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Crudeoil!

Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed lower, facing resistance near the 20-day moving average. It struggled at the midpoint of the long bearish candle formed on January 7 (21570), which coincides with the upper trendline resistance originating from the December 16, 2023 high (22450). The market's direction—whether it breaks above the upper trendline resistance around 21500 or reverts to the center of the downtrend—remains to be seen. On the weekly chart, a sell signal has been triggered. On the daily chart, the significant gap between the MACD and signal line suggests a higher likelihood of continued downside. However, after consolidating around the center of Wednesday's large bullish candle, the market may trade sideways for a few days before determining its next direction. On the 240-minute chart, both the MACD and signal line are above the zero line. After consolidating in a box range, the market may see a bullish third wave supported by the MACD holding above the signal line. Alternatively, a dead cross could form, signaling a shift to bearish momentum. For today, a range-bound strategy focusing on selling at highs and buying at lows is appropriate. Note that Fridays can often bring choppy price action. CRUDE OIL Crude oil closed lower after facing resistance at the upper monthly boundary. On the daily chart, the significant gap between the price and moving averages increases the risk of pursuing long positions at higher levels. If oil breaks below the 5-day moving average, the 10-day moving average or the $74–$75 range could act as support. A pullback to these levels would provide an opportunity for buying on dips. The recent month-long rally has caused the MACD and signal line to diverge significantly above the zero line, supporting a buy-on-dip strategy during corrections. However, as mentioned previously, a sell signal has appeared on the 240-minute chart, along with MACD divergence, suggesting a higher probability of additional downside. The recent $79 rally could represent the head of a head-and-shoulders pattern, with the right shoulder acting as resistance upon a rebound. Below $76, strong support exists, so box-range trading near critical levels is recommended. GOLD Gold closed higher, supported by declining Treasury yields. The daily chart confirms a fully established uptrend, making it advantageous to focus on buying during pullbacks. Treasury yields, which have been inversely correlated with gold, are also showing sell signals, suggesting further downside in yields and strength in gold. If gold breaks above the 2755 level, it could test the weekly chart resistance at 2788. However, resistance at this level may prevent the weekly MACD from forming a golden cross, leading to a consolidation phase over the next few weeks. On the 240-minute chart, strong buying momentum suggests a bullish third wave that could replicate the prior move from 2625 to 2735. With the clear daily trend and one-way price action, this is a favorable period for swing trading to maximize profits. Traders should consider this an opportunity to grow their accounts. This week included major events like the CPI report. Next Monday, Donald Trump will officially be inaugurated as U.S. President. Given past market volatility during Trump's presidency, expect heightened price swings ahead. Always adhere to stop-loss levels and manage risks diligently. Wrap up the week well, and best of luck in your trading endeavors. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21150 / 21090 / 21020 / 20940 -Sell: 21330 / 21370 / 21420 / 21490 Crude Oil - Bullish Market (March futures) -Buy: 77.50 / 77.00 / 76.20 / 75.70 / 74.90 -Sell: 78.55 / 79.00 / 79.35 / 80.30 Gold - Bullish Market -Buy: 2738 / 2729 / 2722 / 2715 / 2700 -Sell: 2757 / 2765 / 2772 / 2780 / 2788 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, digesting the release of the CPI data. On the weekly chart, it faced resistance at the 5-week moving average, forming an upper wick. After a downtrend early this week, the market rebounded significantly. On the daily chart, the index rose to around the 20-day moving average but has yet to see the MACD cross above the signal line, making it premature to confirm a buying signal. Even if the uptrend continues, it would be prudent to wait for a golden cross in the MACD before committing to a buy position. Moreover, there is significant resistance from prior supply zones, making a sell strategy around higher levels valid. On the 240-minute chart, as mentioned previously, a failed dead cross led to a rebound, forming an inverse head-and-shoulders pattern. The MACD is trending upwards and diverging from the signal line. However, since the signal line is still below the zero line, a sideways consolidation phase may be necessary before a sustained move higher. Today, it is advisable to focus on range-bound trading within a box, managing risks carefully with sell strategies at higher levels. OIL Crude oil closed higher as it absorbed inventory data and the pipeline shutdown news. On the daily chart, it found support at the 5-day moving average and broke strongly above $78 (March futures), the upper boundary of the monthly chart. However, the sharp upward move has created significant gaps between the moving averages, suggesting the potential for a corrective phase today. On the 240-minute chart, a buy signal has triggered a sharp rise, but the MACD has not yet surpassed its previous high. A failure to rally further could create bearish divergence. A significant correction and support at previous resistance levels, such as the $74–$75 range, could present a buying opportunity. Meanwhile, profit-taking may dominate as the market digests the recent rally. A box range approach with buy strategies on dips and sell strategies at higher levels is recommended. GOLD Gold closed higher after digesting the CPI data. On the daily chart, both the MACD and the signal line have moved above the zero line, signaling a confirmed buy trend. Further upside is expected, as it has also broken above the resistance line of a triangular consolidation pattern. A buy-focused strategy remains valid. On the 240-minute chart, a buy signal preceded continued gains. Should the MACD and signal line diverge further, this would increase confidence in the uptrend. Even if gold consolidates instead of continuing to rally, the signal line above the zero line indicates a neutral-to-positive outlook. Considering that the 10-year U.S. Treasury yield is showing signs of peaking and pulling back, gold’s strong upward trend is worth monitoring closely. As numerous data releases are expected today, stay cautious and trade wisely. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21325 / 21270 / 21190 / 21140 -Sell: 21440 / 21500 / 21550 / 21590 Crude Oil - Bullish Market (March futures) -Buy: 78.10 / 77.50 / 76.90 / 76.30 -Sell: 79.70 / 80.10 / 80.80 / 81.30 Gold - Bullish Market -Buy: 2717 / 2709 / 2700 / 2696 / 2690 -Sell: 2726 / 2732 / 2738 / 2745 / 2754 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower after facing resistance at the 5-day moving average. As mentioned yesterday, selling at the 5-day moving average was an effective strategy, and since it touched the 5-day line during the pre-market, sell-side trades were easier throughout the day. The daily chart shows continued selling pressure with six consecutive bearish candles. As discussed, it's important to monitor the 120-day moving average support and keep an eye on a potential overshoot down to the 20,300 area. On the 240-minute chart, the MACD has crossed above the Signal line (golden cross), but selling pressure persisted. While a death cross has not yet formed, if it does, it could trigger a third wave of selling. Conversely, a failure to form a death cross could lead to a rebound, potentially forming an inverse head-and-shoulders pattern. Avoid chasing sell-offs and focus on range-bound trading strategies. Additionally, today’s CPI release could cause a lower wick and a bullish reversal candle, so caution is advised. Oil Crude oil closed lower after facing resistance near its recent high. The $79 level remains a strong resistance zone, and the significant divergence from the moving averages makes it difficult to break above easily. Some correction was expected in this area, and while the price has pulled back, it remains far from the 5-day moving average, suggesting the potential for further declines. The daily chart indicates support in the $75–$76 range, and a drop to this area should not be ruled out. On the 240-minute chart, a sell signal on the MACD has appeared, but there is still divergence from the zero line, making buying at major support levels a preferable strategy. Selling near $79 remains valid. Additionally, oil inventory data is scheduled for release today, which may influence the market. Gold Gold ended with a doji candle, forming a small range after digesting the PPI data. Today’s CPI release is expected to provide a clearer direction for the market. Recent declines in expectations for additional rate cuts have been supporting gold prices. As today’s inflation data impacts Treasury yields, gold’s direction will likely hinge on the bond market's response. If gold forms a bullish candle today, both the MACD and Signal lines may rise above the zero line, continuing the bullish trend. Conversely, if gold closes with a bearish candle, it is likely to remain within the $2,625–$2,725 range for the time being. On the 240-minute chart, support around $2,680 is key, with the MACD potentially attempting to cross above the Signal line. Failure to form a golden cross could result in further declines. Focus on buying during dips before the CPI release, as this is the most favorable approach today. Wishing you a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,840 / 20,780 / 20,745 / 20,570 -Sell Levels: 21,015 / 21,070 / 21,120 / 21,190 / 21,320 Oil - Bullish Market -Buy Levels: 77.50 / 76.90 / 76.50 / 75.70 -Sell Levels: 78.60 / 79.10 / 79.65 / 80.10 Gold - Range-bound Market -Buy Levels: 2,683 / 2,674 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,704 / 2,712 / 2,717 / 2,723 / 2,729 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
WTI Crude Oil Probes Trend Line Resistance at 5-Month HighsChart Analysis: WTI Crude Oil is approaching a pivotal juncture as it tests the long-term descending trendline resistance, while short-term momentum remains firmly bullish. 1️⃣ Downtrend Resistance (Red Line): Prices are testing the multi-month descending trendline resistance near $78. A breakout above this level could signal a shift in the broader bearish structure. 2️⃣ Moving Averages: 50-day SMA (blue): Rising steadily at $70.51, providing dynamic support for the recent uptrend. 200-day SMA (red): Flattening around $75.06, aligning with the key breakout zone. 3️⃣ Momentum Indicators: RSI: At 72.05, indicating overbought conditions, which could precede a short-term pullback. MACD: Bullish momentum is intact, with the MACD line above the signal line and accelerating in positive territory. What to Watch: A sustained break above the descending trendline and the 200-day SMA could pave the way for a test of $82-$85 resistance levels. Overbought RSI warrants caution; traders should monitor for bearish divergences or signs of exhaustion. Failure to break above resistance could see prices retrace toward the 50-day SMA or $74 support. WTI Crude is at a critical crossroads, where a breakout could signal a trend reversal, while failure to sustain above resistance might reinforce the longer-term bearish bias. -MW
TVC:USOIL
by FOREXcom
Weekly Market Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move lower this week, with the possible exception of the DOW. The metals are rallied on Friday, and may continue upward this week, despite a relatively strong USD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
7
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower with a lower wick, as anticipated, with a downward move at the start of the week. As mentioned, the area below 20,700 was a potential support zone for a rebound, and the market successfully bounced back. On the daily chart, the MACD and Signal lines have both dropped below the zero line, marking the first time the MACD has fallen below zero since September last year. Yesterday’s analysis focused on trading around the 3-day moving average; today, trading at the 5-day moving average is expected. A range-bound movement between the 3-day and 5-day moving averages is likely, and if the pre-market touches the 5-day moving average first, it will provide a favorable opportunity for sell-side strategies. While it is uncertain whether the 120-day moving average will be tested for support on the downside, the MACD's dip below zero suggests the potential for accelerated selling. If an overshooting move occurs on the downside, be prepared for a possible drop to the 20,300 area. The market may consolidate at support levels to form a base before reversing its trend. Monitoring the alignment of short-term moving averages on lower timeframes can help identify the reversal point. On the 240-minute chart, selling pressure continues, and the MACD has yet to cross the Signal line in a golden cross. A strong golden cross could trigger a sharp rebound, but if the MACD turns downward again, further declines are possible. Be prepared for both scenarios and adjust accordingly. Oil Crude oil closed higher, supported by potential U.S. sanctions on Russian oil exports. The price has risen to the $79 previous high level, and with the significant divergence from the 5-day moving average, corrections could occur at any time. On the monthly chart, oil has reached the upper Bollinger Band, indicating that managing risk with sell-side strategies at the highs may be more effective than chasing prices upward. On the 240-minute chart, the RSI remains in overbought territory, suggesting that the current trend may continue. However, short sell strategies should be approached cautiously and with short timeframes. The MACD and Signal lines show significant divergence and steep angles, indicating the potential for step-like upward movements even during corrections. Focus on buying at major support levels during pullbacks, but remain cautious as sharp declines could occur unexpectedly. A conservative perspective is advised. Gold Gold closed lower, facing resistance from selling pressure driven by rising Treasury yields. On the weekly chart, the MACD has turned downward, signaling stronger selling pressure. The daily chart shows the MACD above the zero line, but the Signal line has yet to cross above zero, suggesting a consolidation phase as the MACD moves closer to the Signal line. This places gold in a broad range-bound scenario. Ahead of today’s PPI and tomorrow’s CPI releases, gold is expected to trade sideways. On the 240-minute chart, a sell signal has appeared, but with the MACD and Signal lines above zero and diverging, sharp declines are less likely. Instead, support and consolidation around the 2,680 level are more probable. Focus on range-trading strategies, and exercise caution around the PPI release. Market Conditions The market is currently unsettled due to corrections in big tech stocks, Trump’s inauguration, and declines in quantum computing-related stocks. The VIX index is also showing a sharp upward trend, indicating heightened volatility. Be mindful of risk management under these conditions, and have a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,990 / 20,890 / 20,840 / 20,740 -Sell Levels: 21,160 / 21,200 / 21,300 / 21,350 Oil - Bullish Market -Buy Levels: 77.70 / 76.60 / 75.70 / 74.50 -Sell Levels: 79.45 / 79.90 Gold - Range-bound Market -Buy Levels: 2,677 / 2,672 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,692 / 2,705 / 2,712 / 2,717 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Are CL Futures starting a new bull trend in 2025?Crude Oil WTI Nymex Futures NYMEX:CL1! Big Picture: Crude Oil WTI NYMEX Futures Update – January 2025 Crude Oil WTI NYMEX futures are trading higher, with bullish price action evident at the start of 2025. Price has broken above the 2024 Composite Value Area High (CVAH) and is now approaching the Composite Value Area High from the 2022 high, as shown in the chart above. Macroeconomic Outlook From a global perspective, persistent inflation may be supported by elevated commodity prices. Higher crude oil prices, coupled with potential trade wars and tariffs, could drive up costs in major sectors, such as rare earth minerals. In this scenario, we anticipate central banks, including the Federal Reserve, maintaining higher interest rates. We believe the previously expected two rate cuts of 25 basis points each for this year may be reduced to zero. However, this creates a challenging environment for central banks. A combination of sticky inflation, resilient job markets, and low unemployment could lead to a "goldilocks" scenario. Recessionary risks will be increased unless some means of fiscal policy measures provide further support to the US economy. Key Levels to Watch Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan. CVAH: 79.50 Resistance R1: 79.50 – 79.85 Resistance R2: 81.30 – 81.60 Neutral Level: 78.77 CVAH 2024 / Support: 75.00 Support (Yearly Open): 71.85 Scenario 1: Exhausted Buyers, Mean Reversion In this scenario, we anticipate range-bound price action, offering a potential short opportunity if buyers appear exhausted. Price action and volume analysis would need to confirm this. Look for absorption around the neutral zone or below R1/CVAH, with prices failing to push higher. A lower high and seller dominance would confirm a mean reversion short setup. Scenario 2: Breakout Above CVAH A confirmed breakout above CVAH could indicate further bullish price discovery and the potential for a new uptrend. Consolidation above CVAH followed by strong price action would provide a trigger for long positions. However, significant resistance at this level necessitates confirmation via price action and volume analysis before taking action. Scenario 3: Swing Failure at CVAH In this scenario, prices rise above the neutral zone and R1/CVAH, but sellers regain control, pushing prices lower. A swing failure candle with a long wick near the resistance zone would indicate the failure. A subsequent higher low could present a short opportunity for a mean reversion trade. We encourage you to monitor these levels closely and incorporate them into your trade planning. Share your thoughts or insights on these key levels in the comments below.
NYMEX:CL1!
by EdgeClear
10
CRUDE OIL // long after correctionThe market has managed to stay above the monthly impulse base (orange), and the weekly/daily has turned up. The daily has reached the target fibo 138.2 with an impulse, therefore, I expect a countertrend here on H4/H1, and I want to go long after that countertrend breaks. The target is the monthly breakdown and the daily target fibo 200. ——— EXPLAINING COLORS Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: H4 - aqua Daily - blue Weekly - purple Monthly - magenta ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
FX:USOILLong
by TheMarketFlow
Weekly and Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower following the non-farm payroll data release. As noted in yesterday’s analysis, the possibility of a sharp drop in the third wave of selling on the 240-minute chart was highlighted and has largely materialized. The monthly 5-day moving average (20,880) emphasized this month acted as support, forming a lower wick. On the weekly chart, the MACD has crossed below the Signal line, generating a sell signal. The index is positioned between the 3-day, 5-day, and 10-day moving averages above and the 20-day moving average below, suggesting the possibility of a range-bound market this week. If the market moves upward at the beginning of the week, it may decline later, and conversely, if it drops initially, a rebound may occur later in the week. The upper range is projected at 21,360–21,400, while the lower range is expected to be below 20,880. Flexible responses to early-week movements are crucial, especially with Wednesday’s CPI release likely to serve as a key turning point. On the daily chart, the MACD and Signal lines remain below the zero line, making sell-side strategies near the 3-day or 5-day moving averages preferable during rebounds. Downward movement toward the 120-day moving average is possible, but there’s a strong likelihood of a rebound after forming a lower wick, so avoid chasing the sell-off. On the 240-minute chart, while selling pressure remains strong in the third wave of the downtrend, support and a potential trend reversal could occur below 20,700. Overall, a sell-on-rebound strategy is advantageous today. Oil Crude oil surged on the possibility of U.S. sanctions on Russian crude exports. As previously noted, oil continues to display a pattern of reversing trends and sharply rising from the bottom. In pre-market trading, prices have already surpassed $78, but with the significant divergence from the 5-day moving average, caution is warranted today. On the weekly chart, the divergence from the 5-week moving average and the presence of previous highs around the $78 range suggest that even if prices rise further, chasing the rally should be avoided. The most favorable scenario this week involves buying on dips near the 5-week moving average, with corrections potentially reaching $73.4–$74. On the daily chart, more time is needed for shorter-term moving averages, such as the 20-day and 60-day, to align with current prices. On the 240-minute chart, the MACD has formed a golden cross, generating a buy signal. However, if prices fail to surge further, divergence in the MACD could occur. Pay attention to potential sell signals and additional declines. As the rapid rise calls for a correction, prices are likely to consolidate around $78 during pre-market trading, making range-bound strategies favorable. Gold Gold surged on Friday due to reduced expectations of a Fed rate cut following employment surprises. On the weekly chart, gold has formed a bullish candle, breaking above key short-term moving averages. However, the significant divergence between the MACD and Signal lines suggests that surpassing the previous high near 2,760 will be challenging. On the daily chart, the MACD is above the zero line, and the Signal line is trending upward, showing a buying trend. Buying on dips near the strong support zone at the 5-day and 60-day moving averages around 2,690 is a favorable short-term strategy. With additional upward movement possible, a buy-on-dips approach is recommended. However, volatility is expected to increase with Tuesday’s PPI and Wednesday’s CPI data, so plan accordingly. On the 240-minute chart, strong buying momentum continues, with the RSI entering the overbought zone, making premature selling risky. Weekly Overview This week, early movements are likely to continue last week’s trends, with a potential inflection point around Wednesday’s CPI data. Manage risks carefully, and have a successful trading week! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,945 / 20,900 / 20,780 / 20,740 / 20,680 -Sell Levels: 21,110 / 21,210 / 21,310 Oil - Bullish Market -Buy Levels: 76.55 / 76.00 / 75.60 / 74.60 -Sell Levels: 78.35 / 78.85 / 79.45 / 80.00 Gold - Range-bound Market -Buy Levels: 2,713 / 2,703 / 2,695 / 2,685 / 2,677 -Sell Levels: 2,726 / 2,735 / 2,742 / 2,753 / 2,759 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. Wishing you a successful trading day! If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard