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S&P 500 Faces Rejection at Key Resistance?📉 False Breakout or Consolidation? S&P 500 hit 6,129 but failed to hold above it, retreating to 6,090 (-0.75%). This level marks a key resistance zone, with sellers stepping in to cap gains. 🔍 Key Technical Levels: Resistance: 6,129 → Previous high, acting as a short-term ceiling. Support: 6,018 (50-day EMA) → First area bulls want to defend. 5,900 → Stronger structural support if momentum weakens. 📊 Momentum Check: RSI at 54.86 → Neutral, room for both upside and downside. Price remains above the 50-day EMA, keeping the uptrend intact for now. 🚀 What’s Next? Bulls need a decisive close above 6,129 to confirm a breakout. A rejection here could trigger consolidation or a pullback toward the 50-day EMA. Watching for either a breakout confirmation or a deeper retest of support levels. -MW
FOREXCOM:SPX500
by FOREXcom
Oil and Gas Markets: Key Trends and Investment InsightsCrude Oil: Inventory Trends and Price Implications One of the most closely monitored indicators in the EIA report is the level of U.S. crude oil inventories, which reflects the balance between supply and demand. Rising inventories typically signal an oversupplied market, exerting downward pressure on prices, while declining inventories suggest tightening supply conditions that may support higher prices. According to the latest data, U.S. crude oil inventories increased by 4.1 million barrels, bringing total stockpiles to 427.9 million barrels, which remains 4% below the five-year seasonal average. Meanwhile, West Texas Intermediate (WTI) crude oil prices TVC:USOIL fell to $70.22 (February 16) per barrel, marking a $5.94 year-over-year decline. This trend highlights the ongoing market rebalancing and the potential for continued price volatility. For traders, sustained inventory growth may reinforce bearish sentiment, supporting strategies such as short positions on WTI futures or exposure to energy sector ETFs like XLE . And conversely, should inventory levels begin to decline, a reversal in sentiment could present opportunities in Brent ICEEUR:BRN1! and WTI futures, particularly near key technical support levels. Gasoline and Diesel: Demand Trends and Market Impact The gasoline and distillate markets provide additional insight into consumer and industrial demand. Gasoline inventories fell by 3.0 million barrels, bringing stockpiles 1% below the five-year seasonal average, while distillate inventories remained constrained, sitting 11% below historical levels. Demand indicators reinforce these trends, with motor gasoline consumption rising by 0.9% year-over-year to 8.3 million barrels per day (bpd) and distillate fuel demand increasing by 13.6% year-over-year. This heightened demand, particularly for diesel fuel, reflects strong industrial and transportation activity, which may keep pressure on supply. In this environment, refining margins become a key consideration. Gasoline supply constraints may support seasonal price increases, benefiting RBOB gasoline futures NYMEX:RB1! and select refining stocks such as Valero Energy $NYSE:VLO. Similarly, tight diesel inventories could sustain heating oil futures www.tradingview.com , particularly during colder months when heating demand remains elevated. Liquefied Natural Gas (LNG): Exports and Geopolitical Considerations The role of U.S. natural gas in global markets continues to expand, with LNG exports averaging 13–14 billion cubic feet per day (bcf/d) and reaching peak capacity levels of 16 bcf/d. Europe and Asia remain key buyers, with European demand increasing due to reduced Russian pipeline supplies. While LNG exports provide a lucrative market opportunity for U.S. producers, they also introduce geopolitical and policy-related risks. Any restrictions on Russian LNG exports or transit disruptions—such as those affecting shipments through the Panama Canal—could push global LNG prices higher. At the same time, U.S. policymakers may seek to prioritize domestic energy stability, potentially limiting export volumes to prevent domestic shortages and price inflation. For investors, the evolving LNG landscape presents both risks and opportunities. Continued strength in U.S. LNG exports could favor natural gas ETFs CAPITALCOM:NATURALGAS and producers like Cheniere Energy . However, policy shifts or trade restrictions could increase volatility, requiring traders to closely monitor developments in both energy and geopolitical spheres. Key Takeaways for Investors and Traders The EIA Weekly Petroleum Status Report offers valuable insight into energy market dynamics, providing traders with key signals to inform their strategies. Investors should focus on: • Crude oil inventory shifts, which indicate supply and demand imbalances. • Refining activity and fuel demand trends, particularly in gasoline and diesel markets. • LNG exports and policy changes, as these factors influence global energy flows and price volatility. With crude prices hovering around $72 per barrel and natural gas markets facing geopolitical uncertainties, energy investors should remain attentive to fundamental data and policy shifts that may shape price movements in the closest weeks ahead.
NASDAQ:NQG60
by igorisaev
NASDAQ: Opening selloff is a buy opportunity.Nasdaq remains bullish on its 1D technical outlook (RSI = 60.351, MACD = 161.240, ADX = 29.408) despite today's selling early into the session. This indicates that relative to the bullish long term trend, this correction is a buy opportunity, especially as the index hit its 4H MA50. This happens to be at the bottom of the 20day Channel Up, a pattern potentially identical to the December 10th low of the Channel Up. We are long, expecting a new +3.80% rise (TP = 22,700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
Germany 40: Entering a Period of Big Event RiskIn some ways it was no surprise to see the Germany 40 index fall 1.8% yesterday, which was its biggest drop for well over 2 months. After all it has been quite a rally to start the year and there had to be some profit taking at some stage, surely! The rally has seen multiple record all-time highs hit, supported by an improving earnings backdrop, hopes of a peace deal in Ukraine, delays to the trade tariffs threatened by President Trump and rate cuts from the ECB. However, some uncertainty has started to creep in across this new trading week about the ability of the Germany 40 index to sustain this current uptrend. President Trump has talked about imposing import tariffs of up to 25% on imports of automobiles, semiconductors and pharmaceuticals, which could start in early April, not good news for the German exporters. ECB committee member Schnabel suggested in an interview with the FT, that the ECB will have to discuss taking a break from rate cuts soon, or even consider stopping altogether, which cast some doubt on market expectations for ECB rate cuts across the rest of the year, while the cost of peace in Ukraine also doesn’t look as positive for European nations as it potentially did only a week ago. Oh, and there is an election in Germany over the weekend, which while initially supporting gains in the Germany 40 index at the start of 2025 on optimism the country may loosen its strict borrowing rules, has now reached a reality check moment, given that election outcomes rarely run smoothly. For a deeper dive into the potential market impacts of the upcoming election, check out our 2025 German Federal Election Preview. For a deeper dive into the potential market impacts of the upcoming election, check out our 2025 German Federal Election Preview. So, with this in mind, accompanied by the preliminary February PMI survey updates tomorrow for Germany (0830 GMT) and Eurozone (0900 GMT), event risk and the potential for volatility moving into to next week is elevated. Looking at the Technical Picture. After what has been an extended phase of price strength during February, the German 40 index finally saw a correction develop on Wednesday, as a possible reaction to over-extended upside price conditions materialised. However, we all know, prices never move in straight lines, be it to the up or downside. It could even be argued that this weakness within an uptrend, is a healthy correction that unwinds upside extremes before further price strength emerges, and that may be the case for the Germany 40, as long as important support levels remains intact. So, is this latest weakness a normal limited reaction to over-extended upside conditions, or has an important high been posted at 22936 on February 19th, from which an extended phase of price weakness may develop? Currently, this is an impossible question to answer with anything more than a low conviction outlook but monitoring the key support levels moving forward may help us to establish the next directional themes. What are the German 40 Index Support Levels to Monitor? If the sell off was to extend further to the downside then it may be worthwhile for traders to watch how well Fibonacci retracement levels of the February advance perform as support levels. The 38.2% retracement stands at 22236, which could mark an area where buyers materialise again. However, this point giving way may in turn lead to a continuation of recent weakness towards 22020, which is the deeper 50% retracement. Closing defence of 22020 could be watched, as while intact, it’s possible further attempts to extend positive themes may be on the cards, which could even lead to retests of the 22936 February 19th all-time. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by Pepperstone