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Micro WTI Crude Oil Futures

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XAUUSD Gold is forming a bearish engulfing pattern on the 15-minute chart, signaling potential downside momentum.

Key Observations

- Large and tested zone: Higher likelihood of breaking through.
- Hurdle market: Possible retracement from current levels. MGC1! CL1! HG1!
Snapshot

MCL1! Wow this spike! What’s going on

Money is flowing to energy sector. OXY and XOM are printing

MCL1! is unstable, could be targeting more lows, this rebound of 55 isnt strong.




MCL1! Ugly downtrend SCHD is going down bc of its exposure to the energy sector. XOM is a buy for me, might look at OXY too

MCL1! Looks like we'll have to climb the steps up again. A curiously timed decision by OPEC, makes one wonder whether they even have a strategy.

MCL1! Bounced off 4 Hour Trend and Hourly resistance. Breakout of 1 hour trend?