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Crude Oil

Weekly Market Forecast Mar 3-7: Stock Indices, Gold, Oil, moreThis is a FUTURES market outlook for the week of Mar 3-7th. In this video, we will analyze the following futures markets: ES | S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC | Gold SIL | Silver PL | Platinum HG | Copper The indices took a bearish turn at the end of last week. Trump announcements, tariffs, Ukraine and Russia injected uncertainty into the markets, and investors moved money into safe havens. Patience is required to trade in this environment. Wait until there are clear signs of shifts in the market before deciding on a bias. Setup confirmations are always the best course of action. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:ES1!
by RT_Money
2
USOIL WTI The price was in a downward trend, moving within a descending channel. A breakout from this channel indicates potential trend reversal or correction. Consolidation Zone Identified: The price is currently in a consolidation phase (marked in orange). A breakout above this zone could confirm bullish momentum, while rejection could push it lower. Key Resistance Levels for Upside Targets: If the price breaks above the consolidation zone, it could rally toward 71.246 and 72.103 as potential resistance levels. Green arrows indicate bullish breakout targets. Key Support Levels for Bearish Move: If the price fails to break above the consolidation zone, A further breakdown below this support level could push the price toward 68.400 and 66.888, the next major support. Conclusion: The next major move will depend on how price reacts to the consolidation zone. A breakout above could lead to bullish targets, while failure could send prices lower toward the next major support. Traders should watch for confirmation before entering trades. 🚀📉
FX:USOIL
by Pipsview_Analysis
Monthly, Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher, finding support at the lower Bollinger Band on the weekly chart. Due to the sharp decline last week, the 20,500 to 20,300 range was a technical rebound zone. On the monthly chart, February closed with a bearish candle, bringing the index below the 5-day moving average and forming a range with the 10-day MA. For March, the 3-day and 5-day moving averages will act as resistance, while the 10-day MA serves as support. Since the monthly MACD is still above the signal line, even if corrections occur this month, rebound potential remains, meaning traders should be cautious about chasing shorts aggressively. On the weekly chart, the Nasdaq fell below the 20-week MA, accelerating the sell-off. The MACD continues to slope downward, keeping further downside potential open, but since the signal line is still above zero, the index may consolidate between the 3-week and 5-week moving averages, making a range-bound strategy effective this week. On the daily chart, both MACD and the signal line have dropped below zero, confirming a bearish market structure. The 21,000 level was broken decisively with a large bearish candle, meaning that if price struggles to reclaim this level, further downside toward the 240-day moving average is possible. If the Nasdaq falls to the 240-day MA, traders should prepare for a potential technical bounce, as historically, this level has provided support. Reviewing moving average dynamics could be helpful for understanding this scenario. On the 240-minute chart, Friday’s low produced a strong rebound, making the MACD's potential golden cross a key signal to watch. As long as the recent lows hold, buying opportunities may exist, but since the signal line remains far above zero, selling pressure may persist on any rallies. Traders should avoid chasing long positions and focus on range trading. This week, traders should keep an eye on China’s National People's Congress (NPC) on Tuesday and the U.S. Employment Report on Friday, as both events could increase market volatility later in the week. Crude Oil Crude oil closed lower within a narrow range, continuing its sideways movement. On the monthly chart, February closed with a bearish candle, causing the MACD to turn downward while still maintaining a range-bound structure. Although the MACD and signal line remain above zero, buyers are still attempting to hold support within this range. For now, oil should be traded as a large range-bound market. On the weekly chart, last week’s doji candle suggests indecision, and this week, the MACD has crossed below the signal line, triggering a sell signal. However, since a weekly close is needed to confirm this, the possibility of a trend reversal remains open. If oil continues lower this week, the sell signal will be fully confirmed, but if price rebounds, last week’s doji candle could mark a reversal point. Key bullish catalysts include Trump’s potential tariffs on Canada and Mexico, as well as the possibility of stricter oil sanctions on Venezuela. Meanwhile, bearish factors include economic slowdown fears reducing oil demand. On the daily chart, breaking above $70 remains the key bullish trigger, but since the MACD has yet to form a golden cross, confirming an end to the downtrend is premature. On the 240-minute chart, the MACD has formed a golden cross, indicating a potential recovery after a pullback. For now, traders should buy dips cautiously, but breaking above $70 remains the key factor for further upside confirmation. Gold Gold closed sharply lower, forming a large bearish candle. On the daily chart, gold has fallen from previous highs to the lower Bollinger Band, meaning that additional downside (overshooting below support) remains possible. On the monthly chart, gold formed a doji candle, indicating uncertainty. If gold found support at the 3-day MA last month, this month, traders should watch for support at the 5-day MA, as it could provide a buying opportunity on pullbacks. On the weekly chart, gold has fallen to the 5-week MA, meaning that it has entered a range-bound structure. Since the lower support levels are still open, traders should avoid chasing long positions at highs and focus on buying lower. The U.S. Employment Report is due on Friday, which could increase volatility for gold. On the daily chart, while the MACD is declining, the signal line remains well above zero, meaning that even if prices fall, rebound attempts are likely. On the 240-minute chart, further downside toward the 240-day moving average remains possible, but traders should watch for bottoming signals and potential support. If the MACD forms a golden cross, a strong rebound could follow, so monitoring short-term momentum shifts will be key. February marked a transition to a range-bound market after an extended uptrend, suggesting that March could be a period of consolidation or further downside extension. Geopolitical risks have increased since Trump took office, and market volatility is rising due to key global events. Traders should focus on risk management and avoid overexposure. Wishing you a successful start to March! 🚀 If you like detailed this analysis and today's strategy, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Market Analysis: Oil Price Eyes RecoveryMarket Analysis: Oil Price Eyes Recovery Crude oil price is recovering and it could climb further higher toward the $71.80 resistance. Important Takeaways for Oil Price Analysis Today - Crude oil prices are moving higher above the $68.90 resistance zone. - There is a connecting bullish trend line forming with support at $69.50 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent increase against the US Dollar. The price gained bullish momentum after it broke the $68.90 resistance. The bulls pushed the price above the 50-hour simple moving average and the RSI climbed toward 65. There was a clear move above the 50% Fib retracement level of the downward move from the $71.12 swing high to the $68.24 low. Immediate resistance is near the $70.45 level. It is close to the 76.4% Fib retracement level of the downward move from the $71.12 swing high to the $68.24 low. If the price climbs further higher, it could face resistance near $71.10. The next major resistance is near the $71.80 level. Any more gains might send the price toward the $72.50 level. Conversely, the price might correct gains and test the $69.50 support. There is also a connecting bullish trend line forming with support at $69.50 and the 50-hour simple moving average. The next major support on the WTI crude oil chart is near the $68.90 level. If there is a downside break, the price might decline toward $68.25. Any more losses may perhaps open the doors for a move toward the $66.50 support zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Crude Oil - The Manipulation of Trend LinesIn this example on Crude Oil I give some insight into how trendlines and traditional support & resistance theories may be used by "smart money" for the purposes of facilitating their positions via inducing liquidity. Basically, trendlines are drawn along the highs or lows of price movements and help to identify the direction and strength of a trend. They serve as visual guidelines for traders, highlighting potential turning points or continuation patterns. Support and resistance levels are areas where the price historically finds a floor or ceiling, leading many market participants to place their entry and exit orders around these zones. Because these levels are based on historical price action, they hold significant psychological value among retail traders. The Mechanism of Liquidity Manipulation Liquidity Pools and Stop Loss Clusters: Retail traders often cluster their stop losses near prominent support or resistance levels. Smart money is aware of these liquidity pools and can engineer price moves to trigger these stops. For example, by intentionally nudging the price through a known support level, institutional players can trigger a cascade of stop-loss orders. This “stop run” injects a burst of liquidity into the market, which can then be absorbed as positions are liquidated at less favorable prices for retail traders. False Breakouts and Reversals: Another common tactic involves creating false breakouts. A price move that breaks above a resistance level (or below a support level) might initially appear to signal a new trend. However, smart money can deliberately drive prices just past these technical barriers to trigger stop-loss orders and entry orders. Once sufficient liquidity is collected from the triggered orders, they may reverse the move. This reversal traps traders who anticipated a sustained breakout, leaving them with positions that quickly turn against them. Exploiting Herd Behavior and Market Sentiment: The widespread reliance on technical analysis means that many traders have similar expectations about where price will reverse or accelerate. This collective mindset, or herd behavior, creates predictable zones of liquidity. Smart money can capitalize on these self-fulfilling prophecies by anticipating the mass reaction around key trendlines and support/resistance levels. They use this insight to position themselves ahead of the crowd, executing large trades that move the market in their favor. Strategic Benefits for Smart Money By manipulating these common technical levels, smart money participants can: Maximize Efficiency: Accumulate or distribute large positions with minimal market impact by tapping into pre-existing liquidity pools. Control Market Direction: Influence short-term price movements to create advantageous conditions for larger trades. Enhance Risk-Reward Profiles: Trigger stop losses at critical junctures, effectively reducing their own risk while capitalizing on forced exits from retail traders. Conclusion While trendlines and support/resistance are invaluable tools for assessing market structure and potential price movements, they also serve as instruments for liquidity manipulation by experienced market participants. The predictable nature of stop-loss placements and entry orders around these levels creates opportunities for smart money to trigger cascades of orders, generating liquidity in their favor. As a result, retail traders must be aware of these dynamics and consider them when planning their trades, acknowledging that what appears to be a genuine breakout may, in fact, be a carefully orchestrated move to capture liquidity. This nuanced understanding highlights the double-edged nature of technical analysis tools in modern trading. By appreciating both their utility and potential for manipulation, traders can better navigate the complex interplay between market psychology and institutional strategy.
TVC:USOIL
by Road_2_Funded
1
BRENT weaker after inventories and tariffs expectationsThe BRENT Crude (Brent Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7444, 13th and 24th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7444 level could target the downside support at 7245 followed by 7134 and 7050levels over the longer timeframe. Alternatively, a confirmed breakout above 7444 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7530 resistance followed by 7640 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
WTI Crude Oil CL Futures Weekly Plan AnalysisNYMEX:CL1! In this tradingview blog, we will refer to our February 18, 2025 weekly trade plan for NYMEX WTI CL futures . Last week, we outlined two potential scenarios, with our primary scenario playing out—though not exactly as expected. Prices reversed lower more sharply than anticipated, offering minimal pullbacks on the 4-hour timeframe. However, when analyzing the hourly chart, our plan aligned well, as prices ultimately reverted to key LIS/yearly open bull support, which also confluences with the 2025 VAL. We highlighted the following key levels: 2025 mcVPOC: 72.82 Feb 2025 mcVAH: 72.48 2025 mcVAL: 70.56 Yearly Open/ LIS: 70.52 Key Bull Support/ Confluence Zone: 70.52 - 70.12 Scenario 1 stated “Range bound week ahead.” We noted the following: “In this scenario we expect range bound price action contained within Feb 2025 micro composite Value Area.” Consistency is key in everything we do. We are creatures of habit. Energy flows where attention goes. We provide these weekly plans to traders and the wider public to showcase that, instead of strategy hopping, a trader can achieve consistency by sticking to one approach. If that approach is not working, perhaps it is time to go back to the drawing board. Whether that be backtesting, walk-forward optimization or incorporating key market statistics that you have gathered and observed. The goal of these weekly plans is to provide you with a structured roadmap that you can adapt to your own trading style. In our experience, while there are many ways to approach the market—whether through different indicators or methods for drawing levels and plans—staying consistent in your approach often leads to identifying similar key levels. Volume, price and time leave behind footprints. Although they do not provide a certain future, they can help you stay grounded, accepting the random nature of the markets, thinking in terms of probabilities and perhaps learning more so you can also gain similar insights. As Bruce Lee said, “I do not fear a man who practiced different kicks a thousand times. I would fear a man who practiced the same kick a thousand times.”
NYMEX:CL1!
by EdgeClear
Go long crude oilDear Traders, Currently, crude oil continues its downward trend, though the pace of its decline has moderated, showing signs of bottoming out. Moreover, oil has now pulled back to the critical support zone around the 68 level. Should oil fail to decisively break below this support, a technical rebound could occur at any moment. Additionally, with oil’s relatively low valuation, it becomes increasingly attractive in the market. For short-term trades, I favor initiating long positions on crude oil, with an initial target of a rebound toward the 69.5-70.5 zone, which seems well within reach.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
TVC:USOILLong
by Trader_Marvin
US Oil Market Outlook: Bearish Momentum Indicate Further DeclineThe 4-hour chart of WTI Crude Oil (TVC: USOIL) reveals a well-defined market structure transition from bullish to bearish. Initially, the price action exhibited a strong uptrend, characterized by the formation of higher highs (HH) and higher lows (HL). However, a break of structure (BOS) marked the onset of a reversal, leading to the emergence of lower highs (LH) and lower lows (LL), confirming the shift to a downtrend. A key technical observation is the presence of a price gap near the highest point, which often signifies inefficiency in the market and the potential for price retracements in the future. Furthermore, the highlighted resistance zone around the $72.49–$73.50 range has proven to be a strong supply area, repeatedly rejecting bullish attempts to break above it. This resistance, coupled with price trading below the 50-period and 200-period moving averages, reinforces the bearish bias. The price has now breached the $71.78 level, accelerating downward momentum. The next significant area of interest lies at the identified support level around $69.36, which serves as the primary target area. If selling pressure remains dominant, further declines may be anticipated. Volume analysis further substantiates the bearish outlook, as recent price drops have been accompanied by increased selling activity. The combination of structural shifts, resistance validation, and moving average positioning strongly suggests that the downward trajectory is likely to persist unless the price reclaims and sustains above the resistance zone. Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
TVC:USOILShort
by SOAM_PRO_TRADER
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower, continuing its selling pressure. The index quickly dropped to the lower boundary of a large range, touching the 120-day moving average. The daily MACD has formed a bearish crossover with the signal line, confirming the downtrend, and the index has now reached a potential support zone near previous lows. Yesterday provided a short opportunity at the 5-day moving average, and since there was no meaningful rebound, the gap between price and the 5-day MA has widened significantly. This suggests that a short-term technical bounce could occur based on intraday movements. However, given the strong selling momentum on the daily chart, even if the market consolidates for a few days, further downside remains likely. If considering long positions, strict stop-loss management is essential. On the 240-minute chart, selling pressure continues to dominate, with both the MACD and signal line dropping sharply below the zero line. Comparing this to past price action near 20,763, the current MACD decline is even steeper, meaning that even if a short-term bounce occurs, the MACD is unlikely to recover back above zero easily. Overall, selling into rallies remains the preferred strategy, but traders should watch for intraday bottoming signals, as a bounce toward the 5-day MA is possible. Crude Oil Crude oil closed lower, weighed down by concerns over slowing consumer demand. On the daily chart, the sell signal remained intact, and the break below $70 has now confirmed a potential breakdown. Since $70 had been a key support/resistance level, the break below it suggests further downside risk. Today, a shorting opportunity may arise at the 3-day moving average, in line with technical retracement principles. However, the $66–67 range remains a strong support zone, so traders should monitor whether selling pressure is strong enough to push prices below this area. Since the MACD is turning sharply downward, and price action is forming a large bearish candle, the best strategy remains shorting into rallies near the 3-day MA. On the 240-minute chart, a third bearish wave has developed, leading to an accelerated decline. Aside from potential buying at key support levels on the daily chart, selling into rallies remains the most favorable approach. Given that inventory data will be released today, traders should be cautious of increased volatility. Gold Gold closed sharply lower, forming a large bearish candle as the Consumer Confidence Index fell. Yesterday, gold was at a crossroads between a buy and sell signal, and with this bearish breakout, the sell signal is now confirmed. For now, gold is likely to trade within a broad range, as the daily MACD and signal line remain widely separated from the zero line. This suggests that while further downside is possible, periodic rebounds should also be expected. Since gold has now fallen below the 10-day moving average and reached the 20-day MA, traders should treat the 3-day, 5-day, and 10-day MAs as key resistance levels, while the 20-day, 30-day, and 60-day MAs serve as support levels. On the 240-minute chart, the MACD has dropped below zero, with the signal line following downward. This reinforces a range-bound trading strategy, focusing on buying at major support levels while keeping in mind potential rebounds. By analyzing the daily candles, traders can identify potential future scenarios for Nasdaq, oil, and gold. This is why daily and intraday technical analysis is essential. Additionally, NVIDIA’s earnings report will be released tonight, which could introduce further market volatility. Stay disciplined, manage risk carefully, and have a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!
by Futureguard
WTI Crude Oil (USOIL) – Bearish Momentum Below $70.49 WTI Crude Oil (USOIL) Analysis – February 24, 2025 WTI Crude Oil is currently trading at $70.18, and as long as the price trades below $70.49, the bearish momentum remains dominant. 🔻 Bearish Scenario (Active) ✅ The price failed to reclaim the pivot zone at $71.78, leading to continued selling pressure. ✅ A confirmed break below $70.49 indicates a potential drop toward $68.53 and $67.03 as the next bearish targets. ✅ The monthly support trendline around $67 - $68 will act as a key level to watch for a potential reaction. 🔹 Bullish Reversal (Invalid Unless Above $71.78) ⚠️ If the price closes above $71.78, we could see a potential pullback toward $72.72 and $75.00. ⚠️ However, the trend remains bearish while trading below $70.49, meaning any bullish movements will likely be corrective bounces rather than a full reversal. 📌 Key Levels to Watch 🔹 Resistance Levels: $71.78 | $72.72 | $75.00 🔹 Pivot Zone: $70.49 🔹 Support Levels: $68.53 | $67.03 | $66.20 🚨 Directional Bias: Bearish as long as the price stays below $70.49. Expect further downside pressure toward $68.53 - $67.03.
TVC:USOILShort
by SroshMayi
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower following news that Microsoft is reducing its data center leasing. This week, the weekly chart suggests strong selling pressure, meaning long positions should be approached with caution. On the daily chart, yesterday’s bearish candle confirmed the MACD sell signal, though the signal line remains above the zero line. In a broader context, a potential bounce could occur near key technical levels, including the lower Bollinger Band, 120-day moving average, and previous resistance zones. Two days ago, a large bearish candle formed, and yesterday’s price action provided an opportunity to sell at the 3-day moving average. However, the market failed to test the 3-day MA during pre-market, leading to a false impression that the daily close was rejected at resistance. This illustrates how a daily close can sometimes be misleading, reinforcing the need to plan for alternative scenarios. Since selling was executed at the 3-day MA yesterday, today’s key resistance level shifts to the 5-day moving average. Given the wide gap between price and the 5-day MA, a short-term rebound toward this level is possible. On the 240-minute chart, both the MACD and signal line have moved below the zero line, confirming continued selling pressure. However, since the Nasdaq has now entered a key support zone from a previous range, a short-term bounce toward the 5-day MA is possible. Traders should be cautious with short positions and focus on range-bound strategies rather than chasing downside momentum. Crude Oil Crude oil gapped down but managed to close higher. Despite the ongoing MACD sell signal on the daily chart, oil held above the key $70 support level. This week’s weekly close is critical—if oil can end the week with a bullish candle, it could set the stage for a potential reversal. Holding above $70 remains the key technical factor, as a breakdown below this level would signal further downside. On the daily chart, if the market fails to extend lower and instead rebounds, a MACD double-bottom pattern could develop, reinforcing potential upside momentum. However, since market flows remain mixed, it is best to treat oil as range-bound until a decisive break occurs. On the 240-minute chart, both the MACD and signal line are below the zero line, but price action is attempting a temporary rebound. While selling into rallies remains the preferred approach, traders should be cautious of event-driven volatility, as news developments could trigger sudden moves. The $70 level remains the key downside level to monitor—if it breaks, selling pressure could intensify. Risk management is crucial when taking long positions. Gold Gold briefly made new highs before closing flat within its range. On the daily chart, the buy signal remains intact, but today’s session will be crucial in determining whether gold can sustain its momentum or enter a consolidation phase. The key factor to watch is whether gold finds support at the signal line and continues higher or if a bearish crossover forms, leading to a range-bound correction. On the 240-minute chart, a bullish MACD crossover has occurred, but for the uptrend to be confirmed, a strong breakout candle is needed. Without a significant bullish move, gold risks forming a bearish divergence, meaning that even if price breaks to new highs, the MACD may fail to confirm the move. Since market flows remain mixed, a range-trading approach remains most effective, with a focus on buying at strong support levels and avoiding breakout trades. Traders should remain flexible and manage risk carefully, as both upside and downside scenarios remain open. Looking at VIX futures, a strong buy signal has emerged at the zero level. Historically, VIX buy signals near zero tend to generate large price swings, suggesting that Nasdaq volatility may increase significantly. This increases the likelihood of a sharp correction, making risk management a top priority. Stay disciplined, manage risk carefully, and wishing you a successful trading day! 🚀 If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Long
by Futureguard
Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower as the Consumer Sentiment Index declined. Last Thursday, I mentioned that the weekly chart suggested continued downside potential, and with Friday’s sharp decline, the weekly MACD has once again turned strongly bearish. Since the weekly MACD failed to form a bullish crossover and has now resumed its downward trajectory, this move can be seen as a whipsaw pattern followed by renewed selling pressure. On the daily chart, the Nasdaq has dropped to the 60-day moving average, and the MACD has crossed below the signal line, triggering a sell signal. However, since Friday’s daily candle alone does not fully confirm the sell signal, today’s price action will be key in determining whether the sell signal is fully confirmed. The market decline was primarily driven by concerns over weaker consumer spending, tariff-related inflation expectations, and broader economic uncertainty. Since a large bearish candle has formed on the daily chart, the market should be approached with a sell-biased strategy. Given the strong resistance zones, selling near the 3-day moving average upon any rebound would be an effective approach. On the 240-minute chart, the MACD has dropped sharply, pushing the signal line below the zero level. However, a short-term bounce may occur due to oversold conditions, making it important to watch for early support levels in the pre-market session. A range-bound approach remains favorable in the short term. Crude Oil Crude oil closed lower, pressured by expectations of increased oil supply from Iraq. On the daily chart, a buy signal appeared on Friday, but as mentioned earlier, it was not fully confirmed. Instead, oil closed lower, leading to a failed bullish signal and renewed downward momentum in the MACD. This shift in momentum suggests that selling pressure is increasing, making it more likely that oil will struggle to sustain a bullish breakout. On the weekly chart, the MACD has not yet crossed below the signal line, meaning that some rebound potential remains. However, if oil closes the week with a bearish candle, a weekly sell signal could be triggered. The $70 level remains a key support zone. Until $70 is broken, oil should be treated as range-bound. However, if $70 is breached, downside momentum could accelerate, making a sell-biased strategy more favorable. On the 240-minute chart, the MACD has dropped below the zero line, while the signal line remains above it. This suggests that some support may still exist near $70, but if the signal line also drops below zero, selling pressure could intensify further. Risk management is crucial for long positions in this environment. Gold Gold closed flat, remaining within a range-bound market structure. On the weekly chart, the bullish trend remains intact, but the market is now in a potential correction zone. On the daily chart, the MACD and signal line are nearly converging, making today’s price action critical in determining whether gold will break higher or enter a consolidation phase. On the 240-minute chart, gold is trading sideways at recent highs, reinforcing the range-bound nature of the market. The MACD failed to maintain bullish momentum and has started turning downward, but since it remains above the zero line, even if gold declines, it is likely to bounce back within the range. However, if the 240-minute MACD falls below zero and the signal line follows, this could trigger a sharp correction following the recent rally. Traders should watch this development closely. This week, key events include NVIDIA earnings(Wednesday), U.S. GDP report(Thursday), PCE inflation data(Friday). As the week progresses, market volatility is expected to increase, making risk management a top priority. Wishing you a successful trading week! If you like detailed this analysis and today's strategy, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends? The end of the Ukraine-Russia war will undoubtedly impact major global markets, here’s what we can expect: Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high. Gold Market : Gold, a safe-haven asset, might face a decrease in demand as geopolitical uncertainty fades, but if the end of the war leads to global economic instability, gold could remain a strong choice for investors. Forex Market : The end of the conflict could boost the Euro and USD as stability returns to the market. At the same time, the Russian Ruble might face fluctuations as Russia’s economy adjusts to post-war conditions. Crypto Market : Cryptocurrencies may see mixed reactions—some may retreat as confidence in traditional markets rises, but others could flow in if economic uncertainty continues to prevail globally. 🔮 The war's end could bring hope, but it also presents new challenges for markets worldwide. Stay tuned to see how it all plays out!
CFI:WTIShort
by melikatrader94
5