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The S&P 500 tested 7,500, WTI crude held near $70, gold defended $4,000, and Bitcoin remained under pressure as traders watched key technical levels.
Global markets traded mixed on Tuesday as investors focused on key technical levels across equities, commodities, cryptocurrencies, and currencies.
The S&P 500 climbed to test the 7,500 resistance level, with analysts saying a breakout could open the door toward 7,600, while the 50-day EMA at 7,353 continues to provide support.
The Nasdaq 100 also advanced above the 30,000 mark as investors continued buying technology stocks despite higher US Treasury yields. Analysts see 31,000 as the next key resistance.
In commodities, WTI crude oil hovered around the key $70 support level as traders assessed improving geopolitical conditions following the Iran conflict. Analysts expect the market to remain range-bound through the summer, with the 200-day EMA acting as resistance. While prices have stabilized, supply risks could still support oil if fresh disruptions emerge.
Gold rebounded after defending the crucial $4,000 support level. Resistance is seen near $4,100 and $4,200, while a break below $3,900 could trigger deeper losses. Silver also recovered above $60, although a stronger US dollar continues to limit upside.
In the currency market, AUD/USD tested its 200-day EMA near 0.6950, with a break above 0.7000 likely to strengthen bullish momentum. Meanwhile, EUR/USD recovered from early losses but remained below 1.1500, with traders continuing to favor selling rallies.
Bitcoin remained under pressure after failing to hold gains above $59,000, with support emerging around $58,200. Analysts said a stronger US dollar and cautious institutional sentiment continue to weigh on the cryptocurrency.
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This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Jul 01, 2026