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Bitcoin Sideways Action - Long scenarioBitcoin is consolidating. This means that we are preparing for something. I expect a scenario with the opportunity to enter long positions. Right now, it looks like we will not break the recent lows and continue to form small higher lows. This to me is an indication that we could see a strong move until the consolidation is complete. That could start this Thursday with jobless claims and Fed Chair Powell's speech or next week when all the data is released and the market will react to things like JOLTS Job Openings and Non-Farm Employment Change. We can also make a bearish move. I would expect a move to the FWB:65K region to take out the last high from August and then move down to reverse.
by reports20netrust
2
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.
TVC:USOILLong
by Forex48_TradingAcademy
1
USOIL - Short Trade Idea (26th Sept 2024)This is my analysis on USOIL. So, what my eye catches is the ascending sellside trendline liquidity being build up. We have a recent touch on it, retracing into a weekly SIBI. Based on this, I am anticipating us trade quickly down into a monthly BISI as my initial target. The stoploss I set is based on the current swing high. A wider stoploss could be adopted to weather any sort of wick damage happening during high impact news. Let's see how this plays out. - R2F
TVC:USOIL
by Road_2_Funded
NAS100USD: Bullish Momentum with Focus on FVG Targets!Greetings Traders! Brief Description🖊️: Currently, NAS100USD is displaying a bullish delivery in structure, with institutional order flow entirely bullish. It's crucial to align with the market trend by identifying price action confluences that present buying opportunities. The H1 structure is supporting a daily Balanced Price Range (BPR), where the market has efficiently delivered price. Given this, I anticipate further bullish movement as price seeks to fill inefficiencies like Fair Value Gaps (FVGs) and Liquidity Voids. Things I Have Seen👀: Bullish Institutional Order Flow📈 : The market is delivering bullish price action, supported by H1 structure. H1 Buystops Taken✅ : Price has cleared H1 buystops and drawn into an H1 FVG, where I am looking for confirmation entries for a potential continuation upwards. Bullish Targets🎯: H1 Bearish Order Block (20,355.7): This is the initial upside target, representing the last efficiently delivered price action. FVGs Above: After reaching the H1 bearish order block, I expect price to fill the inefficient price action (FVGs) left above this zone. What's Important Now❗ Monitor the H1 FVG for confirmation entries and align with the overall bullish structure, as price is likely to continue its upward trajectory toward filling inefficiencies in the market. Best Regards, The_Architect
OANDA:NAS100USDLong
by The_Archi-tect
15