Weekly Market Forecast: Stocks, Gold, Silver & Crude OilIn this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 2 - 6th.
Stock Indices are looking more bullish than bearish. Valid buys only!
Gold is moving sideways. Wait for confirmation before a buy/sell signal.
Oil prices may tick lower. Trade carefully.
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Oil
USOIL: Bullish Forecast & Bullish Scenario
The price of USOIL will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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USDCAD weekly analysis: Jun 1, 2025 – Jun 7, 2025Most important news and situations are for this pair.
1st, BOC rate decision week!
2nd, Iran-US negotiations that could make a real difference to oil markets.
3rd, The relatively strong long-term bullish trendline.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
The bears continue to dominate!Oil prices fluctuated lower this week, primarily pressured by the repeated U.S. tariff policies and expectations of OPEC+ production increases. During Friday's Asian session, Brent crude oil futures fell 0.41% to $63.89 per barrel, while U.S. WTI crude oil futures declined 0.44% to $60.67. The Brent July futures contract is set to expire on Friday. The tariffs imposed by U.S. President Trump were originally suspended, but the U.S. Federal Appellate Court temporarily reinstated them on Thursday, overturning the trade court's suspension ruling made on Wednesday. This legal volatility caused oil prices to plummet by more than 1% on Thursday.
The crude oil market this week has shown high sensitivity, influenced not only by legal rulings but also by dual pressures from geopolitical tensions and internal coordination imbalances within the organization. Under the intertwined effects of tariffs and production expectations, oil prices have struggled to achieve directional breakthroughs. If OPEC+ fails to reach an agreement on production control and demand from Asian countries and other major consumers has not recovered, oil prices are likely to maintain a weak oscillating pattern in the coming weeks. The MACD indicator is opening downward below the zero axis, with strong bearish momentum, suggesting a risk of further downside for crude oil during the day.
Overall, for next week's crude oil trading strategy, He Bosheng recommends focusing on bearish trades on rebounds, complemented by bullish trades on pullbacks.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
sell@61.5-62,0
TP:59.5-60.0
#202522 - priceactiontds - weekly update - wti crude oil futuresGood Day and I hope you are well.
comment: 3 weeks inside a tight range but market keeps getting rejected under the weekly 20ema and it’s consecutive bear bars now. Below 59.8 I favor the bears for more downside.
current market cycle: monthly time frame is a broad bear channel - weekly tf is a bear wedge - daily is a trading range
key levels: 55 - 64
bull case: Bulls need a daily close above 64 to retest the bear trend line of this big bear wedge from the January high 78.1. That’s the whole story for now. Market oscillates around 61 without any momentum, so buy low, sell high until it stops working.
Invalidation is below 59.8.
bear case: Bears need a daily close below 59.8 for more downside but market has been pretty much in balance for 3 weeks around 61. Problem for the bulls is, that we closed lower again and the tails above the weekly bars are much bigger than the ones below bars. So bears are slightly favored but only very slightly.
Invalidation is above 64.4
short term: Neutral. Playing the range until it stops working but mostly only small scalps. Market is likely waiting for an end to the tariff madness which might not come.
medium-long term - Update from 2025-05-25: Need a clear break of the trading range 54 - 64 before we can come up with new targets. Bear trend (wedge) is valid until the trend line breaks.
USOIL: Target Is Down! Short!
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 60.844 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
USOIL Expected Growth! BUY!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 60.68
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 61.41
My Stop Loss - 60.25
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
WTI CRUDE OIL: Repeated rejections on the 1D MA50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.483, MACD = -0.530, ADX = 16.270) as it is trading sideways for the past 2 weeks, unable however to cross above the 1D MA50, which along with the LH trendline, keep the trend bearish. Sell and aim for thr S1 level (TP = 56.00). Emerging Bearish Cross also on the 1D MACD.
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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.25
Target Level: 56.17
Stop Loss: 64.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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WTI Crude Oil – Bearish Elliott Wave SetupOn the 15-minute chart, I’m tracking a corrective rally in wave (ii) heading toward the 0.618 Fib zone (around 62.2–62.3) before the next major leg lower.
🔻 Bearish target: 52.00
📈 Looking for the final push up before confirming downside continuation.
💬 What are your thoughts on this Elliott Wave count?
For more updates and ideas, check my profile bio!
#WTI #CrudeOil #elliottwave #priceaction #technicalanalysis
What to expect from WTI oil in the near term?We are currently not doing anything with WTI oil, but monitoring it very closely.
Let's dig in!
TVC:USOIL
MARKETSCOM:OIL
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Crude Oil is in Buy Side Discount LevelFenzoFx—Crude Oil formed a hammer candlestick pattern near weekly support after losing 4.0% of its value on Thursday. The London session began with a bullish FVG in the lower time frame, with support at $60.55.
The price is expected to target the immediate resistance at $61.3.
CRUDE OIL Local Long! Buy!
Hello,Traders!
USOIL is headed towards
A strong horizontal support
Level of 60.00$ and as the
Level is strong we will be
Expecting a rebound and
A local move up after the
Price retests the support
Buy!
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USOIL REBOUND AHEAD|LONG|
✅CRUDE OIL is set to retest a
Strong support level below at 60.20$
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 61.43$
LONG🚀
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USOIL:First go short, then go long
USOIL: There are still signs of a pullback on an hourly basis after oil prices climbed to near 63 after OPEC+ said there would be no immediate changes to current production policies.
So the trading strategy :SELL@62.5-62.8 TP@61.6-61.3
After stepping back to the point can not break a wave of rebound, the target can look at 63 again
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USOIL:Long thinking, target 62.5
USOIL: Same idea, the front 61.3-61.5 has been given to the entry point, it is slowly rising, the upper target is still seen near 62.5.
So strategically, stay long and wait for the rally, TP@62.5
Tip: It is always right to sell when there is a profit, according to individual risk appetite.
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Potential bullish rise?WTI Oil (XTI/USD) has bounced off the pivot and could rise the 1st resistance which is a pullback resistance.
Pivot: 61.68
1st Support: 60.72
1st Resistance: 63.49
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WTI OIL Rejection on 1D MA50 aims at $56.50.WTI Oil (USOIL) has been trading within a 13-month Channel Down pattern and is currently under heavy pressure by multiple Resistance levels.
The immediate one is the 1D MA50 (blue trend-line), which has its most recent rejection last Wednesday (May 21) and as you can see, the price has failed to break above it, even though it's been trading directly below it.
As long as the 1D MA50 holds, we expect a test of the lower Support Zone at $56.50, similar to the September - December 2024 Support Zone, which was tested continuously after several 1D MA50 rejections.
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CL Analysis – May 28, 2025Currently, I believe Crude Oil (CL) is trading within a well-defined range. My strategy is clear:
🔴 Sell only at the red supply zone above, but only after confirmed seller reactions backed by order flow.
🟢 Buy only at the green demand zone below, once buyer strength is confirmed through price action and order flow.
No trades in between — I’m staying patient and letting the market come to my levels.