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SPX/USD (S&P 500) – Uptrend Intact, Cooling Momentum

Key Highlights

• Index holds near record territory
• Risk sentiment remains constructive
• Momentum easing after strong rally
• Buyers still control broader structure

Market Overview
The S&P 500 continues to trade near record highs as markets absorb geopolitical developments without meaningful risk aversion. While upside momentum has slowed, the broader trend remains positive.

Technical Outlook (H4)

• Stochastic turning down from overbought
• Price above 20-period MA
• Trend intact, momentum cooling

Key Levels
Resistance: 6944.27; 6982.22
Support: 6881.43; 6847.05

Fremora Takeaway
As long as 6881 holds, the uptrend remains valid. A break above 6944 would reopen upside momentum, while failure could trigger a controlled pullback.

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WTI (USO/USD) – Rebound Losing Steam

Key Highlights

• Recent rebound shows signs of fatigue
• Price struggles to extend gains
• Supply concerns still dominate outlook
• Momentum beginning to fade

Market Overview
WTI trades slightly lower after failing to extend its recent rebound. While geopolitical headlines offer temporary support, broader supply dynamics continue to cap upside momentum.

Technical Outlook (H4)

• Stochastic rolling over from overbought
• Price above 20-period MA
• Bounce losing strength

Key Levels
Resistance: 58.50; 59.26
Support: 57.17; 56.41

Fremora Takeaway
WTI remains supported above 57.17, but upside looks limited unless 58.50 breaks. Failure to hold support could expose a pullback toward 56.41.