Bullish on Crude Oil: Targeting Higher Prices Next Week
- Key Insights: Crude oil is showing bullish momentum with strong market
sentiment favoring long positions. Key support levels are around $73 and
$72, while resistance levels are at $74.26 and $75.53. Recent trends
indicate that the energy sector is outperforming others, driven by rising
oil prices and investment optimism.
- Price Targets:
- Next week targets: T1 = $75.53, T2 = $78.46
- Stop levels: S1 = $71.50, S2 = $70.00
- Recent Performance: The price of crude oil has recently been hovering around
$73.68, with upward momentum evident in tight consolidation patterns. The
energy sector as a whole has increased by 3.4% to 5.4%, outperforming other
industries.
- Expert Analysis: Analysts are cautiously optimistic about the crude oil
market, with a focus on price levels that suggest potential support at $72
and $71.50. The prevailing sentiment encourages long positions as the market
positions itself for possible price increases.
- News Impact: Geopolitical tensions involving oil supply, particularly from
Russia and Ukraine, are intensifying concerns over supply disruptions.
Furthermore, potential tariffs on oil imports from Canada and Mexico could
disrupt market stability and increase price volatility. The upcoming
developments in energy policy will further shape the market dynamics in
2025.
Beyond Technical Analysis
Long on Crowdstrike: Target $400 with Strong Support at $340- Key Insights: CrowdStrike is showing promising momentum amidst a positive
market sentiment. The demand for its cybersecurity solutions is increasing
as cyber threats evolve, enhancing investor confidence. Market participants
see upside potential to the resistance level, supported by resilient buying
interest at current levels.
- Price Targets: Next week targets: T1 at $375, T2 at $400; Stop levels: S1 at
$340, S2 at $330.
- Recent Performance: CrowdStrike is trading at $359.02, demonstrating solid
performance with an upward trajectory. The stock has bounced back around the
S1 level, indicating strong support has emerged.
- Expert Analysis: Analysts remain bullish on CrowdStrike, anticipating
continued growth in the cybersecurity sector. The overall sentiment supports
tech stock investments, with CrowdStrike well-positioned to benefit from
this trend due to its innovation and market agility.
- News Impact: While no major news events were reported, the overall
cybersecurity landscape is changing rapidly, with any strategic developments
or partnerships potentially impacting stock performance positively.
MicroStrategy (MSTR): Bullish Outlook for Next Week
- Key Insights: MicroStrategy's strong Bitcoin holdings continue to drive its
stock's performance, making it a speculative investment. Investor sentiment
is cautiously optimistic, driven by Bitcoin price recovery prospects.
However, the volatility associated with Bitcoin means that MSTR could
experience significant price fluctuations. Investors should keep an eye on
Bitcoin’s price dynamics, as it will likely dictate MSTR’s performance.
- Price Targets: Next week targets are T1 = $375, T2 = $390. Stop levels set at
S1 = $290, S2 = $270. This setup indicates potential for growth, adhering to
the price level rules for long positions while also providing protective
measures against downside risks.
- Recent Performance: MSTR's stock has shown high volatility recently,
fluctuating with Bitcoin's price. The stock’s correlation with
cryptocurrency trends makes it a barometer for market sentiment and trading
activity in the sector. Recent price movements have suggested resilience
amidst fluctuating market conditions.
- Expert Analysis: Experts remain divided on MSTR, with some expressing concerns
about the downside risk if Bitcoin sees a significant downturn, potentially
dropping MSTR below $100. However, others believe MSTR’s strategic plan,
particularly its robust Bitcoin acquisition strategy, underpins a bullish
outlook towards the company’s future valuation as Bitcoin recovers.
- News Impact: Noteworthy developments include MicroStrategy's continued Bitcoin
purchases and strategic financial maneuvers like leveraging Bitcoin-backed
securities. The anticipated inclusion in the NASDAQ 100 may enhance investor
confidence and further boost MSTR's market presence, drawing additional
attention from institutional investors.
A productive week ahead: Consider going LONG on PLTR
- Key Insights: Palantir Technologies is currently positioned for further growth
driven by its government contracts and significant footing in the AI sector.
The recent surge in stock price juxtaposed with positive quarterly earnings
and raised price targets signals investor confidence. However, the mixed
valuation metrics suggest that caution should still be exercised while
entering new positions.
- Price Targets:
- Next week targets: T1: $82.50, T2: $85.00
- Stop levels: S1: $74.10, S2: $71.90
- Recent Performance: Over the past year, Palantir has shown remarkable growth,
with the stock price soaring about 300%. The recent quarterly earnings
reflected a 30% increase in revenue from government contracts, contributing
to an overall bullish sentiment in the market.
- Expert Analysis: Sentiment remains largely optimistic, primarily due to
strategic partnerships and strong earnings. Experts highlight Palantir’s
leadership in AI and a solid pipeline of government contracts, though
caution is warranted amid concerns about valuation metrics, notably its high
price-to-sales ratio.
- News Impact: Strong quarterly reports and a notable increase in government
segment revenue have reinforced the positive outlook for Palantir. Analyst
upgrades, particularly from Wedbush, demonstrate the growing confidence in
the company's strategic direction and market performance, especially ahead
of its anticipated transition to NASDAQ.
- Key Insights: Microsoft currently reflects a cautious longMicrosoft: Cautious Approach Recommended Next Week
characterized by volatility. The company's strategic $80 billion AI
investment signifies long-term growth potential. Watch for potential
movement within resistance at $440 and support around $400 to $410 as market
sentiment adjusts.
- Price Targets: For next week:
- T1 = 435.00
- T2 = 440.00
- S1 = 410.00
- S2 = 405.00
- Recent Performance: Microsoft has faced difficulty in sustaining recent
breakout levels, indicating bearish tendencies consistent with trends among
major tech stocks. While some tech leaders excel, Microsoft fluctuates
within a cautious trading range.
- Expert Analysis: Analysts view Microsoft's AI initiatives positively, yet
caution surrounds existing market dynamics. The sentiment remains guarded
amidst volatility with expected price corrections, suggesting a wait-and-see
approach for potential buying opportunities.
- News Impact: Microsoft is actively pursuing growth strategies, particularly in
AI, strengthening its position in the tech sector despite current price
pressures. Ongoing discussions with industry peers signal an awareness of
market sensitivities and aim to consolidate its competitive edge.
A bullish outlook on TSLA as key levels approach
- Key Insights: Tesla shows resilience with year-over-year auto sales growth,
despite recent delivery shortfalls. Analysts are optimistic, with strong
endorsements from significant investors like Ron Baron and Cathie Wood
highlighting Tesla's long-term potential due to its innovation in full self-
driving technology.
- Price Targets: Next week targets are T1=423, T2=428. Stop levels are S1=410,
S2=400. This setup reflects the potential for upside momentum provided that
Tesla maintains its support levels above $400.
- Recent Performance: TSLA has rebounded by over 8% recently, indicating strong
bullish sentiment following a sell-off. This recovery is critical as the
stock faces mixed signals in the tech sector, but has shown substantial
resilience compared to its competitors.
- Expert Analysis: The sentiment among analysts is largely positive, with
projections suggesting a bright future for Tesla driven by technological
advancements and strong leadership. Industry experts emphasize the
importance of breaking through key resistance levels to strengthen bullish
momentum.
- News Impact: Upcoming advancements in Tesla's self-driving technology are set
to bolster investor confidence. However, mixed delivery figures and
increased competition from traditional automakers present challenges that
could influence short-term performance.
Long SPY: Key Levels Indicate a Bullish Breakout Next Week- Key Insights: The S&P 500 ETF (SPY) has demonstrated strong bullish momentum,
rising by approximately 1.25% last week. Analysts see potential for SPY to
surpass the critical $600 level, which, if breached, could trigger increased
buying activity. Monitoring resistance and support levels is crucial for
assessing potential price action in the upcoming week.
- Price Targets:
- Next week targets:
- Target Price 1 (T1): $596 (initial short-term target based on bullish
momentum)
- Target Price 2 (T2): $598 (anticipating further price advancement)
- Stop levels:
- Support Level 1 (S1): $590 (current support indicating strength)
- Support Level 2 (S2): $580 (strong support level in case of pullbacks)
- Recent Performance: SPY's recent activity has showcased notable strength,
consistently closing above key support levels with bullish indicators
pointing towards continued upward momentum. The ETF is currently trading at
$591.95, just shy of the critical resistance ceiling.
- Expert Analysis: The sentiment among market analysts remains positive, with
expectations that both SPY and the Nasdaq (QQQ) will reach new all-time
highs. This overall bullish outlook is bolstered by strong investor demand
and favorable macroeconomic indicators. Careful monitoring of resistance
levels is essential as they may determine the immediate market trajectory.
- News Impact: While specific news items were not highlighted, the general
sentiment aligns with broader economic trends suggesting continued bullish
strength. Key economic data releases and earnings reports from major
companies within the S&P 500 will be pivotal in shaping SPY's performance.
Additionally, heightened gamma exposure around the $600 strike indicates
potential for increased volatility, which could lead to significant market
fluctuation.
A cautious long position in Gold ahead of potential bullish brea
- Key Insights: Gold is currently in a consolidation phase after invalidating a
bearish breakout, indicating possible short-term bearishness followed by a
potential bullish turnaround. Investors should watch the U.S. dollar's
strength as it may exert additional pressure. Key resistance and support
levels are paramount for positioning. Long-term price targets suggest
significant upside, but careful monitoring of market volatility and external
factors is crucial.
- Price Targets: Next week targets for long positions are T1=2680, T2=2730. Stop
levels are S1=2615, S2=2590. For these targets to be valid, current price
must remain above S2 and below T1.
- Recent Performance: Gold recently invalidated a bearish breakout and embraced
a cautious bullish sentiment amidst volatility. Prices have hovered around
2644.80005, underlying both opportunities and risks as investors navigate
this fluctuation.
- Expert Analysis: Analysts maintain a bullish outlook for gold mentioning
potential targets ranging from $3,000 to $10,000 by 2025-2026. However,
short-term projections suggest caution with possible bearish movements due
to influential resistance levels. The divergence between gold prices and
gold miners' performance reflects uncertainty and operational challenges,
necessitating additional scrutiny.
- News Impact: Notable earnings reports for Goldman Sachs and Procter & Gamble
are anticipated, potentially influencing market sentiment around commodities
including gold. Positive signs in Canadian Venture stocks and a weakening
silver relative to gold indicate shifting dynamics that may present
opportunities for gold investors. Overall market sentiment remains positive
but requires careful navigation due to impending reports and market
reactions.
Important Support and Resistance Area: 50.93-52.95
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(MNST 1W chart)
If it falls from the HA-High indicator and meets the HA-Low indicator, it can be interpreted that the wave has been initialized.
If it falls below the HA-Low indicator, it is likely to show a stepwise downtrend.
However, since it meets the HA-Low indicator, it will eventually form a bottom area.
Therefore, the 50.93-52.95 area is an important support and resistance area.
-
(1D chart)
If possible, the point to watch is whether it can be supported around 51.92-52.95 and rise above 53.77.
If it falls below 50.93, you should check whether it is supported around 48.80.
If it is supported around 53.77, you should check whether it is resisted around 55.32-55.96.
-
Thank you for reading to the end.
I hope you have a successful trade.
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#EURCHF 1DAYEURCHF (1D Timeframe) Analysis
Market Structure:
Trendline Resistance Breakout: The price has broken above a key descending trendline resistance, signaling a potential shift towards bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests increased buying interest, with expectations for further upward movement if the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: Consider buying after confirmation of the breakout or on a retest of the trendline as new support.
Risk Management:
Stop Loss: Placed below the broken trendline or recent swing low to minimize risk.
Take Profit Zones: Focus on the next resistance levels or Fibonacci extensions for potential targets.
Market Sentiment:
Bullish Bias: The breakout indicates a potential trend reversal, favoring buyers as long as the price remains above the trendline support.
FET about to be teleported to new highHi, I'm slowly building a SPOT position on FET since last week. I'm buying a little bit every times FET goes under 0.50$^.
I feel like what we are seing is a vertical accumulation on FET and even if FET feel disgusting to buy so close to the local ATH, it's probably going to nuke it and reach new high.
I'm speaking of a more than 100% pump in the span of two weeks.
Of course because of the way it look, i'm not using leverage because if it wick down before pumping just to flush longs that would be unfortunate :D
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Goal : 2 000 000$ from 2 000$
Wallet last update : 2583$
Wallet today : 3104$
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WOO Triple Bottom on 0.382Long here and will try to play a bounce.
I'm looking for 0.41$ and will sell there, but note that a rebounce on 0.382 after such a big move last week is ultra bullish.
And if that happen it might pump to 0.60$ very fast.
Invalidate if <0.34$
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Goal : 2 000 000$ from 2 000$
Wallet last update : 2800$
Wallet today : 2700$
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#EURCAD 1DAYEURCAD (1D Timeframe) Analysis
Market Structure:
Support Trendline Breakdown: The price has broken below a key ascending trendline support, indicating potential weakness and bearish pressure.
Forecast:
Wait for Retest, Then Sell: A retest of the broken trendline as new resistance could provide confirmation for a selling opportunity.
Key Levels to Watch:
Entry Zone: Look for price rejection at the retest of the trendline or near resistance areas before entering a sell position.
Risk Management:
Stop Loss: Placed above the retest zone or recent swing high to limit risk.
Take Profit Zones: Target nearby support levels or Fibonacci extensions for potential downside moves.
Market Sentiment:
Bearish Bias: The breakdown suggests sellers are gaining control, but waiting for a retest offers a safer entry point to confirm the trend reversal.
Xauusd buy Gold price attracts some follow-through sellers at the start of a new week and retreats further from a nearly three-week high, around the $2,665 region touched on Friday. The prospects for slower Fed rate cuts in 2025 keep US Treasury bond yields elevated, undermining the non-yielding yellow metal.
Xauusd buy 2625
Support 2635
Support 2645
Samll sell
Gold 4H Buy SetupOn this 4-hour Gold (XAU/USD) chart, I’ve identified a potential buying opportunity at the Point of Interest (POI), but I’ll only enter after getting clear confirmation.
My Observations
1. Market Structure Shift:
There’s a Change of Character (CHoCH) on the chart, suggesting a potential shift from bearish to bullish momentum. This gives me a reason to start looking for buying opportunities, but I’ll wait for the market to confirm it’s ready to go higher.
2. Discount and Premium Zones:
The price has retraced into the Discount Zone, which is where I prefer to look for buy entries. It’s always better to buy low (discount) and aim for the higher zones (premium), but I won’t rush into it until I see evidence that the buyers are stepping in.
3. Point of Interest (POI):
The POI I’ve marked aligns perfectly with a key support area, and I suspect it’s a level where big players might step in. I’m watching this zone closely for a reaction. If I see bullish confirmation, that’s where I’ll look to get involved.
4. Key Levels for Confluence:
The Daily Key Level at 2,598.79 adds strong support below the POI, and the upper Daily Key Level at 2,661.17 is a great target area for potential profit-taking. The current price (2,628.06) is approaching my POI, so now it’s a waiting game.
---
My Plan
Entry:
I’ll buy only if the price gives me solid confirmation at the POI (around 2,627.18). This could be something like a bullish candlestick pattern, a lower timeframe structure break, or rejection wicks showing strong buying interest. No confirmation, no trade.
Stop Loss:
I’ll place my stop loss below the POI or the daily key level at 2,598.79, just to account for potential fakeouts.
Take Profit:
My first target will likely be the Daily Key Level at 2,661.17, but I’ll also be keeping an eye on the Premium Zone above that for extended profits.
---
Why This Setup Makes Sense
The CHoCH suggests buyers might be taking over.
The price is in the Discount Zone, giving me a good risk-to-reward setup.
The POI and key levels below provide strong support and confluence.
By waiting for confirmation, I avoid getting caught in a potential fakeout.
For now, I’m just watching and staying patient. If the price gives me what I need at the POI, I’ll be ready to jump in.
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
Resistance Trendline Breakout: The price has broken above a key descending trendline resistance, indicating a potential shift in momentum toward the upside.
Forecast:
Buy Opportunity: The breakout suggests bullish momentum, with further upward movement likely as long as the price holds above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or a retest of the trendline as new support.
Risk Management:
Stop Loss: Placed below the broken trendline or recent swing low to limit downside risk.
Take Profit Zones: Focus on the next resistance levels or Fibonacci projections for potential targets.
Market Sentiment:
Bullish Bias: The breakout above trendline resistance reflects increased buying interest, supporting expectations for further gains.
[EURCAD] Short entry for swing positionI am not used to trade this forex devise but here we can see something interesting on a daily chart.
We are a little bit late on this trade but still good to try again a this point. We will manage the exit closely, the final TP is the most optimitic one.
Great Trade !