WTI Price Analysis: Key Insights for Next Week Trading Decision

9 Mar

Market Overview:
📉 WTI at $66.00: Trading defensively near a three-year low amid tariff concerns and OPEC+ output hikes.
📊 Inventory Build: A larger-than-expected US crude inventory build (up by 3.614M barrels vs. a forecasted decline) is adding pressure on prices.
⚖️ Tariff Uncertainty: Despite Trump's recent executive order exempting goods from Canada and Mexico under USMCA, overall tariff uncertainty remains a key concern.
🔺 OPEC+ Output Increase: For the first time since 2022, OPEC+ has ramped up production, weighing further on WTI.

Technical Insights:
📉 Descending Channel: The 4H chart shows a clear descending channel. Watch for the potential break of the channel's resistance line to the upside.
🎯 Key Level: Next week, the critical level to monitor is $66.50 – consider a buy if prices break above, and sell if they remain below.

Upcoming Catalysts:
⏰ US Employment Data: Keep an eye on the Consumer Price Index, Producer Price Index, Michigan Consumer Sentiment Index, EIA and API report. A weaker-than-expected report could lift the USD and boost oil prices.

Stay Tuned:
I'll provide a detailed update at the beginning of next week. Follow along for more insights and actionable trading strategies!
#WTI #CrudeOil #OilTrading #OilMarket #CommodityTrading #EnergyMarket #OilPrice #MarketAnalysis #TradingInsights #OPEC

Happy trading!

Disclaimer:
Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Always assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.

10 Mar

Trade aktif

Technical Set-Up

📊 Trading Set-Up:
Check out the chart below where I've marked the levels that is likely shaping the price of the USOILSPOT.
This technical setup highlights potential turning points and trade opportunities in the current market dynamic.

💡 What's Next:
I'll be diving deeper into this analysis during our upcoming live stream, where we'll discuss the drivers behind the market movements and explore actionable strategies.

10 Mar

Catatan

#USOILSPOT UPDATE

👍 Two Buy Positions Triggered:
Our latest analysis confirms that two buy positions have been activated.

🔒 Secure Positions:
Adjust your stop loss to lock in profits and mitigate risk.

12 Mar

Catatan

Technical Set-Up | 15 Min Timeframe | 12th March

📊 Trading Set-Up:
Check out the chart below where I've marked the levels that are likely shaping the price of the US Crude Oil
.
This technical setup highlights potential turning points and trade opportunities in the current market dynamic.

💡 What's Next:
I'll be diving deeper into this analysis during our upcoming live stream, where we'll discuss the drivers behind the market movements and explore actionable strategies.

12 Mar

Catatan

#USOILSPOT

Update following our Live stream;

📈 Buy Position Triggered: A buy position has been executed, currently yielding a profit of 35 pips.

🔒 Secure Your Profits: With the upcoming release of the US Consumer Price Index (CPI) data, market volatility is anticipated. It's advisable to lock in your current gains by adjusting your stop-loss, ensuring your profit is protected against potential market fluctuations.

📊 Awaiting CPI Data: The CPI release is a significant indicator of inflation and can heavily influence currency movements. It is advisable to exercise caution and avoid opening new positions until the data is released and the market direction becomes clearer.