of hyperscalers and AI stocks. But even these indices have started to take notice of the deteriorating market breadth and global indices. Still, for me, the ongoing weakness is becoming more evident in the Dow and the small-cap Russell 2000 indices, and as such I will continuing watching these markets closely to provide a more accurate signal about the health of the stock markets.

U.S. stocks are set to open lower, with the Dow Jones leading the move south as U.S. oil prices jump 5% and Treasury yields rise, stoking inflation concerns.

Brent’s recovery above $100 is reinforcing inflation concerns and pressure on bond yields. Depleted inventories could limit oil’s downside even if a US-Iran deal emerges.

U.S. stocks point to a weaker open after reaching record highs in the previous session. Rising oil prices and elevated Treasury yields are making investors more cautious as they look ahead to the minutes from the September FOMC meeting.

U.S. stocks are opening higher, with the S&P 500 briefly hitting an all-time high amid optimism surrounding AI trade and hopes of strong corporate earnings, boosting tech stocks. At the same time, oil prices are falling, pulling Treasury yields lower.

The DAX has recovered sharply from its September correction, climbing back above 25,000 after successfully holding long-term support near the 200-day moving average. While the broader bull trend remains intact, the index is now approaching one of the most important technical resistance zones on the chart. A break above 25,500–25,600 would strengthen the bullish case and open the door toward 26,000 and eventually the August record high. Failure at this level would suggest the recent move remains a corrective rebound rather than the start of a new leg higher.