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Weekly and Monday analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ filled the gap and closed lower after facing resistance. As mentioned last Friday, the 21,911 level was a likely resistance zone due to the nature of the gap. This resistance played a significant role, and coincidentally, concerns over tariffs imposed by former President Trump on Mexico and Canada intensified, leading to a decline into the afternoon session. Since the monthly candle has closed, let's first analyze the monthly chart. Last month, I mentioned that a decline to the 5-day moving average (20,880) was possible before a rebound, and indeed, the index rebounded from 20,700. Given that the price sequentially bounced from the 3-day and 5-day moving averages after breaking out of the monthly range, this month presents a challenging situation for determining direction. While further upside is possible, the monthly MACD may attempt to reduce its gap with the signal line, making a strong rally less likely. If a sharp rally occurs, the upper Bollinger Band at 22,736 should be considered as resistance. On the downside, the monthly 5-day moving average at 21,084 may be tested this month. Since the market could move in either direction, chasing momentum on the monthly chart should be approached with caution. On the weekly chart, a sell signal remains active, with the MACD failing to cross above the signal line, suggesting that further downside remains likely. On the daily chart, while the MACD has not yet crossed below the signal line, today's bearish candle close may trigger a sell signal, opening the possibility of a move toward the lower Bollinger Band and the 120-day moving average. If the MACD does not break down and instead turns higher while the price rises, it will be crucial to see if the 21,911 gap is decisively broken and closed with a bullish candle. On the 240-minute chart, a buy signal is still in place, and the index remains in a large range. Buying on dips remains favorable, but if a sell signal appears, the current moving average setup suggests a high probability of sharp declines. This week, Google's earnings report on Tuesday and the Non-Farm Payrolls (NFP) report on Friday are key events to watch. Additionally, with the potential impact of Trump’s tariff policies increasing market volatility, traders should manage leverage carefully and remain cautious. Crude Oil Oil closed near breakeven but surged in after-hours trading following reports that Canadian energy imports may face new tariffs. On the monthly chart, oil remains within a range, but the MACD is persistently attempting to cross above the signal line. Last month’s breakout from a four-month consolidation range suggests that buying on dips at the 3-day moving average may be a favorable strategy. On the weekly chart, the buy signal remains intact. Despite some pullback, the large gap between the MACD and the signal line suggests that a sharp breakdown is unlikely. On the daily chart, as previously mentioned, the $72 level remains a strong buy zone. The MACD is in a steep downtrend, but given the presence of prior demand zones and the 240-day moving average acting as support, a technical rebound could be strong after two weeks of declines. On the 240-minute chart, the MACD has bounced off the signal line, forming a bullish divergence, making long positions more favorable. Given the characteristics of the 240-day moving average, a rebound toward $74.50 is technically reasonable. Overall, buying on dips remains a preferred approach, but market volatility is increasing due to geopolitical uncertainties, so trade cautiously. Gold Gold pulled back as profit-taking emerged after a sharp rally, closing lower after finding support at the 3-day moving average. On the monthly chart, gold formed a strong bullish breakout candle, making dips toward the 3-day moving average (2,770) a favorable buying opportunity this month. A pullback to this level should be expected. On the weekly chart, a buy signal appeared last week, but the MACD’s lower value compared to the previous peak suggests a potential bearish divergence. This means that despite breaking above prior highs, if the MACD fails to confirm with strong upward momentum, the rally may weaken. Caution is advised when chasing momentum. On the daily chart, today is a key day for buy setups near the 5-day moving average, making a pullback likely. However, the broader trend remains bullish, so rather than shorting, traders should look for opportunities to buy on pullbacks at key support levels. On the 240-minute chart, gold is facing resistance and declining. The MACD is at a high level, meaning even if a bearish crossover occurs, attempts to move higher may persist. Buying near support remains the preferred approach. With Trump’s increasing policy activity and China’s Deepseek issues, market volatility is expected to rise. Always prioritize risk management and trade safely. Wishing you a successful trading month! ■Trading Strategies for Today NASDAQ - Bullish Market -Buy : 21,530 / 21,460 / 21,420 / 21,370 / 21,290 -Sell : 21,590 / 21,690 / 21,775 / 21,850 / 21,930 Crude Oil - Range Market -Buy : 73.50 / 72.90 / 72.40 / 72.00 -Sell : 74.50 / 75.00 / 76.00 / 76.40 Gold - Bullish Market -Buy : 2,825 / 2,820 / 2,812 / 2,807 / 2,804 -Sell : 2,841 / 2,846 / 2,852 / 2,856 / 2,860 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!Short
by Futureguard
USOIL What Next? BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 73.75 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.36 My Stop Loss - 72.34 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
4
WTI on high time frame "Dear traders, concerning WTI, the price has touched $73 and has been technically rejected from this level. Candle formations on higher time frames suggest a potential increase in price. Considering the political and geopolitical factors outlined in this article (www.tradingview.com), if the price can hold above the $73 zone, my view is that the next target could be $76." If you have any specific questions or need further assistance with your message, please let me know!
OANDA:WTICOUSDLong
by somayehbasiri
Energy Policy and USDWTIKey Entry Points: Ideal Entry: $78 (Sell Position) The $78 level was an optimal sell entry, primarily due to the declaration of emergency in the energy sector made by the new administration. This policy move is expected to increase energy production significantly. The current administration is heavily investing in the energy sector to mitigate price increases in other sectors, combat inflation, and maintain or reduce it. This macroeconomic context highlights why $78 was a strategic sell zone. Current Entry Opportunity: $74 (Sell Position) From a technical analysis perspective, $74 is a notable resistance level. While this level carries more risk compared to $78, it presents a viable sell opportunity due to price inefficiency beginning at this point. Observing the daily chart, we notice an efficient bearish trend with a clear price inefficiency that originated at $74. This inefficiency creates a strong resistance zone, making it a reasonable point for continuation to the downside. Technical Analysis Across Timeframes: Daily Chart: The current bearish trend remains intact. The inefficiency at $74 reinforces the case for selling at this level. While not as secure as the $78 zone, it offers a good probability for a continuation to lower levels. Weekly Chart: The market is currently in an impulsive phase. However, no significant support or resistance zones are evident within this timeframe. This lack of structural confirmation increases the risk of entering at this level. Monthly Chart: The monthly chart shows a clear rejection from a downward resistance. This reinforces the bearish outlook and aligns with the target at $70.80, which represents a strong support level.
FX_IDC:USDWTIShort
by Wiiso
TARIFFS Will Lead To Inflation!? NOPE!So many talking heads crying TARIFFS will be inflationary, but it’s mostly uneducated fear-mongering. Let’s look at the cold, hard USIRYY and CPI data to figure out the truth behind this. From March 2018 through September 2019, President Trump had eight waves of tariff announcements on C-H-I-N-A, plus some steel and aluminum ones on Mexico and Canada. In order to combat these inflation worries, Trump did what he said he was going to do… DRILL BABY DRILL. For the first time since 1949, the US would be a net exporter of oil. We can see there was a quick spike in inflation from stockpiling imports before tariffs were fully implemented, but inflation quickly plummeted nearly in half as the US became a net exporter. Fast-forward to today, and coincidentally inflation is at 2.9% which is right around where it was when Trump imposed the tariffs during his last presidency. Funny how that works out, eh ;) Trump has declared the US will DRILL BABY DRILL bigger than ever, which should lead us to believe that this time is NOT different and inflation will go down again.
ECONOMICS:USIRYY
by jonnieking
4
Weekly Market Forecast Feb 2-7thThis is an outlook for the week of Feb 2-7th. 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 were not easy to trade last week, as there were plenty of fundamentals at play. However, they are relatively still strong, and I am looking for further gains next week. NFP week, imo, is best traded Mon-Wed. Thurs will likely see consolidation until the NFP news announcement Friday morning. I will look to fade the news release on Friday for NY Session. 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.
CME_MINI:ES1!
by RT_Money
The Market Matrix - Gold, Crude, DXY & Nasdaq for Feb 1 2025This weeks edition of The Market Matrix. Disclaimer The information provided in this content is for educational and informational purposes only and should not be construed as financial advice, investment recommendations, or an offer to buy or sell any securities or financial instruments. Trading financial markets involves significant risk, including the potential loss of capital. Past performance is not indicative of future results. You are solely responsible for your trading decisions and should conduct your own research or consult with a licensed financial advisor before making any financial decisions. The creator of this content assumes no liability for any losses or damages resulting from reliance on the information provided. By engaging with this content, you acknowledge and accept these risks.
CME_MINI:NQ1!
by Tradius_Trades
WTI - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: While the price is above the support 64.000, resumption of uptrend is expected. We make sure when the resistance at 80.100 breaks. If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: A trough is formed in daily chart at 66.510 on 11/18/2024, so more gains to resistance(s) 75.446, 77.920 and maximum to Major Resistance (80.100) is expected. Take Profits: 75.446 77.920 80.100 83.961 87.000 93.882 100.802 109.192 126.350 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:WTILong
by ForecastCity
20
Will Oil jump against Trump's requests?On a technical perspective, Oil could reverse from the current price and start to climb again targeting buyside, as we have seen a divergence between Brent and WTI. However, it looks like Brent is weaker and might not be able to validate higher prices. Next week's OPEC meeting could clarify the direction, as I do not believe they will succumb to President Trump's requests of lowering Oil prices massively, and we could be looking for a volatile month.
FX:UKOIL
by microhedgefund
1
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILShort
by ShahedZare
WTI CRUDE OIL: Bullish dirgence on 4H RSI points to $85.00WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.798, MACD = 0.400, ADX = 43.927) as it hit the 1D MA50 and so far it is holding it. The correction of the past 2 weeks has been significant but the 4H RSI is posting a bullish divergence on HL and we might be technically having a bottom like February 27th. We anticipate an identical +18% rise (TP = 85.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOIL Will Go Up From Support! Long! Please, check our technical outlook for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 72.49. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 74.21 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
USOIL, might be preparing for a nother large move.USOIL / 1D Hello Traders, welcome back to another market breakdown. The market is showing strong bullish momentum, breaking through key minor resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for the price to show more strength first then for the pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Trade safe, Trader Leo
FOREXCOM:USOILLong
by BTM-LEO
3
WTI Oil H4 | Bearish downtrend to extend further?WTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 73.99 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement. Stop loss is at 75.55 which is a level that sits above the 38.2% Fibonacci retracement and an overlap resistance. Take profit is at 71.31 which is a pullback support that aligns close to the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
Potential bearish drop?USO/USD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 75.01 Why we like it: There is an overlap resistance level. Stop loss: 76.18 Why we like it: There is a pullback resistance level that is slightly above the 38.2% Fibonacci retracement. Take profit: 72.94 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher within its range-bound market. On the daily chart, it faced resistance near the gap created on January 27. Even if the index continues to rise, it is likely to encounter strong resistance near the January 24 closing price of 21,911. Keep in mind the principle that gaps tend to get filled and that they often act as strong support or resistance levels once filled. Since the MACD is still maintaining a buy signal on the daily chart, it is advantageous to adopt a buy-on-dip strategy. The recent move appears to be driven by dollar weakness, and similar to gold's strong rally yesterday, Nasdaq could also experience an additional upward rally. Therefore, short positions should be taken at the highest possible levels. On the 240-minute chart, the MACD has crossed above the zero line and is now pulling the signal line upward as well. If the index continues to rise and fills the gap, both the MACD and signal line will be above the zero line, and after consolidating at the gap resistance level, the next directional movement will likely be determined. It is best to focus on buying on dips while setting strict stop-loss levels for any short positions above the gap. Proper risk management is key. Crude Oil Crude oil closed nearly flat but showed a meaningful breakout from the downward channel on the shorter time frames. It also created a gap-up on the daily chart and broke above the 5-day moving average. Previously, oil had been declining due to Trump's announcement regarding increased oil drilling, but this news is largely priced in now, making a technical rebound possible. The key level to watch on the upside is $74.50, while buying opportunities exist below $73, with a stop-loss at $72. On the 240-minute chart, bullish divergence has formed at the bottom, leading to another buy signal. Since the price appears to be building a base, additional buying momentum could emerge. While the market is still range-bound, a buy-on-dip strategy remains favorable for now. Gold Gold surged to new all-time highs and closed with strong gains. The rally was driven by increased demand for safe-haven assets following Trump’s tariff imposition, boosting gold prices significantly. As mentioned yesterday, the MACD turned upward again, leading to another sharp rally on the daily chart. Since gold strongly broke out of its previous range with a large bullish candlestick, today is a buy-on-dip day, particularly near the 3-day moving average. If the price retraces in the pre-market session, it could dip toward the 3-day moving average, so traders should be mindful of this possibility. However, if gold maintains its strength and closes with another bullish candlestick, the 3-day moving average will move higher, reinforcing the uptrend. On the 240-minute chart, the MACD and signal line have diverged significantly, reflecting the strong uptrend. Buying on dips remains effective, while selling should be avoided since RSI indicates overbought conditions. As gold's volatility is increasing, traders should consider adjusting contract sizes, using micro contracts, or lowering leverage to allow for wider stop-loss levels and better trade management. ■Trading Strategies for Today Nasdaq - Bullish Market -Buy Levels: 21680 / 21630 / 21580 / 21530 / 21465 -Sell Levels: 21770 / 21845 / 21890 / 22010 / 22055 Crude Oil - Range-bound Market -Buy Levels: 72.90 / 72.40 / 72.00 / 71.40 -Sell Levels: 73.60 / 74.10 / 74.50 / 75.00 GOLD - Bullish Market(April) -Buy Levels: 2845 / 2840 / 2831 / 2824 -Sell Levels: 2860 / 2866 / 2870 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!Long
by Futureguard