2025/01/23
Daily 4XSetUps - Hopefully Conciliatory Bullish In UKOIL
“first green bullish trading day after 5 red bearish trading days!
is this the turning point? is it going bullish up again now?”
After the impressive record run of the
DAX he increased again today, on Thursday, January 23rd, 2025. Our leading German index rose by +0.2% to 21,300 points in the early afternoon. However, the leading index was initially unable to reach a new record high. Our DAX had reached highs on five of the last six trading days. Since the beginning of the year alone, the profit has already been an impressive +7%. But let's get to the price action of our long UKOIL 4XSetUp. And back to Trump too! Because it was clear from the first day as US President: Donald Trump is counting on the comeback of fossil fuels. One of the first decrees signed was the withdrawal from the Paris Climate Agreement. This enables more oil and gas drilling in the USA. And also that the prices for the US taxpayer & US consumers, at the gas station, are falling! Because the USA is already the largest country in terms of oil production. But will it push the price of oil down? That is questionable! Because when it comes to oil exports, the USA is in fourth place - behind Saudi Arabia, Russia and/or Canada. Which, if you will, are the bigger brokers. As does OPEC. But let's move on from the basic news overview to the details of today's price action in 
UKOIL .“If you can think for yourself while being open-minded in a clearheaded way to find out what is best for you to do, and if you can summon up the courage to do it, you will make the most of your life.”
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%
$79.20 : 2025/01/23 - last price action
$78.54 : 2024/01/22 - 200 SMA hl/2
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
As I wrote yesterday and/or discussed for the first time I have also added the 200 SMA trend following indicator - independent of the importance of the downward trend. To underline the importance of the downward trend, is the fact that the price action is more or less around $1 below the current price action in today's
UKOIL ! That's why wait and/or see what happens. And lo and behold - we have another bullish trading day today! Hopefully it will be forgiving for us cops, at least until the weekend? $80.71 and/or $80.36 are the intraday bullish targets for the last 33h, this week. Because the first closing price was $80.71 on Friday, January 10th, 2025, after the important break out of the medium-term downward trend lasting several months. And in the case of $80.36 is this the opening price of the last intraday high, during the annual high for 2025, from January 15, 2025. That's why hopefully a conciliatory, bullish end to the weekend.------------------------------------------------
$88.00 : 2025/06/30 - Target Price
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$79.20 : 2025/01/23 - 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.
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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.