2025/01/17
Daily 4XSetUps - No Big Price Action Moves In UKOIL Into Weekend
“the last major downtrend was bullish overcome on friday last week!
was it a false breakout last week? or does it start now this week?”
The U.S. economy is the undisputed powerhouse of them all - when it comes to the stock markets (all around the world). Nothing shows it better than the $170 trillion net worth of the U.S. private sector, and the fact that the market capitalization of U.S. equities is greater than the sum of all other global equity markets' market cap worldwide. Scott Grannis impressively analyzed this at the beginning of December 2024 already. And published on his blog: "The U.S. is the King of Net Worth" And confirms my assumption that it is currently best to stay out of the US stock market. And in the conservative dynamic trading account only stay long in
US01Y (fixed-interest security from 2024/03/04) and/or also 
UKOIL (how? as you see below)! Because the stock market is historically simply too expensive - which is also shown by the S&P 500 Mean Reversion Model. Because in this case, the broad US stock market is not just overbought. No - even Strongly Overvalued! "As of September 30, 2024, the S&P500 is currently trading 71% above its modern-era historical trend value, (about 2.0 standard deviations), indicating that the market is Strongly Overvalued." “Great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”
Ray Dalio
$92.14 : 2024/04/12 - Annual High 2024
$87.92 : 2024/07/05 - 1st Highest High After AH 2024
$82.35 : 2024/08/12 - 2nd Highest High After AH 2024
$81.12 : 2024/10/07 - Bullish Intraday High +3.89%
$80.98 : 2025/01/17 - last price action
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
$76.08 : 2024/11/05 - November 2024 High
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
$69.95 : 2024/10/01 - October 2024 Low
$68.71 : 2024/09/10 - Annual Low 2024
These are the most important price actions for
UKOIL . Which may not be necessarily relevant in everyday life, i.e. in day-to-day business this week? But in any case, if new news should move UKOIL bullishly upwards or bearishly downwards, you should always keep it in mind! Because this week, on Wednesday, the 15th January 2025, the EIA inventory report paints a mixed picture. While crude oil inventories did decline, the extent of withdrawals varied significantly from various forecasts, falling short of some forecasts while exceeding others. Furthermore, the withdrawal was lower than that reported by the API. Meanwhile, refined product inventories saw a build-up, with distillate inventories rising sharply against some expectations of a decline. So the price action on Wednesday is not surprising, with the respective weekly low at $79.59 and/or weekly high with $82.58. However, the most important price action areas of today and/or this week was the last dominant downside trend of UKOIL - because of Friday, the 10th january 2025 we bulls broked bullish up. And not only that, we bulls started this week with a pretty little bullish GAP between $79.75 and/or $80.43. While right now the price action is at $80.98. So the price action currently, at lunchtime (here in Central Europe), looks like in the chart that traders and/or investors are saying goodbye with maybe (not) a week's low in the UKOIL price action!? Possibly profit-taking?!“The $81.12 price action zone is at least as important. If this should be skipped and/or defended, then the medium-term trend reversal formation would be completed in a bullish manner. Which is what this long UKOIL 4XSetUp was aimed at - admittedly not so quickly and highly expected. So price action drops of $1 to $2 on one trading day should not be unexpected. Nevertheless, the current scenario - i.e. a price action above $75 up to $81.12 - can be assessed as a medium-term sideways trend. Only a price action above $81.12 completes the mid-term breakout. And that can happen in February 2025 also. From this pov (point of view) we bulls have time. Therefore, the focus this week is on defending the downward trend between $78.44 and/or even $78.08. Because should we go into the weekend above $78.08 on Friday, January 17, 2025, in the longer term - until, for example, the end of June 2025 (end of Q2 2025) - the entire big picture in
UKOIL is still bullish. Yes, even over $75.”, which I wrote at the beginning of the week already. So let us wait and see what happens with the price action in UKOIL next week! Because on next Monday, the 20th January 2025 Donald Trump will be re-sworn in as the 47th US President.------------------------------------------------
$88.00 : 2025/06/30 - Target Price
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$80.98 : 2025/01/17 - last price action
$76.19 : 2025/01/06 - Entry Price
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.