TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sector
Timeframe: 1 hour Strategy: Bearish Macquarie analysts forecast a 5.6 million barrel rise in US crude inventories. Refinery runs and domestic supply are expected to increase. Gasoline and distillate draws are predicted, while jet stocks remain stable. Implied demand is estimated at around 13.9 million barrels per day.
Timefame: 1 Hour Bull Above 104.021 Bearish below 103.883 Moving below 100 EMA, Invalidation of view above the EMA, level 103.94. 🔸DXY steadies at 104, awaiting crucial US inflation data. 🔸Focus on personal consumption expenditures index and global inflation figures. 🔸Fed Governor advises delaying rate cuts, impacting DXY based on inflation outcomes. 🔸A...
Timeframe: 1 Hour Bearish below :77.45 Crude oil may turn bearish below $77.45, with a target of $77.00. The 1-hour timeframe suggests a range-bound movement if it fails to sustain above $77.50 after hitting a high of $78.00. -The yearly growth in oil supply from non-OPEC countries to be 700,000 barrels per day from 2024 to 2029. -The forecast is that Brent oil...
Timeframe: 2 hour Just a idea As per the gobal news Technical selling pressure observed in gold and silver markets amid a lack of fresh fundamental news. Economic data this week, especially PCE data, could influence gold's trajectory. A weaker inflation reading may encourage a more serious debate on the timing of potential rate cuts, potentially...
Timeframe: 1 Hour View Bulllish Gold prices rise to $2,044.7/oz after Fed meeting minutes. Fed hints at potential monetary easing. China's base metals dip, but rate cut signals growth support. Possible boost to 2024 demand with further policy easing.
When the market opens, watch for the following moves on a 1-hour timeframe: 📌 Bull above: 61893 📌 Bear below: 61828 📌 Gold is indicating a rejection of the supply zone, with a bullish sentiment above 62200 and bearish below 61800. 📌 Will update chart once market is open.
🔹Timeframe: 4 hour After a gap up opening good seem to be positive 🔹Strategy: Bull above 2026.68 level Resistance: 2035-2036 🔹Gold prices are heading for their first weekly gain in three weeks, supported by a weaker dollar 🔹Spot gold is up 0.1% at $2,026.5 per ounce, gaining 0.7% for the week. U.S. gold futures edged 0.2% higher to $2,035.5 per...
Timeframe: 1 hour Bull above 69873 Bear below 69700 As per news Silver indicates vulnerability below 69700 if it fails to sustain above 69873. Overall, both silver and gold dipped 0.3% due to a stronger dollar and cautious Fed sentiments, with a 68% chance of a June rate cut.
Timeframe: 1 Hour 📉 Crude oil poised for reversal post-resistance at 6542, with potential retest and move towards the next resistance at 6583. 🔹WTI crude prices stable around $78/barrel for the week. 🔹Initial 2% dip attributed to interest rate and demand worries. 🔹Strong US inflation data suggested higher borrowing costs. 🔹Market recovered as geopolitical...
🔹 Timeframe: 1 hour 🔹Bull above 6500 🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range. US refineries resuming operations after outages, boosting demand. Weaker dollar makes oil cheaper for buyers, increasing demand. Geopolitical tensions add support to prices. But, US crude inventory build raises...
XNGUSD || Update |Feb 21st Timeframe: 1-hour After a gap-up opening, Natural Gas (NG) appears to be range-bound. Strategy: Currently, the trend suggests a move towards the resistance level at 1.861. The price action indicates a consolidation phase, and the market is poised for a potential upward movement. Key Level: Keep a close eye on the resistance level...
📊 Analysis 🔍 Timeframe: 1 hour 📈 Strategy: Bullish, then Bearish Observing a robust rejection point at 6600. Anticipating either a range-bound market or rejection from a bearish OB. Considering recent news: Oil prices remain in a tight range amid Red Sea ship attacks and demand worries. Brent crude and WTI show slight gains at $83.57 and $78.48, supported by...
🔸Timeframe: 4 hour 🔸Strategy: Bearish then Bullish 🔸XNGUSD expected trade above1.648, if sustain above it we can see further higher. Rejection near 1.85 - 1.8 🔸US natural gas futures hit $1.55/MMBtu, lowest since June 2020, driven by high production, 🔸storage, mild weather, and Freeport LNG's export issues. Winter's warmth increased inventories 15.9%.
🔹Timeframe: 4 hour 🔹Stratergy: Neutral 🔹Silver prices at around $23 per ounce, down from seven-week highs. 🔹 Waiting on upcoming FOMC minutes and statements. 🔹Initial expectations for a March cut now shifted to a 53% chance of a 25bps cut in June. 🔹Silver expected to rise in 2024, influenced by a weaker dollar and lower Treasury yields amid looser Fed policy.
EA's Optimistic View: IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise. OPEC's Limited Options: OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks. Dubious Non-OPEC+ Increase: Doubts arise over IEA's projection of a 1.6 million barrels per day...
Crudeoil Update || 15 Feb Timeframe: 1 Hour Strategy: Short 🔸Bearish below 6310 - target 6270, 6230 💥Crude oil prices decline due to an unexpected 12 million barrel 💥Increase in US crude stockpiles, according to ANZ Bank. 💥Gasoline inventories drop by 3.7 million barrels, mitigating losses. 💥OPEC's monthly report fallout continues as Iraq and Kazakhstan commit...
Timeframe: 1 Hour Strategy: Long 🔶BULL above 6400 --- target 6486, 6520 🔶WTI crude futures stayed around $77 per barrel, near a two-week high, due to ongoing tensions in the Middle East. 🔶Israel's airstrikes in Gaza and Hamas ceasefire rejection impacted oil prices, but talks in Beirut hinted at easing tensions. 🔶Concerns about inflation and potential delays in...