Daily 4XSetUps - UKOIL Price Action Is Shining Today With +3.33%

2025/01/10
Daily 4XSetUps - UKOIL Price Action Is Shining Today With +3.33%
“this week the oil price action was as bullish as originally expected!
was this the calm before the storm? will this be confirmed next week?”



It seems that our long UKOIL 4XSetUps seems to be working - at least this week. Because oil prices are heading for the third week of increases in a row. UKOIL has become more expensive since Monday - oil prices have been trending upwards since December 2024. Investors and/or traders are talking about the longest upward movement since last summer 2024! What you can obviously see? Many argue in analyses, comments and/or social media that the rising oil prices of the past few weeks can be explained, among other things, by the comparatively cold winter weather, which is causing greater demand for heating oil. In addition, reference was made to recent reports that crude oil production in Russia had recently been lower than agreed within the framework of the OPEC+ oil network. Just like Reuters did a few minutes ago, for example. reported: "Oil jumps almost 3% on concern over more sanctions on Russia and Iran"

In addition, the new US government under President-elect Donald Trump could increase the pressure on the important producing country Iran after the inauguration. Because the current politically religious leadership of Iran still sees itself as outspoken enemies of Israel - while Trump originally wanted to push for a surplus of oil in the USA, and or, as a Christian friend of Jews, also wanted to preserve peace in the Middle East. Which of course can be successful! But not until the second half of 2025 at the earliest? If not not until 2026? That's why even our long UKOIL 4XSetUp. Just for scheduling reasons! Regardless, back to the headlines today about the oil price, there are fundamental risks for oil deliveries from Iran and that is creating a nervous mood in the oil market. But if you ask for my personal opinion, then the green US Democratic government has laid another egg in the nest of the future US President Trump; as we're saying here in my homeland germany! “Biden permanently bans offshore drilling in 625 million acres of ocean, making a Trump reversal difficult”, as CNN reported three days ago. And in an interline headline: “Little economic impact”. What? If fewer products are offered on Ebay, does the price fall? That's right - if people don't want the product - don't need it! But that's not the case in this case - energy is a basic resource for the whole economy! Even just another green economic policy, under the guise of a liberal democracy that is socialist in its entirety and only serves the green politicians you elect. The rest is paid at the gas station.

“It’s senseless to have making money as your goal as money has no intrinsic value—its value comes from what it can buy, and it can’t buy everything. It’s smarter to start with what you really want, which are your real goals, and then work back to what you need to attain them. Money will be one of the things you need, but it’s not the only one and certainly not the most important one once you get past having the amount you need to get what you really want.”
Ray Dalio

$87.92 : 2024/07/05 - 2nd Quarter 2024 High
$81.12 : 2024/10/07 - 3rd Quarter 2024 High
$79.68 : 2025/01/10 - last price action
$76.79 : 2024/06/04 - 2nd Quarter 2024 Low
$76.08 : 2024/11/05 - November 2024 High
$75.10 : 2024/08/05 - 3rd Quarter 2024 Low
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
$69.95 : 2024/10/01 - October 2024 Low
$68.71 : 2024/09/10 - Annual 2024 Low
As I already wrote this whole week, for this week, we bulls will need to maintain price action above the highs of the last two months. Because if the price action remains above $76.08 (2024/11/05 - November 2024 High) and/or even $74.85 (2024/12/31 - December 2024 High), we bulls can argue that we defended the territory by more or less $75? $80 for the month of January 2025 is a realistic, optimistic target for now! - but we bulls have clearly won the terrain in the last days! Even if the price action is driving me crazy - but I like to write 4XSetUps about the UKOIL ! Why? Because it has so many influencing factors - above all political, even religious (namely Muslims - majority of the oil states, which are mostly in political conflict with Israel). So that in my daily business - reading, analyzing and evaluating information before writing a 4XSetUp - I usually at least learn something new (as a German Crat, even Catholic friend of jews - who don't dislike Muslims). Regardless of the price action, hopefully you`re learning too! But regardless of this basic approach, we bulls are currently relatively successfully defending the November 2024 high, from 2024/11/15 at $76.08 points. The $75 needs to be defended - which was definitely a success today! No - at $79.68 we are already faster and steeper around the $80 mark. Which was, is, and remains the goal for the end of this January 2025. Because the price of oil is more than volatile. So we will first wait and see the outcome of this first calendar week of 2025. But it's not an issue - I don't want to be too strict about it. We bulls were on the right side of oil prices, at least oil prices.Because we defended the price action above the highs of the last two months. This price action - above $76.08 (2024/11/05 was November 2024 High) and/or even $74.85 (2024/12/31 was December 2024 High), are was and/or still is important to defend the territory by more or less $75! Which we bulls have succeeded brilliantly - at least this week! Because with Donald Trump's second term in office starting on 20th January 2025, US energy policy will become a crucial factor.

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$88.00 : 2025/06/30 - Target Price
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$79.68 : 2025/01/10 - last price action
$76.19 : 2025/01/06 - Entry Price
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron



“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.