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Breakout

AUD/CHF Testing Strong Support at 0.56750 with Bearish OutlookThe AUD/CHF chart shows a strong bearish trend, with the price having retested the 0.56750 support level twice. Despite this support, the downtrend indicates that the pair may break below this level. The expectation is for the price to move further down toward 0.56472 if the support is breached. This support level has held previously, but current momentum suggests a potential breakdown, aligning with the bearish trend.
Short
by ClearTradingMind
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year. The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July. The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020. The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020. Kind Regards, Ely
TVC:USOILLong
by Elysian_Mind
Trade Setup: SUI Long Position (Support Breakout) Market Context: SUI has broken above the prior support level from August and is showing strength by not fully retracing. This breakout provides a promising opportunity for a long trade. Trade Setup: Entry: Long spot position around $0.79. Take Profit: First target: $0.88 Second target: $1.00 Final target: $1.155 Stop Loss: $0.71 📊 This setup capitalizes on the breakout, with multiple profit targets to capture gains, and a stop loss to manage downside risk. #SUI #CryptoTrading #Breakout
Long
by Richtv_official
Apple - Still Outperforming Everything!Apple ( NASDAQ:AAPL ) is stronger than 99% of stocks: Click chart above to see the detailed analysis👆🏻 Despite the recent stock market weakness, Apple is trading at new all time highs. This clearly indicates that buyers don't let this stock down but are rather buying every dip. Even though Apple is retesting a channel resistance, a breakout followed by a rally is definitely possible. Levels to watch: $230, $280 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AAPLLong
by basictradingtv
NVIDIA BUY ZONES ACTIVE ?As posted before after the earnings report we’ve seen the stock drop from 127 to 105 after a blowout report. Here’s my current idea of a scenario 1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday 2. NVDA buy opportunities towards $125-$140 or above 3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed. 4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area. Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets. This is a prediction. Good luck to all!
NASDAQ:NVDALong
by R2CTrading
GBPJPY 191.974 -0.61% INTRADAY - SWING IDEA LONGHELLO TRADERS Hope everyone is doing great 📌 A look at STERLING from intra-day to possible SWING 4H GBPJPY * STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range. * The bearish OB has been violated as we traded above it, possibly signalling some bullish moves. * should we reject the range looking to hold GJ swing to the upside. 1H GBPJPY * Not much is different from the hourly but we see that we are not beaking that intermitted low. * significant bullish momentum outside the range will be a signal for me. on the 15M ASIA trended nicely to the down side beautiful price action, probably signaling bad NY AM session but most like bullish signals. * a sweep of the low would have been great but we will see how price moves. * The weekly & daily TF show we are still showing signs of a Bullish move. * GJ took internal range LQ, looking for that external range LQ to be taken. * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
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