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OIL Hey traders! I’m eyeing a short-term LONG on Crude Oil this week. Here’s why:** 1. 1H Oversold, Ready to Bounce • The one-hour chart is flashing oversold signals (like RSI <30). When the market gets this stretched, it often snaps back—especially if there’s a nearby support level to lean on. 2. Support Turned Support… Again • Remember that old consolidation range from a couple of weeks back? The upper boundary that used to be resistance is now looking like solid support. If buyers step up here, we could see a decent pop. 3. Range-Bound = Quick Opportunities • Overall, oil is in a “wait-and-see” phase—no major macro catalyst is pushing it into a full-blown trend. That can be boring for big swing trades, but it’s great for short-term bounces. I’m aiming to grab a few points on a recovery.
Keep an Eye On: • EIA Weekly Petroleum Status (Wednesday, 10:30 a.m. ET) – Big inventory surprises can spark volatility. Watch those numbers if you’re in this trade. • Stop & Target – I’ll keep my stop-loss just under the support zone to limit risk if this level doesn’t hold. My near-term target is the mid-range of the last 1H consolidation band (or you can trail stops if the bounce has real momentum).
Final Note: • This isn’t a huge macro play—just a short-term technical setup. If the support breaks, I’m out quick. If we catch a bounce, I’ll lock in profits or move my stop to breakeven. • As always, do your own due diligence and manage risk. No single setup is ever a sure thing!
XAUUSDSILVEROILNATGASCOPPER Market Flow Update: • Crude Oil: Neutral. Institutions are neither aggressively buying nor selling. ETF outflows offset bullish option sentiment. Inventory data will determine the next move. • Gold: Leaning Bullish. Strong long interest and supportive macro, but ETF outflows temper enthusiasm. Confirmation needed from resumed inflows. • Natural Gas: Neutral, highly volatile. Bearish structural data vs. bullish short squeeze potential. Market remains in equilibrium, awaiting the next catalyst. • Copper: Bullish. Strong institutional accumulation with no contradictions. China’s PMI next week is key for validation. • Silver: Moderately Bullish. ETF inflows indicate accumulation, but futures positioning lags. If funds add longs, outlook strengthens.