Nasdaq Rebounds as Oil Retreats and Ethereum Targets $2,150

Risk appetite improved on July 27 as equity markets rebounded and oil retreated. The Nasdaq cash index has important support at 27,900-28,000, which could be crucial for its recovery.

Copper remains constructive above 6.30, but natural gas risks falling toward 2.50. Ethereum is targeting 2,140-2,150 after defending 1,963.

The market began the week with a stronger tone in equities and renewed pressure on energy prices as concerns surrounding the Middle East eased.