Oil prices are showing signs of recovery after a strong bearish move, with $68.00 as a key level that will play a significant role in guiding our trading decisions for the new week.
📌 Key Technical Outlook:
🔹 Oil is currently trading within an ascending channel on the 4H timeframe.
🔹 I’ll be watching for a breakout/retest of the channel resistance and $68.50 for buying opportunities.
🔹 If selling pressure remains below the resistance line of the channel and the $68.00 key level, I will be considering selling opportunities.
📌 Major Market Drivers:
🔹 US Sanctions on Iran: The US Treasury imposed new sanctions targeting entities involved in supplying Iranian crude oil to China. Analysts expect a 1 million bpd drop in Iranian exports, which could support prices.
🔹 OPEC+ Production Cuts: A new plan will see seven member nations cut production by 189,000–435,000 bpd per month until June 2026.
🔹 Geopolitical Risks: Ongoing tensions in the Middle East & the Russia-Ukraine war continue to add a risk premium to oil prices.
📅 Key Economic Events on Our Radar Next Week:
🛢 Tuesday: API Crude Oil Stock Report – Offers insight into US oil inventory levels.
🛢 Wednesday: EIA Crude Oil Inventories Report – A key supply indicator affecting price movements.
🗓 Tuesday: US S&P Global PMI – Important for economic sentiment and demand expectations.
🗓 Thursday: US GDP (Q4 Final) – Provides clues on economic growth and potential impact on oil demand.
🗓 Friday: US Core PCE Index – The Fed’s preferred inflation measure, critical for policy direction.
Oil remains bullish in the short term, but I’ll be monitoring price action closely at $68.00 and $68.50 for trade setups. We’ll break it all down in Forex Morning Mastery tomorrow—stay tuned! 🔥📈
📌 Key Technical Outlook:
🔹 Oil is currently trading within an ascending channel on the 4H timeframe.
🔹 I’ll be watching for a breakout/retest of the channel resistance and $68.50 for buying opportunities.
🔹 If selling pressure remains below the resistance line of the channel and the $68.00 key level, I will be considering selling opportunities.
📌 Major Market Drivers:
🔹 US Sanctions on Iran: The US Treasury imposed new sanctions targeting entities involved in supplying Iranian crude oil to China. Analysts expect a 1 million bpd drop in Iranian exports, which could support prices.
🔹 OPEC+ Production Cuts: A new plan will see seven member nations cut production by 189,000–435,000 bpd per month until June 2026.
🔹 Geopolitical Risks: Ongoing tensions in the Middle East & the Russia-Ukraine war continue to add a risk premium to oil prices.
📅 Key Economic Events on Our Radar Next Week:
🛢 Tuesday: API Crude Oil Stock Report – Offers insight into US oil inventory levels.
🛢 Wednesday: EIA Crude Oil Inventories Report – A key supply indicator affecting price movements.
🗓 Tuesday: US S&P Global PMI – Important for economic sentiment and demand expectations.
🗓 Thursday: US GDP (Q4 Final) – Provides clues on economic growth and potential impact on oil demand.
🗓 Friday: US Core PCE Index – The Fed’s preferred inflation measure, critical for policy direction.
Oil remains bullish in the short term, but I’ll be monitoring price action closely at $68.00 and $68.50 for trade setups. We’ll break it all down in Forex Morning Mastery tomorrow—stay tuned! 🔥📈
Trade ativo
#USOILSPOT🚨 US CRUDE OIL MARKET UPDATE 🚨
The week has started choppy, as indecision persists amidst easing geopolitical tensions following discussions between Ukrainian and US officials in Riyadh on Sunday. 🌍🛢
📊 I have identified a structure as crude oil prices remain confined within the $67.86 – $68.36 range.
🔥 Bullish Bias: I shall maintain a bullish outlook as long as price remains above the week's $68.00 key level.
⚠️ Sell Condition: A breakdown and retest of the $68.00 level would confirm a selling opportunity.
📅 Join me in our upcoming live stream as we analyze the current market dynamics and trading opportunities. See you there! 🔥📊
#Forex #CrudeOil #MarketUpdate #TradingStrategy
Nota
#USOILSPOTJust as we discussed during our live stream this morning, our three buy positions on US Crude Oil have been successfully triggered at $68.00, $68.36, and $68.50, accumulating a total of 130 pips in profit so far! 🎯🔥
🛑 It’s time to secure some profits! Market participants now shift focus to the S&P Global Publications, which could introduce fresh volatility into the market. 📊
📌 Risk management remains key—lock in gains and let the market do the rest. More updates to come! 🚀 #CrudeOil #Trading #MarketUpdate
Nota
#USOILSPOT🚨 US CRUDE OIL MARKET UPDATE 🚨
🔥 Buyers have been dominant since the beginning of the week, helping secure three buy positions that hit my TP at $69.50, locking in over 300 pips profit! 🛢📈
💡 Key Drivers:
✅ Larger-than-expected crude draw 📉
✅ Concerns over tighter global supply following threatened US tariffs on countries buying Venezuelan production
🔄 Recent Price Action:
The last 12 hours have seen price retrace into consolidation, setting up the next move.
📊 What's Next?
We now look forward to today's US Durable Goods Orders release and speeches from FOMC members, which should drive fresh momentum for the USD and oil.
📅 Join me in our upcoming live stream as we analyze the market dynamics and identify new trading setups for today's session. See you there! 🔥📊
#Forex #CrudeOil #MarketUpdate #TradingStrategy #WTI
Nota
#USOILSPOT15 Min Timeframe
Update from the just concluded livestream
Nota
#USOILSPOT🚨 US CRUDE OIL MARKET UPDATE 🚨
🔥 Bullish momentum remains intact, as the US threat of tariffs on countries buying Venezuelan production continues to support oil prices.
⚠️ Key Concern:
Despite the bullish bias, we cannot ignore potential downside risks, as concerns over Trump’s auto tariffs could slow oil demand, dragging prices lower.
📊 New Technical Structure Identified
A supply niche has been identified on the 15-minute timeframe around the $69.80 zone. This new structure [see chart below] will guide our trading decisions today.
🔍 What’s Next?
We now await the US Core PCE release, which could provide fresh momentum for both the USD and oil prices.
📅 Join me in our upcoming live stream as we analyze the market dynamics and identify potential trade setups. See you there! 🔥📊
#Forex #CrudeOil #WTI #MarketUpdate #TradingStrategy
Trade smart. Trade consciously
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Trade smart. Trade consciously
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.