WOWZA, but bigger move than I expected yesterday. We saw a breakout above the downtrend off of ATH’s (initial rejection then drop to the 35EMA and then bounce to breakout) So the CPI/PPI move was drop to the 50DMA and bounce. Wild stuff, y’all. Inflation data days never cease to be a wild ride.
The U.S. gasoline and distillate fuel markets are seeing diverging trends, with production rising while inventories decline. According to the latest EIA Weekly Petroleum Status Report , gasoline production increased to 9.3 million barrels per day (bpd), slightly above last week’s level. However, despite this rise, total gasoline inventories fell by 3.0 million barrels, bringing them 1% below the five-year seasonal average. Distillate fuel oil production, which includes diesel and heating oil, dropped to 4.5 million bpd, reflecting lower refinery output. While inventories of distillates showed a marginal increase of 100,000 barrels, they remain 11% below the five-year average, signaling a tighter supply environment. Rising Demand and Seasonal Effects Total products supplied, a proxy for demand, averaged 20.3 million bpd over the past four weeks—2.8% higher year-over-year. Within this, motor gasoline demand stood at 8.3 million bpd, up 0.9% from last year, while distillate fuel demand surged by 13.6% year-over-year, indicating strong industrial and transportation fuel usage. With the winter heating season still in effect and freight transportation activity remaining robust, diesel prices may see upward pressure, especially if refinery output does not keep pace with demand. Price Trends and Market Outlook • The national average gasoline price increased to $3.128 per gallon, up $0.046 from last week but $0.064 lower than a year ago. • The national average diesel price edged up slightly to $3.665 per gallon, though it remains $0.444 below year-ago levels. • The New York Harbor spot price for conventional gasoline rose to $2.181 per gallon, while No. 2 heating oil increased to $2.381 per gallon. Given the combination of tight distillate inventories and increased demand, diesel prices may continue to trend higher in the coming weeks. Meanwhile, gasoline prices could see moderate volatility, influenced by refinery utilization rates, crude oil price movements, and seasonal demand shifts. Investment Considerations For traders and investors, key factors to watch include: • Refinery utilization rates, which stood at 85% last week, impacting refined product supply. • Crude oil price movements, as WTI recently dropped to $71.32 per barrel, affecting refining margins. • Demand trends, particularly in the transportation and industrial sectors, which influence fuel consumption patterns. TVC:USOIL TVC:UKOIL
? US30 (Dow Jones) – Technical Analysis (4H Chart) ? Market Outlook: Price is trading within an ascending channel, indicating a bullish bias while above key support levels. The pivot zone at 44,404 is acting as a critical level to maintain bullish momentum. A break above 44,756 - 44,926 will confirm further upside potential. ? Bullish Scenario: ✅ As long as price holds above 44,404 - 44,570 → Bullish trend remains intact! ? Targets: ? 44,756 (first resistance) ? 44,926 (next key resistance) ? 45,099 - 45,323 (major resistance zone & ATH area) ⚠️ Bearish Scenario: ❌ A 4H close below 44,404 could trigger a deeper correction. ? Support Targets: ? 44,260 (first support zone) ? 43,910 (strong demand area) ? Below 43,763 = deeper pullback likely ? Key Levels: ? Pivot Zone: 44,404 - 44,570 ? Resistance: 44,756 | 44,926 | 45,099 - 45,323 ? Support: 44,404 | 44,260 | 43,910 ? Conclusion: ✅ Bullish momentum holds above 44,404, targeting 44,756+. ? Break above 44,926 will open the door for a test of 45,099 - 45,323. ⚠️ Drop below 44,404 = possible correction to 44,260 - 43,910. ? Do you think we push to new highs or see a pullback first? Drop your thoughts! ??
Overall Trend & Context: The pair is in an overall downtrend on the higher time frames and lower time frames. Technical Findings: Price is at strong levels of supply. HTF oversold conditions. Extreme zone is still valid. Will look for re-entries on LTF's to get a better RR of this setup. Potential Scenarios: Potential to reach new lows at 0.50600 levels.
Well this was painful. We were up 1.8R, I hope you set B.E if you took the trade, lets see if we can see any more setups post news. Trade Safely.
? Welcome to TradeCityPro! Let's dive into today's analysis of Bitcoin. Since yesterday, there haven't been significant changes in the market, and none of our triggers were activated. However, let's explore the upcoming scenarios and identify any new triggers. ⏳ Hourly Time Frame 1-Hour Timeframe As you can see, Bitcoin is currently forming an expanding triangle, which typically doesn't respect resistances or supports very well, making it tricky to take long-term positions while the price remains within this pattern. ? For a long position, the trigger remains above 98,482. Keep an eye out for this break because, as you can see, the trading volume has decreased, suggesting that a sharp price movement is likely imminent. Financial markets exist for speculation, not stagnation, so a decrease in volume usually precedes a significant price move—either upwards or downwards. ? Should this long trigger activate, it would be safe to hold a position expecting the price might retest the resistance at 106,000, giving us comfort in pursuing other potential coin positions. ? The short position has a significant level at 95,108, now more critical than the 92,702 level. If broken, Bitcoin could start its next bearish leg, with the first target at 92,702 and, upon breaking this, potentially moving towards the lower ranges around 80,000 to 82,000. ? Today, I'm not focusing on the RSI due to the market's range-bound state, making it unreliable for confirming momentum. Thus, I've excluded RSI from both today's and yesterday's analyses. ? BTC.D Analysis BTC.D Analysis As predicted, the dominance fell, confirming yesterday's analysis. After retesting the 61.10 level and following the trendline curve, the next leg down began, targeting the 59.84 area. This movement will help us understand the upcoming market direction based on how the dominance behaves at this level. ? If it proves to be a fake-out and the dominance breaks the curve again, retaking the 61.10 trigger, we might see a resurgence in Bitcoin's dominance, suggesting a bullish scenario is less likely. https://www.tradingview.com/x/xpfHeKQC/ ? Total2 Analysis Total2 Analysis As observed, the Total2 level that was previously active at 1.24 is currently retesting this area. It hasn't fully stabilized above this level, so let's wait for confirmation that this resistance has been broken. If so, we can expect a move towards at least 1.28. ✅ This break of 1.24 was an initial scalp trigger, with the main long-term trigger at 1.28. If breached, it could validate a bullish long-term position on altcoins, given the concurrent fall in Bitcoin's dominance, suggesting a preferable situation for altcoins compared to Bitcoin. ? In the event of market downturns, Bitcoin positions are generally more favorable if Bitcoin's dominance continues to fall. However, if considering short positions on altcoins, wait for Total2 to potentially fake this breakout and, if it reverses, enter upon breaking the 1.19 level. If you're a risk-taker, you could initiate earlier at the break of 1.19. https://www.tradingview.com/x/lCaW0VB0/ ? USDT.D Analysis USDT.D Analysis In the USDT.D index, nothing significant has changed, and for market long confirmations, the 4.44 break remains crucial. Conversely, for short positions during a market downturn, a break of 4.62 would confirm an increase in Tether's dominance. ⚡️ Note that the 4.44 trigger is risky, and a break of 4.24 is the principal confirmation of a trend change in USDT.D. https://www.tradingview.com/x/6pswYlbr/ ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Hi Traders, The swigly line on the indicator indicates a reversal. As you can see on January 30th, 2024 the swigly line indicated a reveral. With Ethereum potentially going up to $4800 you can imagine that TOKEN from Tokenfi will go up to .60 cents or more. Token from Tokenfi will put real world assets (RWA's) on the blockchain. Recently a few "premium" members on Tradingview boosted my previous ideas about TOKEN from Tokenfi. I take this as a sign that when Bitcoin and Ethereum go up TOKEN will do the same. TOKEN is a project from the leaders at FLOKI coin. It bottomed out many months ago at .024 cents. It's now at .027 cents. On the daily chart it shows the top area of interest is around .30 cents on the Maxwell Suite indicator (not shown) When Ethereum goes up to $3500 you will see TOKENUSDT go to around .35 cents and climbing. You can also see that on January 14th, 2025 the red line on the Machine Learning Indicator from Luxalgo which is in the middle of the bars has changed to blue indicating the reversal and uptrend had started. (Just barely) but you're getting in super early.
Nifty did well today to bounce back from the lows of the day at 22774 to close at 22929. Holding this support is key. Under the pressure of relentless selling the market is in bear grip as of now. This is a good time to identify long term investment opportunities. Gaining immediate profits and fast recovery looks little difficult as of now. (You can not be 100% sure about the tops and bottoms of the market.) Next few months will give ample opportunities to average/add on bounce only. Mother father line supports and Resistances are the key to any investment during the bear phase of market. Patience of investors will be tested in the coming few weeks and months. Reshuffling your portfolios in favour of Fundamentally strong stocks that are going or still above 50 and 200 weeks EMA or Mother father line will be key. This is a stock pickers market. The forth that had build up post COVID rally is being cleared. Corrections are healthy sign for long term investors. Stock market is a place where money is transferred from the impatient to the patient. Pain will remain in the market for a short to medium term but hopefully great time and great rally awaits us in medium to long term. This next few weeks and probably months will test the new investors. Those who have seen a few Bull and Bear cycles know that good times do return eventually on the browsers. Nifty Supports remain at: 22758, 22159, 21810 and finally 21302. Nifty Resistances remain at: 23128, 23259 and 23435. Major hurdles for Bulls remain near Mother line at 23554 and Father line 23594. After a closing above 23838 only Bulls can be back into the game. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
#TME - UniverseMetta - Analysis The price has formed a triangular correction + breach of the upper trend line, which may indicate a continuation of the uptrend with a global target of 22.17 If we consider short-term prospects, the nearest target is 14.50 per share. We can also take into account the older timeframe, which suggests the possible beginning of a 5-wave structure. The potential yield could be 73% from breaking the trend line. Target: 14.50 - 22.17 Translated with DeepL.com (free version)
Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2940-2942 first-line resistance, and the lower short-term focus is on the 2906-2910 first-line support. All friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are based on intraday real-time Short order strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2940-2942, stop loss 6 points, target around 2930-2920, break to see 2910 line; Long order strategy: Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2908-2910, stop loss 6 points, target around 2920-2930, break to see 2940 line;