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Crudeoilanalysis

Oil Market Heats Up: Prices Rise for Third Consecutive Week◉ Key Factors Driving Oil Prices: 1. Increased Winter Fuel Demand: As temperatures drop in the Northern Hemisphere, demand for heating fuels like diesel and gasoline is rising, supporting oil prices. 2. Supply Constraints: OPEC+ has been maintaining production cuts, limiting global oil supply and contributing to higher prices. ◉ Market Updates: ● Over the past three weeks, Brent crude BLACKBULL:BRENT has surged over 6%, and WTI OANDA:WTICOUSD has jumped more than 7%. ◉ Technical Observations: ● The oil price has broken through its long-term trendline resistance, positioning itself for further gains. ◉ Future Outlook: ● JPMorgan predicts a 1.6 million barrels per day increase in global oil demand in Q1 2025, driven by heating oil and LPG demands. ● Geopolitical factors, including new U.S. sanctions on Russia, may impact supply dynamics.
OANDA:WTICOUSDLong
by NaranjCapital
Today and Weekly Outlook for Nasdaq, Crude Oil, and Gold FuturesNasdaq Analysis Yesterday, Nasdaq closed higher on the daily chart. It formed a double bottom near the 21,000 level and rebounded, entering a consolidation range near the moving averages. The MACD remains above the zero line, and the Signal line is also above the zero line, suggesting the potential for another upward attempt this week. However, due to the significant gap between the MACD and Signal lines, there is a high possibility of a failed buy attempt followed by a downward move. If the MACD shifts downward, a break below the 60-day moving average could occur. On the weekly chart, no sell signal has emerged yet, but the MACD and Signal lines are closely aligned. This week may determine whether the weekly chart enters a third wave of buying or declines into a death cross. The 240-minute chart currently shows a buy signal, indicating that the market may focus on buying at the start of the week, with a potential shift to selling later in the week as the MACD leans bearish and a third wave of selling emerges on the 240-minute chart. It is advisable to consider support and resistance levels based on daily moving averages and respond to key levels in the longer-term range. Crude Oil Analysis Yesterday, crude oil continued its strong upward trend and closed higher. The price has posted five consecutive bullish candles, with the short-term peak near $74 serving as a resistance zone. A pullback to the 5-day moving average should not be ruled out. On the weekly chart, crude oil formed a large bullish candle, breaking through major resistance levels like the 60-week and 120-week moving averages in one move. Buying near the 72.80 level, which corresponds to the 3-week moving average, is favorable during pullbacks, and maintaining support at the midpoint of the weekly bullish candle will be crucial. The 240-minute chart also reflects strong buying momentum. Above $74, a short-term sell with stop-loss protection is advisable, while aggressive buying during pullbacks below the 5-day moving average on the daily chart is favorable. This is a typical pattern transitioning from bearish alignment to bullish alignment, so caution is advised when considering selling. Gold Analysis Gold closed lower yesterday with a bearish candle. Combining Thursday and Friday’s candlesticks, a doji pattern emerges. If gold fails to break above the 60-day moving average on the daily chart and tilts downward, the key support level at 2600 will be critical. On the weekly chart, the sell signal remains intact, with strong resistance around the 10-week and 20-week moving averages. If gold cannot strongly break through this resistance, a pullback should be anticipated. Although the daily chart confirms a buy signal, the movement lacks significant momentum, leaving room for a swift erasure of the buy signal and a shift to selling this week. On the 240-minute chart, gold is facing resistance at key support/resistance levels. While the pattern can be viewed as a range-bound box, a sell signal on the 240-minute chart could lead to strong selling momentum following a false breakout. Adopting a range-bound strategy with a focus on selling is advantageous. This Week's Outlook This week, major events such as CES 2025, the release of FOMC minutes, and the Nonfarm Payroll report are on the agenda. Additionally, next week’s CPI is within view. Be cautious around key events and data release times to manage risks effectively. Wishing you a successful trading week!
CME_MINI:NQ1!
by Futureguard
1
Crude Oil January Futures: Bullish Option Trade SetupBuilding upon my prior analysis, where I held a bearish outlook on Crude Oil January Futures , I now present a contrasting bullish perspective. While I had previously emphasized the confidentiality of the stop-loss level for short trades, this setup focuses on a call option strategy aligned with my expectations of upward momentum in the market. For this trade, I have chosen the 6000 strike call option . The optimal entry point for this position is below ₹234.20 , providing a favorable risk-reward ratio. As of this writing, the current market quote (best offer) stands at ₹186.00 , offering an attractive entry opportunity for bullish traders. My target for this position is set at ₹468.40 , which I anticipate achieving by the contract's expiry on 15th January 2025. Key Notes: This trade is based on my personal analysis and market perspective. It is important to emphasize that this is not a trade recommendation for the public. The stop-loss level remains confidential and forms an integral part of my risk management approach. Disclaimer: Trading in options and futures involves significant risk and may not be suitable for all investors. This analysis is solely my personal view and is shared for informational purposes. Perform your own due diligence or consult with a financial advisor before making any trading decisions.
MCX:CRUDEOIL1!Long
by IndexAce
"UKOILSPOT / BRENT CRUDE OIL" Energies Market Bullish Heist PlanHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist "UKOILSPOT / BRENT CRUDE OIL" Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Target 🎯 : 74.500 Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FX:UKOILSPOTLong
by Thief_Trader
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update Technical View: Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out. Fundamental Highlights: Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President. Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand. OPEC+: Delayed output hikes to April 2025; cuts extended through 2026. U.S. Supply: Increased oil & gas rig activity adds pressure on prices. Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses. 🔑 Key Levels ( FX:USOIL WTI): Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98). Bearish: Close below $72.00 may see a drop toward ~$70.63. 📌 Trading Strategy: Keep alerts set for key levels; patience is key as we await clearer directional moves. 💬 Let’s discuss more in ⁠comment below! Happy Trading, The NFX Team™ 💚 (Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
FX:USOILLong
by niclaxfx
Spot Crude Oil Energies Market Heist PlanHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist Spot Crude Oil Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 4h timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:SPOTCRUDELong
by Thief_Trader
Crude Oil "Triangle Pattern" Target 7100 and "Wolf Wave Target"A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for Wolf Wave Target Achieved in Ethereum. Guess 3rd Target ??? I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
MCX:CRUDEOIL1!Long
by SasikumarMani