Commodities & Indices Technical Analysis | Gold, Oil & USTEC

Technical Analysis of Commodities & Indices

Technical Analysis Report (October 6, 2026):

Gold chart on the hourly time frame:

Gold remains cautiously bearish after failing to hold above recent resistance levels, with price trading near 4130. Moving averages are turning lower, while MACD shows weakening bullish momentum.

Trend: Cautiously bearish
Support: 4130 – 4100
Resistance: 4175 – 4220

Technical outlook:
Holding below 4175 keeps downside pressure in place, with 4100 as the next support. A break above 4175 could support a rebound toward 4220.
 

Silver chart on the hourly time frame:

Silver is moving sideways with a bearish bias, trading near 60.65 as bullish momentum fades. Price remains below the short-term moving averages, while MACD shows signs of weakening momentum.

Trend: Sideways with a bearish bias
Support: 60.00 – 59.50
Resistance: 61.90 – 63.05

Technical outlook:
A break below 60.00 could expose 59.50, while a move above 61.90 may restore bullish momentum toward 63.05.



Oil Chart on the Hourly Time Frame:

Oil remains bearish, trading near 88.00 and below its moving averages. MACD continues to reflect weak momentum, supporting the possibility of further downside.

Trend: Bearish
Support: 88.00 – 87.50
Resistance: 90.00 – 92.70

Technical outlook:
A break below 88.00 could push oil toward 87.50, while a move above 90.00 may support a rebound toward 92.70.
 

USTEC chart on the hourly time frame:

The index remains strongly bullish, reaching new highs while trading above its moving averages. MACD shows improving positive momentum, supporting further upside as long as key support levels hold.

Trend: Bullish
Support: 31,070 – 30,770
Resistance: 31,200 – 31,300

Technical outlook:
Holding above 31,070 supports further gains toward 31,200 and 31,300. A break below 30,770 could trigger a deeper correction.




Dow Jones Index chart on the hourly time frame:

The index remains bullish, with price holding above the moving averages and MACD showing improving positive momentum. The index is approaching a key resistance zone, which could trigger some volatility.

Trend: Bullish
Support: 51,350 – 51,075
Resistance: 51,640 – 51,920

Technical outlook:
A break above 51,640 could extend gains toward 51,920, while a move below 51,350 may expose 51,075.