Long

Daily 4XSetUps - UKOIL Gorgeous Into Weekend With Excact +4%

2025/01/11
Daily 4XSetUps - UKOIL Gorgeous Into Weekend With Excact +4%
“last week the oil price action was as bullish as originally expected!
was this the calm before the storm? will this be confirmed next week?”

At its last meeting, OPEC+ postponed its plan to withdraw from joint production cuts due to falling global demand and rising US production last month. The organization, which supplies about half of the world's oil, decided to delay production increases by three months and full production recovery by a full year, until the end of 2026. What does that mean? The fact that Trump will be returning to the White House on January 20, 2025 is already influencing price action today! And not just in relation to the price of oil but also to the stock markets , let alone bonds . Because what the US Democrats have left him is a monetary material disaster that widens the gap even further between those who have something financially material and those who have nothing - so called WallStreet & MainStream difference. I can't shake the feeling I had back then when Jim Cramer screamed in Camera: "They know nothing!" - before first Bear Stearns Bank and then Lehman Brothers Bank went under. But of course today in a different context - because with the US election an era actually seems to be coming to an end! Which era? The era of cheap money! The era of cheap money - with only worse money being thrown after it! And especially in our so-called West - even led by the USA.

The era of cheap money - with only worse money being thrown after it - is over! And that means that today traders and/or investors (even little simple ones, like you and I) have the opportunity to buy interest-bearing securities again! What? Maybe an entire generation is wondering? That's right - since the low interest rate policy in 2008! And especially in our so-called West - even led by the USA. It is always the imagination that determines the price action - not only in our case - the imagination because the price action always tries to anticipate the future. That is the function of the price action of the financial market - that's why we are investing and/or trading. Until hope becomes reality - or not. However, even according to my research, it is unclear whether the CRA (Congressional Review Act) could achieve this goal. Whether Trump will actually reverse the green new deal on January 20, 2025. But it is another expression of the fear of an impending inflation bubble - which I don't want to hide either. Which is why the dangers of inflation seem to be overshadowing Wall Street like a sword of Damocles more than currently - because 50% of global oil demand is being screwed down by most Muslims, and/or also Russia. What makes supply scarcer - the price tends to rise if demand remains the same, during more and/or more using it. That's why Trump is putting further pressure on his “drill baby, drill baby, drill baby” program to be even faster and higher, so that at least something changes in the wallets of US taxpayers and US consumers. About an export surplus today, and thus a part of the consolidation in the USA's external balance, today I don't even want to think about. Because to bring the down Donald Trump needs policy change on both frontlines: OPEC Policy and/or green domestic policy. However, this week Biden and/or Harris once again thwarted his attempt to make the US economy a growth engine again. Reuters reported over the course of the week “Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term”. Which was immediately answered by Karoline Leavitt, Donald Trump's spokesman, with "Biden Drill Block 'Disgraceful,' 'Political Revenge,” as the Washington Examiner reported. Why the price action still ended during this week its trading days with over +1% and/or -1%. A foretaste of what lies ahead when Donald Trump enters the White House! On the same day, the Competitive Enterprise Institute also reported "Biden's last-minute oil drilling ban should be undone by Congress” - but this has since been questioned again. Because many assumed that Trump would also revoke this on January 20, 2025, among other things. Just like Biden did back in 2021, with his green deal, which gave us all the inflation. I'm not a lawyer. But it should be clear that this is one of the reasons why the price action is so volatile. And this is regardless of whether the CRA (Congressional Review Act) can be implemented with state legitimacy as a means of reversing Biden's actions or not.

“Every leader must decide between 1) getting rid of liked but incapable people to achieve their goals and 2) keeping the nice but incapable people and not achieving their goals. Whether or not you can make these hard decisions is the strongest determinant of your own success”
Ray Dalio

$92.14 : 2024/04/12 - Annual High 2024
$87.92 : 2024/07/05 - 1st Highest High After AH 2024
$82.35 : 2024/08/12 - 2nd Highest High After AH 2024
$81.12 : 2024/10/07 - Bullish Intraday High +3.89%
$79.62 : 2025/01/10 - last price action
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
$76.08 : 2024/11/05 - November 2024 High
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
$69.95 : 2024/10/01 - October 2024 Low
$68.71 : 2024/09/10 - Annual Low 2024
These are the most important price actions for . Which may not be necessarily relevant in everyday life, i.e. in day-to-day business this week? But in any case, if new news should move bullishly upwards or bearishly downwards, you should always keep it in mind! The decisive factor for this calendar week is the daily high of $81.12 on Monday, October 7th, 2024 and/or also the daily low of $76.41 on the following Tuesday, October 8th, 2024. Which represents a trading range of an impressive -5.81% within 48 hours. "Oil prices slumped by more than 4% early on Tuesday as traders have yet to see an actual supply disruption in the Middle East while focusing on China’s underwhelming demand again." - headlined oilprice.com at the time. It seems like that we bulls have the scenario

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$88.00 : 2025/06/30 - Target Price
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$79.62 : 2025/01/10 - last price action
$76.19 : 2025/01/06 - Entry Price
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron

“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.

Devise2Day

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