Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
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May profits be upon you.
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Brent
UKOIL (Brent) Technical Analysis - VideoIn my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea:
Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March tends to be a bearish period for Brent.
Disclaimer: Remember, this analysis is based on technical factors and should not be seen as direct financial advice. Trading commodities is inherently risky. Before making any trades, always consult with a qualified financial professional and carefully consider your own risk appetite.
UKOil Brent Technical Analysis And Trade IdeaIn this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis, encompassing essential components such as evaluating the current market trend, price dynamics, market structure, and other indispensable aspects of technical analysis. As we progress through the video, we meticulously scrutinize a potential trading opportunity in Brent Oil.
It is imperative to stress that the insights shared in this content are exclusively intended for educational purposes and should not be misconstrued as financial advice. Participating in the foreign exchange market trading carries a significant level of risk. Therefore, it is vital to prudently incorporate robust risk management strategies into your trading plan to navigate these challenges effectively.
USOIL Technical Analysis and Trade Idea (applies to WTI Brent)This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established yet, as the price action is forming a triangle pattern on the daily chart evidenced by lower highs and higher lows. A further downward movement that breaks the current support level would signal a possible bearish continuation scenario. This video is for educational purposes only and does not constitute financial advice.
CRUDE OIL (WTI) Detailed Technical Outlook 🛢
I received a lot of questions about WTI Crude Oil.
Analyzing a weekly time frame, we can spot that the market is currently
approaching a significant supply zone.
Even though we see a strong bullish rally since the beginning of summer,
I will anticipate a further growth only after a bullish violation of that entire area: 92.5 - 97.8.
Alternatively, analyzing a daily time frame, we can identify a recent retracement from the underlined red area and a strong daily support that was nicely respected.
At the moment, I also see a completed cup & handle pattern there.
A bearish breakout of its neckline - daily candle close below 87.5 will be your bearish confirmation.
I am monitoring oil closely and if I see a good trading setup, I will definitely share that with you.
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CRUDE OIL (WTI) Bearish Pattern Explained🛢
WTI Crude Oil has recently reached a key horizontal resistance.
Testing that, the price formed a head and shoulders pattern.
Its neckline was broken yesterday.
The price is currently retesting that.
I believe that selling volumes are currently accumulating.
Probabilities are high that we will see a bearish move soon.
Goals will be: 69.87 / 68.11
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