January 13 Tech Outlook for the Four Major Markets: USD/JPY reaches new highs, Gold futures build momentum, Crude oil breaks through resistance, Tech stocks lead the rally

MoonlightGamer · 2026-01-15T13:11:54+00:00

The current market is affected by the Iran situation. Although uncertainties exist, the US stock market remains resilient, especially driven by technology stocks and Walmart, leading to an overall upward trend. The US dollar may face downward pressure, with today's December CPI data being the focus. USD/JPY continues to rise, targeting 160-165; gold futures have a rebound potential between 4600-4730; WTI crude oil is aiming for $61.5; the key support level for the Nasdaq 100 index is at 25,250 points.

MoonlightGamer

2026-01-15 13:11:54

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Market Background and Risk Assessment

The current market focus is on the evolving situation in Iran, while new developments are emerging in the regulatory sector. Despite uncertainties, U.S. stocks performed strongly overnight—driven by the strength of technology stocks and retail leader Walmart—leading to a broad-based rally, with overall risk levels remaining manageable. The Federal Reserve’s easing cycle remains the main theme, and the US dollar faces downward pressure. Today’s US December CPI data will be a key focus; market expectations suggest that if the data declines, it will further stimulate risk assets to rise.

USD/JPY: Breaking through 158 level, targeting the 160-165 range

On Tuesday morning, USD/JPY continued its rally, reaching 158.92, the highest in nearly a year. After stabilizing above 157.0, the overall trend remains upward momentum, and this rally is expected to continue until February.

If it holds steady above 158.0, there is potential challenge towards 160.0 and even 165.0. The medium-term focus remains on the 157.0 level.

Technical Parameters

Support: 157.0, 155.0, 153.0
Resistance: 160.0, 162.0, 165.0

Gold Futures Price Builds Momentum: Reached 4630 then Pullback, Optimistic on 4600-4730 Range

Gold futures rose 1.97% on January 12, hitting a high of 4630.2 USD before pulling back. Notably, gold has gained six days of consecutive gains over the past seven trading days, indicating a strong bullish sentiment. The bullish outlook remains unchanged.

If gold futures can stay above 4500 USD, there is a chance for further rebound testing 4600 USD and even 4730 USD. January 23 is an important observation point.

Technical Parameters

Support: 4500, 4400, 4300
Resistance: 4600, 4730, 5000

WTI Crude Oil: Three-day rally approaching breakout, targeting 61.5 USD

WTI crude oil rose 1.8% on Monday, reaching a high of 59.91 USD, close to the round number of 60 USD. The AO indicator shows continued accumulation of bullish energy, and technical improvements after breaking through 59.0 support suggest the rebound momentum may continue.

After breaking 60 USD, oil is likely to further rise to test 61.5 USD and possibly 64 USD. Conversely, if it falls below 58.5 USD, there is a risk of returning to a medium-term downtrend.

Technical Parameters

Support: 58.5, 57.0, 56.5
Resistance: 60.0, 61.5, 64.0

Nasdaq 100: 25250 points as key support, tech stocks continue upward

Nasdaq 100 rose slightly by 0.07% on Monday, reaching a high of 25877.9 USD intraday. The index remains in an upward cycle initiated on November 21, 2024, with the overall trend expected to continue oscillating higher. Investors should remain patient.

As long as it stays above 25250 points, the index is likely to further challenge the 27630 level. To change the upward pattern, a first break below 23840 support is needed.

Technical Parameters

Support: 25250, 24700, 23840
Resistance: 26000, 27000, 27630

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