Oil
CL - Crude Oil is approaching the Center-Line SupportAs mentioned in the previous analysis, we see that CL pushed back and comes right to where we expect it to go, down to the Center-Line.
Our job here is to observe how it reacts in here. Support at the Center-Line, or a blow through, or swinging around it?
Patience is key, and the observation time is very valuable, because we can learn from it and feed our stats.
Patience young Padavan, patience. §8-)
Market Forecast UPDATES! Tuesday, Feb 4thIn this video, we will update the forecasts for the following markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
Enjoy!
May profits be upon you.
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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.
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The Nasdaq closed lower, forming a lower wick at the bottom. The market initially dropped in pre-market trading due to Trump’s tariff imposition issue but recovered to close the gap after the one-month grace period for Mexico was announced.
At yesterday’s closing price, the daily MACD triggered a sell signal. Although there was a gap-up today, further declines are likely as the resistance level holds. However, the MACD and Signal lines are still above the zero line on the daily chart, and it will take time for the 3-day and 5-day moving averages to pull down, suggesting that the index may form a wide-ranging box pattern before the trend leans towards further declines.
On the 240-minute chart, a sell signal appeared, and after a rebound, the MACD and Signal lines are reconnecting. Since a golden cross has not yet formed, a sell strategy on rebounds would be favorable. If the MACD fails to break above the Signal line and declines, a third wave of selling could follow.
From a broader perspective, the 5-day moving average on the monthly chart coincides with the lower boundary of the daily box pattern. Until this level is strongly broken downward, short-term buy opportunities remain valid near the lower boundary of the range.
OIL
Oil gapped up but closed lower. The price failed to break above $75, leaving an upper wick. The one-month tariff grace period for Canada resulted in a gap-down movement.
The key question is whether oil will attempt another rebound, using the 240-day moving average as support. It is crucial to see if a bullish candlestick forms while maintaining support above the 240-day moving average.
On the weekly chart, oil is trapped within a box range, and as the week progresses, it will be important to assess whether conditions develop for a breakout next week.
On the 240-minute chart, a rebound has occurred up to the 60-day moving average, following the characteristics of the 240-day moving average. Since the MACD and Signal lines remain below zero, selling pressure may persist. However, this is a high-probability divergence zone. If the third wave of selling fails and prices rebound, a sharp surge is possible, so traders should be cautious with aggressive short positions.
The overall approach should be to trade within the range, favoring buy positions on pullbacks.
GOLD
Gold dropped to the 10-day moving average but found support and closed higher. On the monthly chart, a pullback to the 3-day moving average around 2,770 is possible, and a correction to the low 2,800s has already occurred.
Gold's volatility is extreme due to tariff issues, so traders must carefully adjust their leverage to ensure safe trading.
On the daily chart, MACD continues to rise, so as long as the price does not close below the 10-day moving average, a buy strategy is recommended.
On the 240-minute chart, gold formed a buy signal after a pullback and is attempting a third wave of buying. However, it is crucial that gold continues rising to avoid forming a bearish divergence. If further gains do not materialize, gold may enter a box pattern.
Overall, a buy strategy remains favorable for gold. However, traders should be cautious of increased volatility due to today’s JOLTS report.
■Trading Strategies for Today
Nasdaq - Range-bound Market
-Buy Levels: 21510 / 21410 / 21345 / 21220 / 21120
-Sell Levels: 21580 / 21640 / 21680 / 21780
Crude Oil - Range-bound Market
-Buy Levels: 71.80 / 71.30 / 70.50 / 69.85
-Sell Levels: 72.75 / 73.15 / 73.80 / 74.50
GOLD - Bullish Market
-Buy Levels: 2844 / 2832 / 2827 / 2820
-Sell Levels: 2859 / 2864 / 2870 / 2874 / 2885
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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WTI CRUDE OIL Sell signal under the 1day MA50WTI Crude Oil / USOIL has tested and held the 1day MA50 for two straight days.
Today's volatile candle though suggests that one more test is possible and the last time we saw this pattern was in late April 2024.
The two patterns have similar 1day RSI fractals, so the sell trigger here is the 1day MA50.
If we cross under it, sell and target Support B at 69.00.
Previous chart:
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"WTI / US OIL SPOT" Energy Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "WTI / USOIL SPOT" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 :
"The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
Buy entry above 76.00
Sell Entry below 72.00
Stop Loss 🛑:
Thief SL placed at 74.00 (swing Trade) for Bullish Trade
Thief SL placed at 74.00 (swing Trade) for Bearish Trade
Using the 4H period, the recent / nearest low or high level.
SL is based on your risk of the trade, lot size and how many orders you have to take.
Target 🎯:
-Bullish Robbers TP 81.50 (or) Escape Before the Target
-Bearish Robbers TP 67.00 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
"WTI / USOIL SPOT" Energy market is currently experiencing a Neutral trend (there is a higher chance for Bearish)., driven by several key factors.
♻ Fundamental Analysis:
Supply and Demand: Neutral, with growing demand for oil offset by rising US oil production.
OPEC Production: Neutral, with OPEC's production cuts offset by rising US oil production.
Global Economic Growth: Neutral, with a slow global economic recovery expected.
♻ Macro Economics:
Global Economic Growth: Neutral, with a slow global economic recovery expected.
Inflation: Neutral, with low inflation expected in major economies.
Interest Rates: Neutral, with interest rates expected to remain stable.
♻ COT Report:
Non-Commercial Traders: Bearish, with 55% of non-commercial traders holding short positions.
Commercial Traders: Bullish, with 60% of commercial traders holding long positions.
Levieraged Funds: Bearish, with 58% of leveraged funds holding short positions.
♻ Sentimental Analysis:
Market Sentiment: Bearish, with 52% of traders holding short positions.
Retail Trader Sentiment: Bullish, with 65% of retail traders holding long positions.
Institutional Trader Sentiment: Bearish, with 60% of institutional traders holding short positions.
♻ Overall Outlook:
Bearish: 52%
Bullish: 30%
Neutral: 18%
Based on the overall analysis, the outlook for WTI Commodity CFD is bearish, with a target price of around $60-$62 per barrel.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Leap Ahead with a Regression Breakout on Crude OilThe Leap Trading Competition: Your Chance to Shine
TradingView’s “The Leap” Trading Competition presents a unique opportunity for traders to put their futures trading skills to the test. This competition allows participants to trade select CME Group futures contracts, including Crude Oil (CL) and Micro Crude Oil (MCL), giving traders access to one of the most actively traded commodities in the world.
Register and compete in "The Leap" here: TradingView Competition Registration .
This article breaks down a structured trade idea using linear regression breakouts, Fibonacci retracements, and UnFilled Orders (UFOs) to identify a long setup in Crude Oil Futures. Hopefully, this structured approach aligns with the competition’s requirements and gives traders a strong trade plan to consider. Best of luck to all participants.
Spotting the Opportunity: A Regression Breakout in CL Futures
Trend reversals often present strong trading opportunities. One way to detect these shifts is by analyzing linear regression channels—a statistical tool that identifies the general price trend over a set period.
In this case, a 4-hour CL chart shows that price has violated the upper boundary of a downward-sloping regression channel, suggesting the potential start of an uptrend. When such a breakout aligns with key Fibonacci retracement levels and existing UnFilled Orders (UFOs), traders may gain a potential extra edge in executing a structured trade plan.
The Trade Setup: Combining Fibonacci and a Regression Channel
This trade plan incorporates multiple factors to define an entry, stop loss, and target:
o Entry Zone:
An entry or pullback to the 50%-61.8% Fibonacci retracement area, between 74.60 and 73.14, provides a reasonable long entry.
o Stop Loss:
Placed below 73.14 to ensure a minimum 3:1 reward-to-risk ratio.
o Profit-Taking Strategy:
First target at 76.05 (38.2% Fibonacci level)
Second target at 77.86 (23.6% Fibonacci level)
Final target at 78.71, aligning with a key UFO resistance level
This approach locks in profits along the way while allowing traders to capitalize on an extended move toward the final resistance zone.
Contract Specifications and Margin Considerations
Understanding contract specifications and margin requirements is essential when trading futures. Below are the key details for CL and MCL:
o Crude Oil Futures (CL) Contract Details
Full contract specs: CL Contract Specifications – CME Group
Tick size: 0.01 per barrel ($10 per tick)
Margin requirements vary based on market conditions and broker requirements. Currently set around $5,800.
o Micro WTI Crude Oil Futures (MCL) Contract Details
Full contract specs: MCL Contract Specifications – CME Group
Tick size: 0.01 per barrel ($1 per tick)
Lower margin requirements for more flexible risk control. Currently set around $580.
Choosing between CL and MCL depends on risk tolerance and account size. MCL provides more flexibility for smaller accounts, while CL offers higher liquidity and contract value.
Execution and Market Conditions
To maximize trade efficiency, conservative traders could wait for a proper price action into the entry zone and confirm the setup using momentum indicators and/or volume trends.
Key Considerations Before Entering
Ensure price reaches the 50%-61.8% Fibonacci retracement zone before executing the trade
Look for confirmation signals such as increased volume, candlestick formations, or additional support zones
Be patient—forcing a trade without confirmation increases risk exposure
Final Thoughts
This Crude Oil Futures trade setup integrates multiple confluences—a regression breakout, Fibonacci retracements, and UFO resistance—to create a structured trade plan with defined risk management.
For traders participating in The Leap Trading Competition, this approach emphasizes disciplined execution, dynamic risk management, and a structured scaling-out strategy, all essential components for long-term success.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Short Term Pain for Long Term GainAfter an amazing and wild week last week, I believe tomorrow will be the start of an even crazier one. Trump Tariffs, Oil and Gas up along with the US Dollar, while tech is on the verge of another break down. Will Bitcoin finally break below 89k, while Gold and Silver possibly break to the upside? Exciting times if you're ready for it.
USOIL Trade Update📢 FX:USOIL Trade Update
Hey Traders!
Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil.
🔹 Fundamentals:
Trump's new tariffs are driving market sentiment, pushing oil prices higher.
Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure.
🔹 Technicals:
The descending channel breakout confirms a bullish reversal.
This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks.
🎯 Plan of Action:
We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold.
📊 Stay ready, and trade smarter! 🚀
#202505 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
comment: Market is probably finding a bottom here around 72 and on the 4h chart this looks like a lower low major trend reversal. Confirmation would only be above 74 though. So any longs with stop below 71.8 are a good trade from the current structure. Bears have tried to make meaningful lower lows but the Monday low 72.39 was only broken by 47 ticks.
current market cycle: trading range
key levels: 71 - 80
bull case: Bulls let it go a bit below 74 but it does look like they want to buy this more aggressively, given the last 2 big bull bars from Friday. They need to make higher highs now and then I don’t think many bears want to fight this after they have tried to get the market below 71 for a whole week. The 50% retracement for the complete bull trend was around 74 and for the bear leg from 79 down to 72 is around 76. So my first target for the bulls is finding acceptance above 74 and then 76. On the weekly chart you can see than bulls kept it way above the breakout price of 69, so once we are seeing decent 1h closes above 73, they have taken control of the market again.
Invalidation is below 71.
bear case: Bears want to continue sideways between 71 and 74. The longer they do this, the better for them because we are still below the daily 20ema. Market has gone nowhere the past 5 days but at least the bears closed 4 out of 5 days red. Their issue is, that they can not find sellers below 72 so the market will try only so many times at a support price before it tries the other way or strongly breaks below it. I do think we will see a bigger impulse either on Monday or Tuesday and my money is not on the bears right now.
Invalidation is above 75.
short term: Slightly bullish until we get a 1h close above 74, then really bullish for 78/80. Bearish only below 71 and on very strong selling pressure. Neutral 71 - 74.
medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85.
current swing trade: None
chart update: Added broken bear trend line and possible very shallow bull trend lines on higher tf.
Weekly and Monday analysis for Nasdaq, Oil, and GoldNASDAQ
NASDAQ filled the gap and closed lower after facing resistance. As mentioned last Friday, the 21,911 level was a likely resistance zone due to the nature of the gap. This resistance played a significant role, and coincidentally, concerns over tariffs imposed by former President Trump on Mexico and Canada intensified, leading to a decline into the afternoon session.
Since the monthly candle has closed, let's first analyze the monthly chart. Last month, I mentioned that a decline to the 5-day moving average (20,880) was possible before a rebound, and indeed, the index rebounded from 20,700. Given that the price sequentially bounced from the 3-day and 5-day moving averages after breaking out of the monthly range, this month presents a challenging situation for determining direction. While further upside is possible, the monthly MACD may attempt to reduce its gap with the signal line, making a strong rally less likely. If a sharp rally occurs, the upper Bollinger Band at 22,736 should be considered as resistance. On the downside, the monthly 5-day moving average at 21,084 may be tested this month. Since the market could move in either direction, chasing momentum on the monthly chart should be approached with caution.
On the weekly chart, a sell signal remains active, with the MACD failing to cross above the signal line, suggesting that further downside remains likely.
On the daily chart, while the MACD has not yet crossed below the signal line, today's bearish candle close may trigger a sell signal, opening the possibility of a move toward the lower Bollinger Band and the 120-day moving average. If the MACD does not break down and instead turns higher while the price rises, it will be crucial to see if the 21,911 gap is decisively broken and closed with a bullish candle.
On the 240-minute chart, a buy signal is still in place, and the index remains in a large range. Buying on dips remains favorable, but if a sell signal appears, the current moving average setup suggests a high probability of sharp declines.
This week, Google's earnings report on Tuesday and the Non-Farm Payrolls (NFP) report on Friday are key events to watch. Additionally, with the potential impact of Trump’s tariff policies increasing market volatility, traders should manage leverage carefully and remain cautious.
Crude Oil
Oil closed near breakeven but surged in after-hours trading following reports that Canadian energy imports may face new tariffs.
On the monthly chart, oil remains within a range, but the MACD is persistently attempting to cross above the signal line. Last month’s breakout from a four-month consolidation range suggests that buying on dips at the 3-day moving average may be a favorable strategy.
On the weekly chart, the buy signal remains intact. Despite some pullback, the large gap between the MACD and the signal line suggests that a sharp breakdown is unlikely.
On the daily chart, as previously mentioned, the $72 level remains a strong buy zone. The MACD is in a steep downtrend, but given the presence of prior demand zones and the 240-day moving average acting as support, a technical rebound could be strong after two weeks of declines.
On the 240-minute chart, the MACD has bounced off the signal line, forming a bullish divergence, making long positions more favorable. Given the characteristics of the 240-day moving average, a rebound toward $74.50 is technically reasonable.
Overall, buying on dips remains a preferred approach, but market volatility is increasing due to geopolitical uncertainties, so trade cautiously.
Gold
Gold pulled back as profit-taking emerged after a sharp rally, closing lower after finding support at the 3-day moving average.
On the monthly chart, gold formed a strong bullish breakout candle, making dips toward the 3-day moving average (2,770) a favorable buying opportunity this month. A pullback to this level should be expected.
On the weekly chart, a buy signal appeared last week, but the MACD’s lower value compared to the previous peak suggests a potential bearish divergence. This means that despite breaking above prior highs, if the MACD fails to confirm with strong upward momentum, the rally may weaken. Caution is advised when chasing momentum.
On the daily chart, today is a key day for buy setups near the 5-day moving average, making a pullback likely. However, the broader trend remains bullish, so rather than shorting, traders should look for opportunities to buy on pullbacks at key support levels.
On the 240-minute chart, gold is facing resistance and declining. The MACD is at a high level, meaning even if a bearish crossover occurs, attempts to move higher may persist. Buying near support remains the preferred approach.
With Trump’s increasing policy activity and China’s Deepseek issues, market volatility is expected to rise. Always prioritize risk management and trade safely. Wishing you a successful trading month!
■Trading Strategies for Today
NASDAQ - Bullish Market
-Buy : 21,530 / 21,460 / 21,420 / 21,370 / 21,290
-Sell : 21,590 / 21,690 / 21,775 / 21,850 / 21,930
Crude Oil - Range Market
-Buy : 73.50 / 72.90 / 72.40 / 72.00
-Sell : 74.50 / 75.00 / 76.00 / 76.40
Gold - Bullish Market
-Buy : 2,825 / 2,820 / 2,812 / 2,807 / 2,804
-Sell : 2,841 / 2,846 / 2,852 / 2,856 / 2,860
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USOIL pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 71.64.
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USOIL What Next? BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 73.75
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 76.36
My Stop Loss - 72.34
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
WTI on high time frame
"Dear traders, concerning WTI, the price has touched $73 and has been technically rejected from this level. Candle formations on higher time frames suggest a potential increase in price. Considering the political and geopolitical factors outlined in this article (www.tradingview.com), if the price can hold above the $73 zone, my view is that the next target could be $76."
If you have any specific questions or need further assistance with your message, please let me know!