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Crude Oil

Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher on the daily chart. It held above 18,360 at the close, and today’s candle formed a golden cross as the MACD crossed above the Signal line, creating a potential buy signal. However, this signal will only be confirmed if the candle closes as a solid bullish bar, so it's too early to say that a buy confirmation has been established. On the weekly chart, although the index has not yet reclaimed the 5-week MA, it has gapped above it. Overall, the index appears to be forming a box range between the 3-week and 10-week MAs, and if further upside occurs, we could potentially see a move toward the 60-week MA. However, since the MACD and Signal line on the weekly chart are still sloping downward, there's a high possibility of a medium-term pullback even if the index rallies to the 10-week MA. On the daily chart, the index is still meeting resistance at the 20-day MA, and the key point now is whether the MACD completes the golden cross or turns downward again. Since the index has managed to hold above 18,360, the potential for a rebound remains open. Buying during pullbacks near the lower wick remains a favorable strategy. On the 240-minute chart, the MACD is turning upward after finding support at the Signal line, forming a potential third wave of buying. In short-term timeframes, buying on dips remains favorable. This week, the Retail Sales data is scheduled for Wednesday, and the U.S. markets will be closed on Friday. Please keep that in mind for risk management. Crude Oil Crude oil closed higher in a narrow range on the daily chart. On the weekly chart, a long lower wick formed, finishing with a doji candle, suggesting indecision. Last week, oil was rejected at the 3-week MA, forming an upper wick. If it rallies this week, it could target the 5-week MA. The $65 level, near both the 5-week and 240-week MAs, remains a strong resistance zone, making it a potentially favorable area to consider short trades. On the daily chart, oil has entered a box range between the 5-day and 10-day MAs. Though the MACD and Signal line still point downward, oil is currently holding within a supportive range. There is a possibility the MACD could begin to turn upward, so keeping both bullish and bearish scenarios open is advisable. On the 240-minute chart, the MACD is still rising after a golden cross but remains below the zero line, suggesting a potential for another pullback. Overall, monitor intraday movements and continue to trade within the range. Gold Gold closed higher, setting a new all-time high. The weekly chart formed a strong bullish candle, resuming its upward trend. Buying near the 3-week MA remains favorable. As the price has overshot the previous target of $3,216, we’ve now entered an overshooting zone, making it difficult to define the next resistance. Therefore, caution is advised for short positions, and it’s best to focus on buying the dips. On the daily chart, the new all-time high generated a bullish signal, and buying near the 3-day MA is recommended. Gold may enter a sideways consolidation phase while aligning its moving averages. In that case, buying near the 5-day MA may also be considered, but avoid chasing the price higher. The MACD has made another golden cross, and it’s important that the MACD doesn’t create a divergence by failing to surpass its previous peak. Avoid shorts, and stick with buy-the-dip strategies. On the 240-minute chart, buying momentum remains strong. The RSI is in overbought territory, so again, avoid shorting and focus only on buying during pullbacks. Market Outlook Compared to the last two weeks of high volatility, this week is expected to be more subdued. After a period of extreme moves, the market is likely to consolidate and seek direction. Rather than swinging for home runs, it's better to focus on small base hits and steadily build profits. Wishing you a successful trading week! 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
1
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower following news of additional tariffs on China. On the daily chart, the index failed to break above the 20-day moving average and pulled back to the 5-day MA, continuing its box-range movement. Since the 5-day MA is still acting as support, the current trend can still be seen as a sideways consolidation, with 18,500 acting as a central pivot level. The MACD on the daily chart has not yet clearly broken above the Signal line, so it remains uncertain whether it will make a golden cross with additional upward momentum, or turn downward again. Thus, it’s best to adopt a neutral range-bound trading strategy, keeping strict stop-losses on both sides. On the 240-minute chart, both the MACD and Signal line have moved above the zero line, entering a key area to observe whether the third wave of MACD upside begins after this box-range consolidation. Since the current price is correcting after a rebound from a double bottom, and is maintaining the center of the prior bullish candle, buying remains more favorable. Unless the previous day’s low is broken, it’s better to stay buy-biased. Please note that today's PPI data release is scheduled, which may lead to increased volatility around the announcement time. Crude Oil Crude oil closed lower with a large bearish candle. On the daily chart, it failed to hold the 5-day and 10-day moving averages, breaking below the 5-day MA. The MACD continues its downward slope, and unless oil clearly reclaims the 10-day MA, the market will remain bear-biased. There is resistance now at the 3-day and 5-day MAs, so it’s important to see whether further downside unfolds. As previously noted, the $59 level is a key support zone — watch closely for any breakdowns. On the 240-minute chart, the MACD is trending up and pulling the Signal line along, but both remain below the zero line. If oil continues in a box range but the MACD turns downward again and forms a dead cross, there could be another leg lower. For now, continue to focus on buying near the $59 level, and maintain a range-trading approach until further confirmation. Gold Gold closed higher with another strong rally. On the daily chart, the MACD has now crossed above the Signal line, generating a buy signal. However, this signal will only be valid if today’s candle closes as a bullish bar, so watching the daily close is critical. Gold hit new all-time highs during the pre-market session, with the long-awaited 3,216 level, which has been the target since March, now within reach. Beyond this level, we enter the overshooting zone, where it’s difficult to define a precise top. Therefore, it's best to stick to dip-buying strategies, as safe-haven demand continues to surge. Even though the MACD has crossed bullishly, divergence may form if the current MACD fails to exceed the previous peak. Avoid chasing long positions at the top; instead, look for entries during pullbacks. On the 240-minute chart, the MACD has climbed above the zero line, showing a strong one-way bullish trend. RSI across intraday charts is now in overbought territory, so it’s best to avoid short positions entirely for today. Market Sentiment & VIX Looking at the VIX index, the daily candle has once again broken above the 5-day MA, indicating that volatility could expand further at any time. With Trump’s remarks shaking markets, it’s impossible to predict what new developments might emerge over the weekend. Avoid holding overnight positions due to heightened headline risk, and make sure to wrap up this trading week with solid risk management. Wishing you a profitable 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
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
8
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed with a sharp surge following news of a possible delay in Trump’s tariff implementation. A 12% single-day rally on the daily chart is unprecedented — it was an extraordinary rise. On the daily chart, the 20-day moving average is acting as resistance, and to fully fill the April 3rd gap-down, the index would need to rise to around 19,750. If the Nasdaq continues to climb and fills that gap, a potential pullback should be anticipated. Although the MACD has turned sharply upward in a V-shape, it hasn't fully broken above the Signal line yet. Given the rapidly changing global conditions, the possibility of a reversal still exists. However, since the 90-day tariff delay has been confirmed, the market may be entering a phase of relative stability. On the weekly chart, we see a sharp rebound that has brought the index up to the 5-week moving average. Both the Nasdaq and the VIX suggest that today could be a range-bound (sideways) session, so it's better to set wider trading ranges and adopt a box-range trading strategy. On the 240-minute chart, a double bottom pattern has formed, with the MACD bouncing off the Signal line and rising again. The MACD is trending upward, but the Signal line remains below the zero line, which means a short-term pullback could still occur. Overall, it is advisable to use a buy-low, sell-high approach, with more upside potential still open. Also, today’s CPI report is scheduled, so please be mindful of increased volatility around the data release. Crude Oil Crude oil rebounded sharply from the $55 level, showing an impressive 12% range between high and low. However, the sell signal remains active. The price has broken above the 5-day moving average and entered a box range between the 5- and 10-day MAs, suggesting that a moving average-based box strategy would be effective. On the weekly chart, oil has not yet reached the 5-week MA, so there’s still room up to the $65 level, which has historically served as strong resistance. Around that area, it might be more effective to consider short positions. On the 240-minute chart, the MACD showed signs of a third wave down, but failed to make a new low — signaling bullish divergence. A head-and-shoulders inverse pattern may be forming, with the right shoulder potentially developing around the $59–$60 zone. Overall, the strategy should remain range-based, with some more room to the upside. Gold Gold also closed sharply higher, benefiting from the tariff delay news. On the daily chart, the price closed higher, giving the illusion of a support bounce off the lower Bollinger Band, as that band is rising. The MACD remains above the zero line, so there’s still room for a retest of the Signal line, but given the current gap between MACD and Signal, the price needs to either rise further or move sideways to bring the MACD closer and potentially break above the Signal line. If it fails to rise from here, the MACD may turn down again, so avoid chasing the price upward. Like Nasdaq and oil, gold is heavily influenced by global developments, so stay updated on the geopolitical landscape. On the 240-minute chart, gold formed a triple bottom around the 2,980 level and then rebounded strongly. The MACD is trending upward and pulling the Signal line along with it, but resistance around the 3,130 level remains significant. Gold may see increased volatility from today’s CPI report and tomorrow’s PPI release, so stay alert. Market Summary The market has been showing signs of irrational behavior. Investor sentiment is extremely volatile and driven more by emotion than logic. In times like this, it’s more important than ever to stick to the basics, shorten trade duration, cut back on risk, and trade with discipline. The more you chase after gains, the more likely your trades will be swept away by market turbulence. Warren Buffett is considered a legend in the financial markets precisely because he has always stuck to fundamental principles. Likewise, it is crucial to establish and stick to your own trading principles to survive in the markets. If you haven’t yet experienced the kind of volatility we saw during the Trump era or the pandemic, this is a time to be especially cautious and defensive in your approach. Wishing you another day of successful trading 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
CRUDE OIL (WTI): Important Support Clusters to Watch On a today's live stream, we discussed potentially significant historic supports on WTI Crude Oil to watch. Support 1: 57.0 - 59.0 area Support 2: 52.5 - 54.6 area Support 3: 48.8 - 50.4 area Support 4: 40.6 - 43.7 area The price is currently testing a lower boundary of Support 1. It perfectly matches with a completion point of a harmonic ABCD pattern. It looks like we may see some pullback soon. ❤️Please, support my work with like, thank you!❤️
FX:USOILLong
by VasilyTrader
1
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower after forming an upper wick at the 5-day moving average on the daily chart. If it had closed with a bullish candle, a technical rebound from the oversold condition could have opened the way to the 10-day moving average, but instead, it ended with a bearish candle. The daily chart still shows a sell signal, but the best-case scenario would be for the market to form a double bottom pattern after confirming a short-term low and attempt another rise toward the 10-day moving average. On the intraday charts, there's a high probability that the market will show a double bottom during the pre-market session, especially since there's no clear sell reversal on lower timeframes yet. The 240-minute chart shows a golden cross on the MACD, and although a death cross hasn't yet occurred, the large gap between the MACD and the zero line suggests a continued corrective trend. As long as the death cross doesn't materialize, buying on dips near the bottom remains favorable. The 16,500 level is a strong support zone on the monthly, weekly, and daily charts, so shorting is not recommended — better to lean toward long setups. With the FOMC minutes due out early tomorrow and the CPI report on the horizon, volatility is expected to rise as the market attempts to form a bottom. Stick to buying on dips, manage risk carefully, and reduce leverage in this volatile environment. Crude Oil Crude oil closed lower, continuing its recent downtrend on the daily chart. Concerns over a global economic slowdown and increased production from OPEC nations are dampening the upside. Although the sell signal on the daily MACD remains, there's still potential for a short-term rebound toward the 5-day moving average. If trading short, make sure to set a stop-loss, especially near the strong $57 support zone, where shorting is riskier. On the 240-minute chart, the MACD has re-crossed into a death cross, showing signs of a third wave of selling pressure. However, there's still a chance of bullish divergence, so avoid chasing short positions. The $57–$59 support range remains strong, and unless this level breaks, buying on dips offers a more favorable risk-reward ratio. Note that today's U.S. crude inventory report could introduce more volatility, so trade carefully. Gold Gold closed lower with an upper wick on the daily chart. While the price is still above the 0 line on the MACD, if it pulls back to the previous high resistance area, which coincides with the lower Bollinger Band and the 60-day moving average, it may present a good buying opportunity for swing trades. On the weekly chart, gold is still moving within a sideways range, trapped between key moving averages. With the FOMC minutes today and the CPI tomorrow, it's important to monitor whether the price breaks out of this range. The 240-minute chart shows that the MACD has not yet formed a golden cross, and there's still a large gap from the 0 line. If MACD rebounds and then corrects again, it's crucial to check whether a double bottom around the 2,980 area is forming. Overall, gold remains a buy-the-dip candidate, and if the price falls to around the 60-day moving average, it could present a great swing entry. Investor sentiment is reaching extreme levels, and we're witnessing unusually fast and wide price swings. It's hard to rely on daily or weekly charts alone, so it's important to focus on short-term price action and use appropriate leverage for your strategy. The market will always be open. Survival and consistent profitability are what matter most in the long run. Stay disciplined, manage risk carefully, and take a long-term view as a trader. Wishing you another day of successful trading! 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
USOIL CATCHING THE FALLING KNIFE|LONG| ✅CRUDE OIL lost 18% of it's Value in the last 5 days on the Trade war news, which makes The market to expect a recession And a sharp drop in the oil demand However, I still think that Oil Is locally oversold, therefore A local bullish correction is To be expected from the Horizontal support below Around 57.34$ and the Target being the resistance Above around 61.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by ProSignalsFx
1
Buy oil! Target 63-65！Crude oil is currently in a short position overall, and the rebound momentum is relatively weak. However, in the short-term structure, oil has shown obvious signs of stopping the decline, and the support of the 60-59 area below is still valid. After hitting the low point of 58.9, oil began to rebound, and the rebound low gradually shifted upward. At present, oil holds the support near 60, and is expected to build a W-bottom structure in the short-term structure, which is conducive to further rebound of oil prices. Therefore, in terms of short-term trading, you can try to go long on crude oil in the 60.5-59.5 area, and the rebound target will first look at 63, followed by 65 The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
TVC:USOILLong
by Trader_Marvin
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower after experiencing extreme volatility the previous day. Following a gap-down open, the market attempted a bottoming process. However, the spread of fake news related to tariffs triggered a 10% intraday swing, making the Nasdaq trade more like an individual stock than a major index. Massive trading volume occurred due to margin calls from CFDs and hedge funds, and the market showed some signs of recognition around a potential short-term bottom. On the weekly chart, the index rebounded but was resisted at the 3-week moving average. On the daily chart, a doji bullish candlestick with strong volume formed, suggesting the market may attempt another rebound. However, since volatility from the bottom remains significant, if you’re planning to enter long positions, it's best to buy as close to the bottom as possible. If the market continues to form a base, a rebound toward the 5-day or 10-day moving average on the daily chart is possible. On the 240-minute chart, the market is still in a death cross and remains oversold. Still, it's showing signs of forming a base around the 16,500 level, so it's better to avoid chasing short positions during any pullbacks that could form a double bottom. In this oversold environment, a buy-on-dip approach near the lows is favorable for a technical rebound. But since volatility remains high, make sure to set clear stop-loss levels for both long and short trades. Crude Oil Crude oil experienced a gap-down on the daily chart and closed lower after hitting resistance at the 3-day moving average. On both the daily and weekly charts, the $57–$59 zone appears to be a short-term support level. If the price dips into this zone, it may offer a buying opportunity. Yesterday’s candle was resisted at the 3-day line, so if a bottoming pattern forms today, a rebound toward the 5-day moving average could be anticipated. However, since the MACD has just issued a sell signal near the zero line, it's better to treat any long positions as short-term trades. On the 240-minute chart, the sell signal is still valid, and the market remains in oversold territory. Watching for a potential double bottom formation before entering long positions is recommended. That said, if market sentiment continues to accept economic recession as a given, oil prices could keep falling. There's also the risk of a one-way downward move, so if you're going long, ensure tight stop-loss levels are in place. Gold Gold saw sharp volatility and closed lower after being rejected at the 5-day moving average. Due to the weaker dollar from U.S. tariff announcements, the attractiveness of gold has diminished in the short term. On the weekly chart, gold is still forming a range-bound movement near the 10-week moving average, with support appearing near the $2,975 level. On the daily chart, the lower Bollinger Band and the 60-day moving average are rising and beginning to converge. These overlapping indicators could form a strong support zone, so if the price drops into this area, it may present a good opportunity to buy the dip. On the 240-minute chart, the MACD and signal lines have both dropped below the zero line, and the RSI has entered oversold territory. While this could lead to further accelerated selling, it is also a zone where a rebound from oversold conditions could easily occur. It’s best to avoid chasing the downside and instead focus on buying during pullbacks near strong support zones. Market volatility is increasing, but this is also a zone where technical rebounds are likely due to excessive declines. While confirmation of a bottoming pattern is needed, in this kind of market, it's safer to focus on one direction rather than trying to trade both ways. Long positions currently offer a better risk-reward ratio, so it’s advisable to enter at the lower end of the range. Reduce leverage as much as possible and always set stop-loss levels to ensure safe trading in these turbulent conditions. 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
Crude OIL CRASH - OPEC & Trump - Recession Catalyst#Recession is here, Markets are bleeding. Crude #Oil is the kicker. I shorted TVC:USOIL on Friday. Hunting on this trade for a while now. Very #Bearish outlook on #WTI. MARKETSCOM:OIL Weekly #FundamentalAnalysis - #OPEC+ Output Hike (411K bpd) - #Trump #Tariffs & #TradeWar I'm looking at a #CrudeOIL #MarketCrash, similar to the #Covid era, when NYMEX:CL1! went in minus on #Nymex #Futures. TVC:USOIL & my BIG SHORT #Trading EASYMARKETS:OILUSD via CFDs with #Leverage. Executed my #Sell Position on #WTI at $64. * DYOR before, it's not a financial advice, I just share. #TechnicalAnalysis - #ElliottWave Impulse Cycle a (white) - #Correction in Primary ABC (red) - #LeadingDiagonal in Primary A (red) - #Descending Triangle in Primary B (red) Why will BLACKBULL:WTI Crash? #Bearish Primary C (red) has started. #Break-out below the Triangle Flat Line. Important Note: The #Bearish #Impulse will continue lower. After the short-lived pull-back, Sellers will dominate. $63-64 Range is the Entry. MARKETSCOM:OIL Daily TVC:USOIL #Short #TradeSignal - Entry @ $63-64 Range - SL @ $73 - TP1 @ $40 - TP2 @ $30 - TP3 @ $20 Stay in the green and many pips ahead! Richard (Wave Jedi)
TVC:USOILShort
by EW4X
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed sharply lower due to the aftermath of tariff impositions. Following a significant gap-down, the index broke below the lower Bollinger Band, intensifying selling pressure. Yesterday’s bearish candlestick confirmed a sell signal, leading to an expanded third wave of selling. The index has now reached the previous support zone near 18,500, with additional volatility expected due to today’s Non-Farm Payrolls (NFP) report and Fed Chair Powell’s speech. On the monthly chart, the Nasdaq is forming a lower shadow around the 20-month moving average. Given the sharp decline, if further selling occurs, oversold conditions may trigger a strong rebound, making it risky to chase shorts at this stage. The 240-minute chart also shows a sell signal, with heavy selling pressure continuing. However, this is a risky zone to enter new short positions, so it's advisable to monitor short-term price movements before making a move. Regardless of whether you take long or short positions, due to high volatility, make sure to set stop-loss levels and adjust leverage to a manageable risk level. Additionally, the VIX surged, forming a large bullish candle and reaching its March 11 high. With the VIX in an uptrend and a buy signal appearing, further volatility expansion is likely. However, since it has reached a key resistance zone, a short-term pullback in the VIX could allow for a Nasdaq rebound. For the VIX to break above its previous high, a period of consolidation may be necessary. Given the strong buying momentum on both the weekly and monthly charts, this should be taken into consideration when forming a trading strategy. Crude Oil Crude oil plunged following the OPEC meeting, where supply increases became a key issue. While oversupply concerns are a factor, the economic slowdown fears from tariffs have also played a major role in the decline. Previously, $68 was considered a strong support level, but oil collapsed from $72 in a steep decline. The final key support lies around $66. On the daily chart, the MACD and signal line are converging near the zero line, suggesting that once a new wave begins, it could lead to a strong trend movement. Depending on today's session and Monday’s market, oil could see an aggressive breakout in either direction. Current candlestick patterns indicate that the weekly chart remains bearish, meaning holding long positions over the weekend carries significant risk. The 240-minute chart also confirms a strong sell signal, with MACD plummeting. Oil may form a temporary sideways range near the $66 support, but if this level breaks, selling pressure could intensify. Ensure you manage stop-loss risks carefully in case of further downside. Gold Gold declined, reacting to fluctuations in the U.S. dollar's value. The price failed to hold above $3,200 and dropped below the 5-day moving average. Gold has been in a one-way trend, so a bullish approach remains valid unless it breaks below the 10-day MA. However, it has now entered a range-bound phase, and MACD on the daily chart is nearing the signal line, suggesting potential downside risks. The MACD failed to break its February highs, increasing the likelihood of divergence, which could trigger a strong correction if selling intensifies. With rising market volatility and today's NFP release, further wild swings in gold prices are expected. The 240-minute chart has shown a sell signal, leading to a sharp decline. However, the price has found support near a key resistance-turned-support zone. Since the MACD and signal line remain above the zero line, gold may continue trading within a range in the short term. On shorter timeframes, candlestick volatility is high, so reducing leverage and widening stop ranges would be a prudent strategy. During periods of extreme market volatility, technical analysis may become less effective, as market sentiment often overrides chart patterns. As always, trade only within your manageable volatility range. The market is always open, so even if you incur losses, there will always be opportunities to recover. Manage risk wisely, and best of luck with your trades today! 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
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher on the daily chart. However, following the announcement of mutual tariffs after the previous session’s close, the index experienced a significant gap-down. On the daily chart, the MACD has crossed below the signal line, generating a sell signal, though confirmation is still pending. If today's session closes with a bearish candle, we must monitor whether this leads to a third wave of selling, signaling further downside. Due to the gap-down, the price is now significantly distanced from the 3-day and 5-day moving averages (MAs), making it crucial to observe whether the price rebounds intraday or continues to decline further. With the first support level at 19,000 now breached, the next key support is around 18,500. When considering buy positions, it is essential to manage stop-loss risk carefully. On the 240-minute chart, a sell signal has appeared but is not yet confirmed. If confirmed, it could trigger a third wave of selling pressure, potentially leading to further declines. Given the increased market volatility, a cautious approach is recommended—reducing leverage and only trading at key price levels to minimize potential losses. Crude Oil Crude oil closed higher while maintaining a range-bound movement around $72. On the daily chart, the MACD has moved above the signal line and the zero line, establishing a bullish trend. However, following the mutual tariff announcement, the price gapped down, dropping below $70. The strongest support zone lies around $68, making it crucial to observe whether the MACD adjusts and aligns with the signal line before rebounding from this support level to resume the bullish trend. On the 240-minute chart, a sell signal has appeared, but with multiple support levels nearby and both MACD and the signal line still above the zero line, the market is likely to attempt rebounds. A buy-the-dip approach remains favorable, but caution is necessary given today’s OPEC meeting, which could lead to increased volatility. Gold Gold closed higher, finding support at the 5-day MA. Following the mutual tariff announcement, the price initially gapped up to around 3,200, before pulling back. As previously mentioned, the upward target for this wave is around 3,216, with strong buying momentum continuing. On the daily chart, gold is trading between the 5-day MA and the upper Bollinger Band, maintaining a one-way bullish structure. A bullish strategy remains favorable unless the daily close falls below the 10-day MA. On the 240-minute chart, the MACD remains above the zero line and previously attempted to break above the signal line but has since pulled back. Since buying momentum is still present, if the price finds support at a key supply zone, another leg higher could occur, potentially triggering a golden cross in the MACD and leading to a third wave of buying pressure. Short positions should be approached with caution, and given the increased market volatility, risk management is crucial. Whether buying or selling, stop-loss discipline is essential to manage potential risks. Market volatility has surged since the pre-market session due to Trump’s mutual tariff policies. Volatility is both an opportunity and a risk for traders. Do not let greed lead to losses in a market that doesn’t match your trading style. Adjust position sizes accordingly and only trade within your comfort zone. The market is always open. Do not focus solely on today—take a steady and stable approach to trading. 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!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher on the daily chart. Although a sell signal briefly appeared in the previous session, the MACD failed to form a bearish crossover with the signal line, instead finding support and rebounding. The index strongly bounced from its low, reaching the 5-day moving average (MA) before closing with an upper wick. Since the MACD is supporting the signal line and potentially resuming an upward trend, the key level to watch is whether the price can break through the strong resistance at 19,625–19,675. As long as the MACD does not confirm a bearish crossover, it is advisable to trade within the range. On the 240-minute chart, the index rebounded from the bottom while generating a buy signal. However, with strong resistance around 19,675, if the price pulls back once more, it could either form a double bottom or resume a strong upward move from a single-bottom structure. Although the MACD has crossed above the signal line (golden cross) on the 240-minute chart, it is still far from the zero line, suggesting that further pullbacks may occur after additional gains. It is important to avoid chasing the price and instead focus on buying dips at key support levels while maintaining a range-trading approach. Crude Oil Oil closed flat, facing resistance at $72. On the daily chart, the price broke above the 240-day MA and is now testing resistance from a previous supply zone. It is likely to consolidate within a range while pulling up the short-term moving averages. The daily MACD has moved above the zero line, lifting the signal line as well. If the price remains in a range-bound consolidation, the signal line will eventually rise above the zero line, further supporting a bullish structure. Key upcoming events include today’s oil inventory report and tomorrow’s OPEC meeting, which could act as catalysts for either a continuation of the rally or a pullback. Since there is still a gap between the 3-day and 5-day MAs, range trading remains the best approach. On the 240-minute chart, strong buying momentum continues, but given the heavy supply at previous resistance levels, a period of sideways movement or a pullback is likely. If a bearish crossover occurs on the 240-minute chart, oil could drop below $70. For now, monitor whether the uptrend can hold, and if it does, consider trading within the range while managing downside risks. Gold Gold closed lower after an overshoot to the upside. On the daily chart, the price was in an overextended high position, with a significant gap from the 3-day and 5-day MAs. After a brief rally, selling pressure emerged, leading to a bearish close. Since gold has yet to properly test the 5-day MA, a pullback to this level remains a possibility. However, the daily MACD is still trending upward, and liquidity remains strong, increasing the likelihood of a one-way rally unless the 10-day MA is broken. Short positions should be approached with caution. On the 240-minute chart, a bearish crossover has occurred, leading to a pullback from the high. However, since the uptrend remains intact, even if the MACD crosses below the signal line, the fact that it is still above the zero line suggests a potential rebound. The best strategy is to focus on buying dips at key support levels, as the market is likely to consolidate before resuming a trend move. Be cautious when trading within a range-bound market. With Friday’s U.S. employment report approaching, market volatility remains elevated. Trump’s tariff policies are increasing concerns about inflation and a potential economic slowdown. The interpretation of upcoming economic data will be crucial in determining market direction. Risk management remains essential, so trade cautiously and stay prepared. 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!
by Futureguard