2025/01/16
Daily 4XSetUps - Bulls Defended UKOIL Price Action Terrain Today
“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?”
$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%
$81.34 : 2025/01/16 - 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!“Systemize your decision making.”
Ray Dalio
“Why isn’t the price of oil falling because of Joe Biden’s peace agreement?” my friend, an analyst at a cfd online brokerhouse, asked me today. "I don't know!" I answered him. But I assume that no non-US Democrat will give Joe Biden credit for the peace agreement. Not even Theran. Of course I don't know! Just assume it - and use it as a hypothesis to be able to read, analyze and evaluate all the news (in our case about the oil price action) correctly! And/Or also to admit afterwards: "I was wrong - with this long UKOIL 4XSetUp!" But that's not the point, am I wrong!? And the market righ?! A lesson that I learned the hard way - no - it depends on reading, analyzing and/or evaluating news (especially the price of oil) to set priorities as to which news could move the price action (even verifying the hypothesis) - which news does not move the the price action (even falsifying the hypothesis). That's why I assume that all professional traders and/or investors are not paying much attention to the peace agreement - including me! What? Do you want to test me? Who should get the credit? Trump and his (inter)national political friends, of course!
The organization currently has eleven states: Algeria, Equatorial Guinea, Iran, Iraq, the Republic of Congo, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela. Gabon and Indonesia withdrew at the end of 2016; Qatar left OPEC in January 2019, Ecuador at the end of January 2020, Angola in December 2023. That's why, in the case of the oil price price action, it is always best to assume that either OPEC and/or also the USA move the oil price action indirectly as newsmakers with their policies - formally legally legal (not a conspiracy theory, of course!). Because they are the largest producers and/or brokers too, in this industry!
Be that as it may, back - from the large, detailed, clear view - to everyday life, to the daily price action in
UKOIL . Let's break down our long UKOIL 4XSetUp. And the price action is more bullish as i thought originally. Because although we had to record -1% in the price action today, we bulls were able to defend the bullish GAP from the start of the week - large traders and/or investors were able to defend the bullish GAP. Not that any of my readers imagine that I can do that - let alone you. No - when I talk about us in relation to 4XSetUps, I of course always mean all financial market participants who are also long or short in the respective price action. As in the case of UKOIL . Because in the last two hours it seems that we may have already traded the daily lows!? And maybe the price action will move bullishly back towards yesterday's daily high?! And if not - as long as the bullish GAP should hold? Everything's okay for this week!$82.52 : 2025/01/15 - Yesterday High
$82.26 : 2025/01/16 - Todays High
$81.34 : 2025/01/16 - last price action
$80.43 : 2025/01/12 - This Weekend Opening
$80.35 : 2025/01/16 - Todays Low
$79.95 : 2025/01/10 - Last Weekend Closing
$79.59 : 2025/01/15 - Yesterday Low
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$88.00 : 2025/06/30 - Target Price
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$81.34 : 2025/01/16 - 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.