2025/02/03
Daily 4XSetUps - UKOIL Terrain Is Bearish But Not Hopeless (Yet)
“9 of the last 13 days have been bearish since the annual high in 2025!
bearish or what? under the sideway trend? and under downward trend?”
Concerns about a new trade war under US President Donald Trump sent the European stock exchanges plummeting this Monday, February 3, 2025. Trump is probably starting things off with high tariffs of +25% on goods from Canada & Mexico and/or +10% on China. What depressed the mood here in Europe in the published press. Because many European companies, especially in the automotive industry, have their production sites in Canada and/or much more in Mexico and are therefore also affected by the US measures. Many have already gone a step further and now fear that Trump will soon turn to them too. “As Mexico and Canada hit back, China pulls punches on Trump’s tariffs”, Al Jazeera wrote today.
However, the surprisingly further rise in consumer prices in the Eurozone in January 2025 left the stock markets unaffected, as did the improvement in sentiment among industrial companies in the Eurozone. “The annual inflation rate in the Euro Area edged up to 2.5% in January 2025 from 2.4% in December, slightly above market expectations of 2.4%, a preliminary estimate showed.”, published Trading Economics. “The HCOB Eurozone Manufacturing PMI was revised up to 46.6 in January 2025, beating the preliminary estimate of 46.1 and improving from 45.1 in December.” A double-edged sword - an improved mood in the industry, while inflation is already increasing again, admittedly (still) at a low level.
The EuroStoxx 50
EURO50 ultimately lost -1.30% to 5,217.91 points today. The latest price rally, which had recently brought the Eurozone leading index to its highest level since the turn of the millennium, came to an abrupt end. The British FTSE 100 
UKX lost -1.04% to 8,583.56 points. In the Swiss SMI 
SMI , which was also strong, the decline was much more moderate at -0.40% to 12,546.77 points.“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”
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%
$78.54 : 2024/01/22 - 200 SMA hl/2
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
$76.08 : 2024/11/05 - November 2024 High
$75.51 : 2025/02/03 - last price action
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
Today's trading day was once again a red bearish trading day - this time, on Monday, February 3rd, 2025 with a minus of -1.16%. Which doesn't sound bad, admittedly - it was a gift. But if we take into account that we opened the week with a bullish GAP, which was more than regained by the bears over the course of the day, it promises a bearish week. Because from the daily high of $77.21 to today's daily low of $75.08 it is always -2.76%. And if you don't ignore the medium-term downward trend, which runs between more or less $77.50 & $77.00 this week - after the false breakout (at the beginning of 2025) - from today's perspective you have to say that the outlook now looks rather bearish in
UKOIL . Even though I'm still holding on to this long UKOIL 4XSetUp. Because if the bulls regain the ground around $76.41 during the rest of this week!? Then things should look better again for the coming week?! But let's wait until tomorrow.------------------------------------------------
$88.00 : 2025/06/30 - Target Price
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$76.19 : 2025/01/06 - Entry Price
$75.51 : 2025/02/03 - last price action
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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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.