Which market is a better hedge when a geopolitical conflict started. I know many will say that it must be crude oil. Over the past 2 major conflicts, we could see that crude oil did not gain any momentum, in fact it came off.
So which markets have reacted positively to all these tensions so far, and will continue to remain this way with future tensions?
My...
In this video, I will delve into what to expect in the futures market for the upcoming week. I'll be covering the E-mini S&P, Nasdaq, Russell 2000, Gold, and Crude Oil. Here, you'll get an understanding of the market environment, key levels to watch, and essential indicators to help make informed trading decisions. The indicators used include Bollinger Bands...
Technical Momentum Weakens
Crude Oil futures have stalled after rising in 2024 after trading at the upper price band of $88/barrel and lower price band of $84/barrel. The technical perspective shows momentum studies correcting from overbought territories, with the 9-day moving average stalling above 18-day. DMI + is narrowing in on DMI -, indicating that the...
Crude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market...
CL1! (Crude Oil) is forming a large head and shoulders pattern on 1hour chart. It is current retesting a previous support and holding at a demand area. A clean break below demand, below 84.85 would signal a price continuation down. For now, Jeanius is giving two buy signals which could be the beginning of another deep retracement upward. If we could get a strong...
The oil moves in an established area, if it touches 84 it will go up and if it touches 87 it will go down, until it is encouraged to establish new records, the key is to catch the same step as the oil to dance together.
As in previous post on Sunday -
So we have dipped our toes into the weekly fvg
May leave a low in place here to raid it again later, want to see weekley CE respected.. as its London and Monday this could be the judas swing... wait for more info and cme or 830 open.
Any Longs from me will need market to show displacement on 15min or 1hr tf... no rush
And we are back into the dancing area. Of course the price went up because the news of the war, let's see tomorrow how the prices will dance, if in their "safety area" between 84.01 for longs and 87.60 for shorts... or will be up following Arabia Saudita wishes on 100
-My previous idea failed although im still looking to take a long targetting that buyside liquidity.
- i want to see sellside purged and then a MSS on a 5min or sub and taget buyside
Crude oil looks good for swing trade on Weekly timeframe. Wait for confirmation on daily candle. Chart is self explanatory.
Target and SL as per ur risk management.
This is not an investment tip, Just for educational purposes, Kindly do ur own analysis and trade accordingly.
Market positioning data from the COT report shows that asset managers and large speculators are piling into longs, yet shorts remain subdued. The price on the 4-hour chart also shows an established uptrend within a bullish channel.
Prices have not yet completed a 3-wave retracement against the trend, hence the bias for a slightly deeper pullback before its trend...
