Oil
A Possible Recession Coming: What to Invest in During DifficultChart Analysis:
The chart depicts the relationship between the M2 money supply, US Consumer Price Index (CPI), labor market trends, and historical recessions. Key observations include:
Recessions:
-Historical recessions are marked and correlated with significant economic downturns.
-Each recession coincides with substantial drops in the labor market and fluctuations in the M2 money supply and CPI.
M2 Money Supply and US CPI:
-The M2 money supply (blue line) shows a steady increase over the years, reflecting ongoing monetary expansion.
-The US CPI (orange line) follows a similar upward trend, indicating rising consumer prices and inflation.
Current Economic Conditions:
-The chart suggests a potential recession on the horizon, marked by the recent economic indicators and historical patterns.
Bitcoin's Role in the Current Economic System:
This is the reason the goverments wants to stop Bitcoin. People want out of their slave system where they create abundance for themselves with money printing while our labor value is always decreasing.
Recession Expectations and Market Opportunities:
Be open to a recession in the coming winter. The CME is having a meeting today where there is a 5% chance for a 0.25 rate cut and a 95% chance for a cut in September. Historically, there is a two-month window where the market booms and then rolls over into a recession after rate cuts. This supports the idea of a left-translated cycle and a longer multi-year cycle. For more information, see "The Fourth Turning."
Investment Opportunities_
With this information, there can be good opportunities to get in early on investments in the precious metal markets like gold and silver, and also mining stocks. Production materials like copper, oil, and steel can be great shorting opportunities in the coming weeks and months.
Conclusion:
Understanding these economic indicators and historical patterns provides valuable insights for making informed investment decisions. While the future economic landscape looks challenging, strategic investments in precious metals and shorting opportunities in production materials could offer significant returns.
US Crude Oil Prices Hover at $82: Bearish Setup in Sight?US crude oil prices continue to fluctuate within a sideways trading range, currently hovering around the $82.00 mark. This consolidation phase has presented an intriguing supply area, suggesting a potential bearish movement in the near term.
In this context, it's essential to consider the positions of various market participants. Commercial traders, who often include producers and large institutions, are maintaining a bearish stance. This bearish sentiment from the commercial side contrasts with the behavior of retail traders, who are currently in buying mode. This divergence between commercial and retail positions can be a significant indicator of potential market direction.
Given the current market conditions, we are monitoring this supply area for a bearish setup. On a daily timeframe, the possible targets for this bearish movement are the next demand areas. These zones represent potential levels where buying interest might re-emerge, providing support to the prices.
While there isn't a strong seasonal trend supporting a bearish continuation, statistical analysis suggests that there could be a bearish impulse lasting until mid-August. This potential decline aligns with historical patterns, even though the current market lacks a definitive seasonal bias for a prolonged bearish trend.
The interplay between commercial and retail traders' positions provides a nuanced view of market sentiment. Commercial traders' bearish outlook, combined with the retail traders' bullish stance, creates a dynamic environment that could lead to significant price movements. This scenario highlights the importance of closely monitoring market sentiment and positioning to identify potential trading opportunities.
In conclusion, US crude oil prices remain in a sideways range around $82.00, with an interesting supply area indicating a possible bearish movement. The contrasting positions of commercial and retail traders add complexity to the market outlook. Despite the absence of strong seasonal trends, statistical analysis suggests a potential bearish impulse until mid-August. Traders should remain vigilant and consider these factors when developing their trading strategies in the current market environment.
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USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout demand zone .
TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) .
RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05.
SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL : 80.49 , 82.83 .
SUPPORT LEVEL : 75.05 ,72.46 .
Texas Oil to continue in the downward move at market price?WTI - 24h expiry
Our short term bias remains negative.
Our bespoke support of 77.06 has been clearly broken.
Previous support at 77.50 now becomes resistance.
We look for a temporary move higher.
We look for losses to be extended today.
We look to Sell at 77.50 (stop at 78.30)
Our profit targets will be 75.50 and 75.15
Resistance: 77.13 / 77.50 / 78.00
Support: 76.60 / 75.80 / 75.4
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MarketBreakdown | USDCAD, NZDUSD, CRUDE OIL, DXY
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently testing a significant daily structure resistance.
The intraday price action looks bearish at the moment.
I think that the pair may start a correctional movement
from the underlined blue area.
2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸
The market is approaching a significant weekly resistance cluster
that is based on 2 important historic highs.
I think that we may see a correctional movement/pullback soon.
3️⃣ #WTI CRUDE OIL daily time frame 🛢️
Crude Oil updated a low on a daily, violating a key horizontal support.
It confirms the strength of the sellers.
The market may keep trading in a bearish trend within the boundaries of the underlined channel.
4️⃣ DOLLAR INDEX #DXY daily time frame 💵
We see a nice correctional movement after a strong bearish impulse.
The market is currently trading within a bearish flag pattern.
Bearish breakout of the support of the flag will be a strong bearish trend-following signal.
Do you agree with my market breakdown?
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USOIL / GOT IT, AND STILL RUNNING!!! Technical Analysis: USOIL
Current Outlook:
the price remains bearish zone due to stability bearish volume under 77.94
Bullish Scenario:
The price should stabilize above 77.94 to get 79.49
Bearish Scenario:
As long as trades under 77.44 means will drop to 76.30 and 75.35
Key Levels:
- Pivot Line: 77.40
- Support Levels: 76.30, 75.35, 72.80
- Resistance Levels: 77.94, 79.49, 80.73
Today's Expected Range:
The price is anticipated to move between the support at 75.35 and the resistance at 77.95.
PREVIOUS IDEA:
Turbo Tuesdays ? Crude OilNice ranged day on Monday leading me to think today won't be as expansive.
Nether less I am looking for Bearish movement but I would like some sort of BSL to be taken meaning I am anticipating a retracement come NY open 0830est roughly.
15min FVG and the 2hr -OB are areas if price was to retrace to I would look for shorts.
Targets are bellow the weekly ssl and the eql's.
WTI Oil H4 | Pullback resistance at Fibonacci confluenceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 77.35 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 61.8% retracement levels.
Stop loss is at 78.90 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 75.43 which is a pullback support.
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WTI OIL on the 3.5 year Support!WTI Oil (USOIL) is attempting to form yet another bottom below the 1W MA200 (orange trend-line), which has been the ultimate long-term Support since February 2021. As you can see, since May 2023, Oil has been forming Higher Lows just below this level.
Despite the presence of the Lower Highs trend-line since September 25 2023, the pattern shows a break-out above Resistance 1, every time such a low is formed. Our long-term Target remains 90.50 (potential Higher High on an emerging Channel Up).
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Oil prices losing strength due to China's economic slowdown
Oil prices continue to trend downward, as are expectations for increased U.S. oil production and pessimism about the Chinese economy. Expectations are growing that oil prices will gradually fall following reports that new wells will be drilled in US shale fields, and the costs for them will drop significantly by about 10% this year alone. Meanwhile, the economic slowdown in China, the world's largest crude oil importer, is also putting downward pressure on oil prices. China's oil imports in June fell 10.7% amid disappointment that the PBoC's rate cuts were not large enough to boost the Chinese economy.
USOIL (WTI) has been trending downward over the past week, falling to the 75.10 level. After death-crossed, both EMAs rapidly widen the gap and send out a typical bearish signal. If USOIL fails to hold the 75.00 support, where the trend line intersects, the price could fall further to 72.50. Conversely, if USOIL advances toward the 76.80 resistance after recovering EMA21, the price may gain upward momentum toward the 78.20 level.
2024-07-29 - priceactiontds - daily update - oilGood Evening and I hope you are well.
comment: Lower low again after market formed a perfect double top with Globex high, which was couple of ticks above Globex open. Market is going down but barely. Bears taking profits at new lows and wait for market to go higher again before they sell it. 1h 20ema is a roller coaster. Need to trade small, have wide stops and wait for decent pullbacks.
current market cycle: trending trading range or broad bear channel, whatever you prefer to call it
key levels: 74 - 78
bull case: Bulls buying new lows and making money. That’s about it. They are too weak to push to make new highs and bears will probably stop at bigger resistance which I think is below 74.
Invalid below 73.
bear case: Bears in control but they are taking profits at new lows and thats why the channel down is so broad and we have two sided trading. Play the bear channel until it’s clearly broken. Do not try to be a rocket scientist here and start with macro schmackro stuff about oil. It’s going down, look for shorts. Be Forest Gump and not Cathie Wood.
Invalid above 78.
short term: Bearish. Play the channel.
medium-long term: We are seeing the big triangle playing out between 72 and 86 (could also be 87 but for now I see the spike above 83 as a failed breakout of the triangle. We hit the lower trend line and now we will test back up to above 83. —will update this Wednesday
current swing trade: Still short since 82.69.
trade of the day: Selling the double top Globex and EU high at 77.6. Had to get short latest at bar 42 but better 41 since it was also a head & shoulders or the top of the trading range. More than enough reasons to sell.
CRUDE OIL WILL FALL|SHORT|
✅CRUDE OIL is trading in a
Downtrend and the price
Broke the key horizontal
Level of 76.50$ which is now
A resistance and the breakout
Is confirmed so we are bearish
Biased and we will be expecting
A further bearish continuation
SHORT🔥
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USOIL Sellers In Panic! BUY!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 76.41 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 77.12
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Oil Moves At The End Of July..Over a mid-long term period we have seen Oil slowly close in on its price range.
This comes as the Market awaits a larger sentiment inflow and move either largely up or down.
In my previous posts on Tradingview, I mentioned it short various times, so our bias remains the same on any rises.
Any longs, really, need a larger fall to key support levels below.
Crude oil: Waiting for a rebound to continue shortingCrude oil technical analysis
Daily resistance 78.4, support below 72.7
Four-hour resistance 77.5, support below 75.5-74.7
Crude oil operation suggestions: WTI prices stopped falling due to a decline in weekly crude oil inventories last week. The U.S. Energy Information Administration (EIA) crude oil inventory change report is expected to show that inventories will increase by 700,000 barrels in the week ending July 19. Israeli Prime Minister Benjamin Netanyahu will address the U.S. Congress, seeking to turn the U.S. attention to the Middle East.
From the daily chart level, crude oil has repeatedly fluctuated and stepped down in the medium term, and the oil price has fallen below the support of the moving average system. The objective trend of the medium-term rise has changed and returned to the oscillating pattern. Crude oil is expected to maintain a wide range of oscillation in the medium term.
From the current market situation, the lower target continues to focus on breaking new lows, and the short-term long and short strength watershed focuses on the 77.5 line. The rebound above 77-77.5 remains short. Any rebound before the daily level breaks through and stabilizes this position is a short-selling opportunity.
SELL:77.0near SL:77.30
SELL:77.5near SL:77.80
Technical analysis only provides trading direction!