Gas Prices Catch Fire: 25-Month High Reached Amid Winter's FuryNatural gas futures have reached a 25-month high, marking a significant price increase.
This surge is attributed to two primary factors:
1. Cold Weather: Unusually cold temperatures in key regions have increased demand for natural gas, as it is a primary source of heating.
2. Supply Disruptions: Issues in natural gas production or distribution have tightened supply, further driving up prices.
◉ Technical Observations
● After breaking out of the Inverted Head & Shoulders pattern, the price soared to $4.350.
● Subsequently, the price faced a significant pullback to around the $3.30 mark.
● However, the price rebounded from this point and is now at a 25-month high, with expectations for continued growth.
Energy Commodities
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher within its range, finding support at the 5-day moving average. While the daily buy signal remains intact, the market showed some corrective movement following yesterday’s doji candle, with selling pressure continuing on the lower time frames.
As the index approaches previous highs, profit-taking is occurring, leading to a temporary consolidation phase. Market flows remain mixed, which could make it difficult for the Nasdaq to break through resistance decisively. However, as long as the index continues to hold the 5-day MA, the potential for a continued rally remains.
On the 240-minute chart, the sell signal remains active, and the market is consolidating within a range. Since the MACD and signal line remain above the zero line, further upside attempts are likely.
For now, a range-trading strategy—buying near support and selling near resistance—remains the most effective approach.
Crude Oil
Crude oil closed higher, breaking above the $72 level. On the daily chart, the MACD has not yet confirmed a bullish crossover, making it too early to fully confirm an uptrend.
Although oil has formed a double-bottom pattern, market flows remain mixed, and since the MACD and signal line are converging near the zero level, a strong breakout or breakdown could occur soon. Given that the weekly MACD remains in an uptrend, buying dips remains the preferred strategy.
On the 240-minute chart, the MACD and signal line have both moved above the zero line, confirming strong buying momentum. If oil breaks above the neckline at $73, a strong bullish move could follow. However, if the market fails to hold above $73, it could settle into a range-bound structure.
For now, buying on dips remains the most favorable strategy, but traders should be cautious, as today’s crude oil inventory report could introduce significant volatility.
Gold
Gold failed to break above its previous high, closing lower. The market remains in a range-bound structure, with the MACD initially turning upward but now shifting back toward the signal line.
If the MACD forms a bearish crossover, gold is likely to remain in a consolidation phase, and the next key question will be whether gold finds support at the 20-day moving average or moves even lower to test previous breakout levels.
On the 240-minute chart, the MACD is pulling back toward the signal line, showing signs of weakening momentum. Additionally, the market appears to be forming a triple-top (head-and-shoulders) pattern, meaning that if the neckline breaks, a further decline could follow.
Given these conditions, the best approach is to trade within the current range, favoring selling near highs while only considering long positions at key support levels.
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!
Natural Gas Shows Bullish PatternVANTAGE:NG Natural gas looks to be turning bullish after a projected five-wave impulse from the lows, followed by an ABC correction. It gave us a nice bullish setup formation by Elliott Wave theory, so more upside is in view, especially if breaks back above 4.0 bullish confirmation level, just watch out for short-term intraday pullbacks.
WTI OIL - USOUSDShort-term outlook:
Downward trend: Right now, there are signs that oil prices could drop, mainly due to weaker global demand and potential overproduction of oil. Citi predicts that without deeper OPEC+ production cuts, prices could fall to $60 per barrel by the end of 2025.
Upward trend: However, OPEC+ might take action to reduce production if prices continue to fall, aiming to keep prices higher, as they’ve done in the past. Also, geopolitical factors could cause temporary price spikes.
Bottom line: There's no strong signal that prices will rise consistently in the short term, but a rebound is possible if geopolitical events or OPEC+ decisions push the market up. However, the trend seems more likely to be downward for the next few weeks.
Natural Gas Price Hits Highest Level Since January 2023Natural Gas Price Hits Highest Level Since January 2023
The XNG/USD chart today shows that natural gas prices have surpassed the December 2024 peak, breaking through the key psychological level of $4.000/MMBtu. Since early February, prices have surged by over 20%.
Why Is Natural Gas Price Rising?
According to The Wall Street Journal, the bullish sentiment is driven by:
→ Weather models confirming forecasts of a significant cold spell.
→ LNG exports remaining at record highs.
Additionally, US gas exports may increase further after President Trump lifted the pause imposed by the Biden administration on new LNG export projects. Bloomberg reports that Trump’s administration is close to approving its first LNG export project.
Technical Analysis of XNG/USD
The price movements are forming an upward channel (marked in blue) on the chart:
→ Prices are currently near the upper boundary of this channel.
→ The RSI indicator is in the overbought zone.
→ The price briefly exceeded the $4.000/MMBtu psychological level.
→ Buyers may look to secure profits after the recent sharp gains.
Given these factors, traders may anticipate a potential pullback, which—if it occurs—could bring natural gas prices back towards the channel’s median level.
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.
USOIL is changing as I analyzedThrough the previous accurate analysis, USOIL is rising as I analyzed, and many traders have also reaped considerable profits.
The current price of USOIL is US$72.3, and downward pressure still exists. Market expectations for Russia-Ukraine negotiations are heating up. If Russian oil sanctions are lifted, increased supply will put pressure on oil prices. Bank of America analyzed that the underlying price of Brent crude oil may fall by 5-10 US dollars per barrel.
sell:72.4
Tp:71
Tp:70
Sl:73.6
TVC:USOIL FX:USOIL
Crude oil market analysis next weekThe upward trend in global oil demand is expected to continue, especially as the global economy gradually recovers, and the increase in fuel and heating demand may further push up oil prices. However, uncertainties on the global supply side, especially supply problems in Iran and Russia, will have a lasting impact on oil price trends. The increase in the number of drilling rigs in the United States indicates that US oil production has recovered, which may have an impact on market supply in the coming months. If the US energy production capacity continues to expand, oil prices may face downward pressure. In the short term, the crude oil market may maintain a volatile consolidation pattern, and market sentiment will be affected by the global political situation and the balance of supply and demand. Investors need to pay close attention to the situation in Russia and Ukraine, US trade policy, changes in global oil demand, and the dynamics of the Federal Reserve's monetary policy to seize future market opportunities. Crude oil hit a high and fell back at the weekly level, closing at a low level. The weekly level includes a negative inverted hammer line with a long upper shadow line. The weekly level has four consecutive negative lines, and the oil price short position has been continued again. The focus next week is whether the oil price will continue to break below the 70.0 area, and it is expected to open up the space below after breaking.
Next Monday's crude oil plan: Rebound at 71.1 without breaking through once, target at 70.2-69.5, stop loss at 0.5 USD
If oil prices break above $72.0/barrel, this will stop the expected bearish trend and push oil prices back to a mainly volatile trend.
It is expected that oil prices will trade between the support level of $69.0/barrel and the resistance level of $71.2/barrel on Monday.
Crude oil evening analysisFrom the daily chart level, crude oil tested the upper edge of the wide channel in the medium term, and then fell immediately, just in line with the fundamentals. The K-line closed with negative entities continuously, and the moving average system showed signs of turning downward. The performance of short-term momentum is dominant, and the medium-term trend has returned to the range, and the overall trend is mainly downward within the range. The short-term trend of crude oil (1H) rose first and then fell, and oil prices continued to fall and hit a new low. The moving average system is short-term, and the short-term objective trend is downward. In the Asian morning session, in the main downward trend of crude oil in the short term, short-term momentum is dominant. Patiently wait for the formation of the secondary rhythm. It is expected that the trend of crude oil will maintain low consolidation during the day and gradually test 70. On the whole, He Bosheng suggested that the operation strategy of crude oil today should be mainly rebounding high and supplemented by stepping on low and long. The short-term focus on the resistance line of 72.0-72.5 on the upper side and the support line of 70.0-69.5 on the lower side.
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 69.64 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed flat with a doji candle, facing resistance at previous highs. As mentioned yesterday, there was a possibility of a pullback to the 5-day moving average, and while the market did not fully correct to that level, it did consolidate and pull the 5-day MA higher, suggesting a preparatory phase for further upside.
On the daily chart, the MACD and signal line remain upward-facing, indicating that buying dips remains the preferred strategy. However, since trading volume remains relatively low and market flows appear mixed, it is advisable to take profits quickly when buying dips rather than holding for extended gains.
On the 240-minute chart, a sell signal has appeared at the highs, meaning that a pullback toward the upper boundary of the previous range is possible. Given the doji candle on the daily chart, traders should be cautious about chasing longs in the pre-market session. If the MACD turns downward, selling pressure could intensify.
That said, the MACD and signal line remain well above the zero line, suggesting that rebound attempts are likely. While the sell signal remains active, short positions should be managed with strict stop-loss levels.
Tonight, the FOMC meeting minutes will be released, so be mindful of potential volatility during the regular session and after-hours trading.
Crude Oil
Crude oil closed higher, testing $72 as resistance while forming a potential double-bottom pattern. The MACD on the daily chart is approaching a key decision point, where it will either bullishly cross above the signal line or turn lower again, determining the next directional move.
Since the signal line is near the zero level, the next buy or sell signal is likely to trigger a significant price move. Additionally, the ongoing Ukraine-Russia peace negotiations remain a key geopolitical risk factor, as any developments could lead to increased oil price volatility.
From a technical perspective, oil remains within a range-bound structure, making buying dips the most effective approach. A break below $70 would be a bearish signal, while sustained movement above $72 could confirm a breakout.
On the 240-minute chart, the MACD has moved above the zero line, lifting the signal line upward. While a short-term pullback is possible, as long as the MACD does not form a bearish crossover, buying pressure could strengthen further.
Gold
Gold closed higher, rebounding from previous levels. Yesterday’s price action confirmed that the MACD used the signal line as support and turned higher, reinforcing the bullish trend.
Since the MACD has not yet crossed below the signal line, the daily chart remains in a buy-biased structure, meaning that until a confirmed bearish crossover occurs, the market should still be approached with a buy-on-dip mindset.
However, if gold moves above its previous high but the MACD fails to exceed its previous peak, a bearish divergence could form, increasing the risk of a sharp correction. Traders should remain aware of this scenario and avoid chasing long positions at elevated levels.
On the 240-minute chart, the MACD has crossed above the signal line near the zero level, generating a strong upward wave. However, the market is approaching key resistance zones, and if another rally occurs, a bearish divergence could develop, reinforcing the need for cautious positioning.
Buying at major support levels remains the safest strategy, while avoiding breakout trades is advisable.
With the FOMC meeting minutes set for release tonight, overnight positions in gold should be managed carefully due to the potential for increased volatility.
Despite high market volatility, trends remain clear across different asset classes, making trading conditions manageable. Instead of attempting countertrend trades, focus on following the prevailing trend and capitalizing on structured setups.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!
USOIL READY TO EXPLODE?! DON’T MISS THIS CRUCIAL MOVE!📊 USOIL (Crude Oil) Analysis – February 17
What’s up, traders? Mr. Blue Ocean FX here with another deep dive into the markets, and today, we’re breaking down US Oil (Crude Oil) and the major opportunities setting up. Let’s get straight into it.
📉 Weekly Time Frame Insight
• Last week’s candle closed with exhaustion, printing a low at 70.30 but losing volume compared to previous bearish moves.
• Key Resistance: 71.55 area was broken, signaling potential bullish momentum.
• Impulse Move: Price pushed as high as 79.44 (Jan 13th), breaking past the 77.90 October high before retesting that level.
📊 Daily Time Frame Setup
• USOIL is currently ranging in a consolidation zone, and we are at the lower region of this range.
• Buy Zone Identified:
• Three bottom touches suggest a strong support level.
• Higher low structure forming at 70.58, above the previous Feb 6th low of 70.34.
• If bulls hold this zone, we could see a strong push to the upside.
🕒 4H Time Frame Execution Plan
• Structure Confirmation: After a deep retracement, price failed to print a new low.
• Liquidity Sweep: A wick below 70.16 may have stopped early buyers before price reclaimed.
• Entry Plan:
• Buy near 70.68 (entry level).
• Stops below the recent low.
• Targeting 72.04, then 73.32, with further upside potential to 74.21+ if consolidation breaks.
• Channel Formation: USOIL is respecting an upward-sloping trend channel that could continue bouncing before a major breakout or breakdown.
🚀 What’s Next?
If bulls maintain control, we could see an explosive breakout, targeting higher liquidity zones above 74.21. However, if price breaks down, we may see another leg lower before a final push up.
🔥 What do you think? Will oil rally higher or break down? Drop your thoughts in the comments!
📢 If you found this breakdown valuable:
✅ Boost this post
✅ Share it with a fellow trader
✅ Follow for more
Let’s catch these moves! 🚀💰 #USOIL #CrudeOil #Trading #Forex #MarketBreakdown
Does our LIS hold? Weekly CL Trade IdeaNYMEX:CL1!
Macro Update:
There are a lot of market moving events taking shape on the macro landscape.
Peace negotiations between warring countries, reciprocal trade tariffs, and a US-Iran nuclear deal.
We need not mention that any of these events may potentially turn market sentiment risk on or risk off. It all depends on how these all unfold.
On the economic front, we have rate decisions from various central banks. Most central banks reiterate cautious cuts and turn hawkish amidst concerns about the rising inflation outlook. Central banks are also pointing towards rising uncertainty on the outlook itself as we mentioned above. It all depends on how events unfold.
WTI Crude Oil Big Picture:
Viewing a weekly full session WTI crude oil chart, we can see 3 weeks of one time framing up on the weekly chart starting Dec 30th, 2024. We then saw a rejection of uptrend and prices reverting to 2024 Value area. We can see four bearish weekly candlesticks from the week starting Jan 20th, 2025. Last week, the price action on the weekly timeframe formed an inverted hammer showing bearish pressure increasing on WTI crude oil. Our key LIS and key bull support show the confluence of multiple market generated levels has held up for the past 3 weeks.
Traders take note that WTI crude oil futures contract has rolled over to April 2025 contract. Symbol: CLJ2025
In addition, DOE WTI inventory numbers will be released on Thursday 11am CT due to US President’s Day on Monday February 17th, 2025.
Key Levels to Watch
Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan.
2025 mcVPOC: 72.82
Feb 2025 mcVAH: 7 2.48
2025 mcVAL: 70.56
Yearly Open/ LIS: 70.52
Key Bull Support/ Confluence Zone: 70.52 - 70.12
Scenario 1: Range bound week ahead
In this scenario we expect range bound price action contained within Feb 2025 micro composite Value Area.
Scenario 2: Risk-off sentiment shift prices below key LIS
In this scenario, we may see a breakdown of our key bull support and Line in Sand. Price moves and stays below yearly open price, providing a possible shift lower towards composite volume point of control (CVPOC).
Micro CME contracts allow for more precise risk management during volatile market conditions. Additionally, you can participate in the CME and TradingView paper trading competition, giving you the opportunity to test your skills in The Leap without risking real money.
USOIL is about to fall sharply, prepare to shortFrom a technical perspective, usoil currently has a large short-selling opportunity.
The overall price of usoil has successfully stabilized at the 70 mark, and on this basis, it has ushered in a correction market with a volatile rebound. In the afternoon European session, oil prices rose slightly, pierced the 71.2 mark, and then closed in a volatile state. From the daily K-line pattern analysis, it finally closed with a volatile rebound cross K-line.
Although the short-term price stabilized and rebounded after gaining support at the 70 mark, from a comprehensive consideration at the daily level, usoil is still in a weak volatile pattern, limited by the 10-day moving average and below the 5-day moving average. For the short-term trend, the 73 mark is the key dividing line for short weakness. At the daily level, as long as usoil fails to effectively break through and stabilize the 73 mark, any pullback can be regarded as an excellent short-selling opportunity.
usoil short-selling trading plan:
Sell: 71.55, take profit 70.5; stop loss 72.3
TVC:UKOIL TVC:USOIL
USOIL, oil trend analysis (hot news)USOIL: Due to a drone attack on a Russian oil pipeline pumping station, the oil flow from Kazakhstan has decreased. David believes that the price will rebound to the upper side soon
BUY:71.2
TP:71.6
TP:72
SL:71.00
If you agree with my analysis, please continue to pay attention. I will share my views for free later - (David)
If you don't know when to trade and want to avoid risks, you can continue to pay attention. TVC:USOIL FX:USOIL
Resistance in Focus: Will Oil Prices Reverse or Fall Again?● Oil prices have been trending downward through a parallel channel. However, a crucial support zone near $70.6 has provided a rebound, sparking hopes of a potential recovery.
● Currently, the price is testing its trendline resistance, a critical level that will determine the next move. A breakthrough above this level could signal a reversal in the oil market.
● On the other hand, if the price fails to clear this level, it may indicate that the downward pressure is still too strong, and another leg down is possible.
USOIL: Continue to buy USOIL. Wait for a surge.Yesterday, after my precise analysis and the announcement of the trading plan, the oil price successfully achieved the target of 71.5 after the passage of time. The increase was more than 15p. This profit is very optimistic. Many traders also witnessed this moment.
London market oil prices hit a higher position again, and strengthened again after stepping back to the position of 71.5. The New York market has not yet opened, and it is expected that there will be another upward impact. Therefore, the oil price will most likely continue to create a new high in the next few hours. Preliminary estimate 72.8-73.3
The current price is at a relatively low position. Therefore, it is reasonable to buy USOIL to go long on oil prices.
BUY: Buy near the current price of 71.8
tp72.8
sl71
Set stop profit and stop loss while trading to control risks to the minimum. Only in this way can you obtain better profits in the financial market in the long run and make your account go further.
USOIL Will Go Higher! Long!
Please, check our technical outlook for USOIL.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 71.720.
Considering the today's price action, probabilities will be high to see a movement to 73.515.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq rose within a small range, forming a box consolidation pattern. On the daily chart, buying pressure remains strong, and today’s candlestick will merge with yesterday’s due to the holiday. As mentioned previously, today is a key session where the 5-day moving average may provide support, meaning a pullback to this level is possible.
Since yesterday’s high remained in a consolidation phase, the pre-market and regular session today could see some downside movement. The reason is that the market has yet to test a key level, which increases the likelihood of a short-term pullback.
On the 240-minute chart, the buy signal remains intact, but low-volume choppy price action persists. If a sell signal emerges on the 240-minute chart, the Nasdaq could correct down to the 5-day MA, making this a key area to consider buying dips.
Since today’s candle will be a combined session with yesterday, traders should expect price swings that normally unfold in one day to play out over two sessions.
Crude Oil
Crude oil closed higher within a neutral range, forming a bullish daily candle. The key focus now is whether oil can sustain its double-bottom structure, leading to further upside.
For the MACD and signal line to maintain a sell signal on the daily chart, oil must break decisively below $70 by the daily close. If this does not happen, a double-bottom reversal could trigger a rebound, meaning traders should be cautious with short positions.
On the 240-minute chart, a buy signal has appeared, following a false breakdown and a potential double-bottom formation. If holding short positions, be aware of the risk of a sudden price surge.
With ongoing Ukraine-Russia peace negotiations, oil volatility could increase, so traders should remain cautious. A break above $72 would be a bullish confirmation, while a failure to hold $70 support could lead to another leg down. Risk management is crucial.
Gold
Gold rebounded on the daily chart, closing higher. The MACD has not yet crossed below the signal line, meaning that the market remains in a buy-biased structure, increasing the likelihood of continued upside.
While buying dips remains the preferred strategy, gold has already tested the 3-day and 5-day moving averages, meaning traders should now focus on lower time frames for entry confirmation.
If gold continues to rise today and breaks above the 3-day and 5-day moving averages, the MACD could turn higher again, confirming that the buy trend remains intact. However, if gold declines and the MACD forms a bearish crossover, traders should prepare for a potential move down toward the 20-day moving average, adjusting their strategy accordingly.
On the 240-minute chart, the MACD has dropped below the zero line, but the signal line remains above zero, suggesting that rebound attempts are likely. However, since the MACD’s downward slope is steep, a quick bullish crossover is unlikely. Even if gold rises, it may face resistance and pull back again, meaning traders should avoid chasing breakouts.
If the signal line falls below zero, this would be a bearish confirmation, making it safer to trade within a range—selling near highs and buying at lower support levels.
Given yesterday’s holiday, today could see increased volatility as markets adjust. Additionally, Wednesday’s FOMC meeting minutes release is expected to introduce further market swings.
Risk management is key—stay disciplined, 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!