The USOil rallied as much as 1.3% on Friday after the Fed’s favorite gauge for U.S. inflation came in beyond expectation for April, indicating that the central bank will raise interest rates again in June and July versus expectations for a pause.
USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday that the much-awaited deal to raise the U.S. debt ceiling has been reached, the potential of the currency and commodity markets to embark on a new wave of risk-taking - after weeks of fear about a government default on payments is now high. Now that the threat of a default is out of the way, assets, including commodities, could move higher when markets reopen on Tuesday after Memorial Day weekend.
USOILSPOT Technical Analysis: In this video, we considered the USOILSPOT Support and Resistance Levels identified on the 4H timeframe as a yardstick to guide trading activities and the USOILSPOT Price Forecast ahead of the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday that the much-awaited deal to raise the U.S. debt ceiling has been reached, the potential of the currency and commodity markets to embark on a new wave of risk-taking - after weeks of fear about a government default on payments is now high. Now that the threat of a default is out of the way, assets, including commodities, could move higher when markets reopen on Tuesday after Memorial Day weekend.
USOILSPOT Technical Analysis: In this video, we considered the USOILSPOT Support and Resistance Levels identified on the 4H timeframe as a yardstick to guide trading activities and the USOILSPOT Price Forecast ahead of the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Not
A bullish gap is observed and price action ranges between the 72.55 and 73.05 level (just above the key level for the week) with an indication that there is still "testing" of water going on and due to the observation of the memorial day in the U.S; there are chances that activities might be a lil bit slow today. With that being said, we await signals for trading opportunities from this current structure.Good Morning
İşlem aktif
Secure sell position while we look out for more opportunitiesİşlem aktif
Fallout from our live session today; secure sell positionsİşlem kapandı: hedefe ulaştı
TP target hit with over 500 pips in profit on 3 positions. I want to see a retest of the 71.00 level for more selling opportunities.Not
After hitting TP target yesterday, price action appears to have found temporary support as we continue to observe buying pressure around the 69.00 level in the last 12 hours. So, we are going to wait patiently to see how price action reacts to this new structure for our next line of action. We shall discuss this in detail during our live session.Good Morning
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Fall out from our morning live session today; 150 pips running in profit; secure sell positionsİşlem aktif
Price action takes out the sell position with a small profit as it comes back to entry to trigger another sell position. Update coming soonİşlem aktif
15 minute timeframe OUTLOOKA simple setup is identified and trendline remains our guide for trading opportunities going forward
İşlem aktif
Secure sell positionsİşlem elle kapatılmış
Price action takes out the last sell position with a small profit. After a long bearish impulsive move that started this week, price action appears to have found demand as it gradually transitions into a potetnial reversal structure as sellers find it difficult to find lower low.Happy new month!
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UPDATEİşlem aktif
Secure all buy positionsİşlem aktif
Secure buy positionsGood MOrning
Not
#USOIL SPOTOUTLOOK on the 30-minute timeframe
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Fallout from our live session this morningAnother buy position was triggered at the breakout of the 71.00 level
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Just as discussed during our live session, another buy position is triggered. Secure positions nowİşlem aktif
UPDATEThe market remains choppy as buyers struggle to break through this current structure
İşlem aktif
Ensure the buy positions are secured. I'm concluding for the week... Wishing you all a good night and a weekend filled with bliss.
Trade smart. Trade consciously
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Trade smart. Trade consciously
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.