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TVC:USOIL prices rose slightly by about 1% in Asian trading on Monday before falling sharply, largely due to the continued US military crackdown on Houthi militias. US Pete Hegseth said on Sunday that the US military will continue to fight the Houthis until they stop attacking international shipping lanes. The US has previously conducted airstrikes in Yemen, causing casualties among Houthi fighters. The Houthis have hinted that they could take stronger retaliatory actions, adding to market concerns that the situation in the Red Sea will continue to escalate. While geopolitical tensions pushed oil prices higher, concerns about global economic growth limited gains. Goldman Sachs analysts have lowered their oil price forecasts based on the following points: • The Trump administration’s new tariffs on Mexico and Canada could restrict global trade and lead to lower-than-previously expected US economic growth. • The slowdown in economic growth will lead to lower oil demand, and Goldman Sachs expects oil demand growth in the coming months to be lower than previously estimated by the market. • OPEC+ supply could exceed expectations, and while the market is currently focused on the situation in the Middle East, overall supply remains relatively abundant. • The market expects signs of a slowdown in the US economy to keep oil prices under pressure in the long term, although geopolitical factors could still support prices in the short term. In addition, the market is paying attention to the Federal Reserve's interest rate meeting on March 18-19. The market expects the Fed to keep interest rates unchanged while continuing to assess the impact of the Trump administration's policies on the economy. If the economic outlook continues to deteriorate, the possibility of the Federal Reserve adjusting its policy this year cannot be ruled out. https://www.tradingview.com/chart/USOIL/3HQJEx5P-The-downtrend-dominates-the-focus-needs-attention/ WTI Crude Oil Technical Outlook Analysis TVC:USOIL On the daily chart, WTI crude oil is temporarily in the accumulation phase but with the current position and structure, the downtrend is still dominant with the short-term trend being noticed by the price channel, the medium-term by the price channel and the nearest pressure from the EMA21. The recovery momentum of WTI crude oil is also limited by the 0.50% Fibonacci extension level, and as long as crude oil fails to move above the EMA21 and break above the price channel, it still has a main bearish outlook. In the short term, the downside target is around $65, the low since September 10, 2024, followed by the 0.786% Fibonacci extension. Notable positions for the WTI crude oil downside trend will be listed again as follows. Support: $66.63 – $65.33 Resistance: $67.85 – $68.52 – $69.07
After the market completed a series of five bullish motive waves, it experienced a sharp decline characterized by an ABC corrective pattern. The price retraced to the 61.8% Fibonacci level, subsequently forming a leading diagonal pattern in wave 1. Additionally, an inverted head and shoulders pattern emerged after sweeping a key daily swing low (SSL) liquidity level. These developments suggest a potential upward movement in a five-wave motive structure. Market Minds Team (MMT) https://www.tradingview.com/x/fLxSEeUF/ https://www.tradingview.com/x/IvpD0ynd/
If you haven`t sold this recent top on BTC: https://www.tradingview.com/chart/idea/qFcRtvPy/ Now Bitcoin (BTC) has recently pulled back, but signs are emerging that a technical rebound could be imminent. A large crypto investor, or whale, has reportedly opened a 40x leveraged short position for over 4,442 BTC (valued at over $368 million), effectively betting on a near-term price drop. However, this appears to be more of a short-term, low-volume trade rather than a sustained bearish position. Given the high leverage involved, the whale will likely seek to close the position soon with a modest profit rather than holding it as a long-term directional bet. Weekend trading volumes tend to be lower, which could contribute to short-term price weakness — but once the position is closed, buying pressure could return, fueling a recovery. From a technical perspective, Bitcoin is currently near key support levels, with momentum indicators like the RSI signaling oversold conditions. Historically, similar setups have led to sharp rebounds as short covering and renewed bullish sentiment drive prices higher. My price target for Bitcoin is $97,500 by the end of the year, which would represent a recovery of approximately 15-20% from current levels. If the whale closes the short position and broader market sentiment stabilizes, Bitcoin could quickly regain upward momentum toward this target.
NIFTY 22500 PE 20TH MAR EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty index is encountering selling pressure around the resistance level of 22,500, creating a potential sell-on-rise opportunity. We recommend considering the 22,500 Put Option (expiring on 20th March) between ₹80 - 75. Target levels: ₹115 and ₹135. Stop Loss (SL): ₹50 Regards, OptionsDaddy Research Team
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) consolidates near its record high from the Asian session on Friday, trading within a narrow range. Investor concerns over President Donald Trump's aggressive trade policies and their potential global economic impact sustain demand for the safe-haven metal. Additionally, growing expectations of further monetary easing by the Federal Reserve (Fed) provide additional support to the non-yielding bullion. ⭐️Personal comments NOVA: Sideway and accumulation continue the uptrend back to the $3000 price zone ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $3021 - $3023 SL $3028 TP1: $3010 TP2: $3000 TP3: $2990 ?BUY GOLD zone: $2940 - $2942 SL $2935 TP1: $2950 TP2: $2960 TP3: $2970 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Fundamentals: Valuation: Undervalued on the 30d - 13d Between the mean/Undervalued on 10d (projecting one more drop to undervalued on the 10 days) Seasonality: Following the price well. But I've explained that the price of Dow Jones reached a High 2-3 weeks before seasonality Tool predicted. As per 5y 10y 15y seasonality, the bottom of US30 could be this week, or early next week. Whether we see another drop is something we can't tell. But Seasonality tool was late as per the example I've showed you on Trade Station, could be late this time around, and we could find a bottom within the next 5-6 trading days! Technically: I've explained why I prefer the lower Daily Demand Zone. The Demand Zone we are currently at - is where the Equilibrium lies as per Fib Tool - therefore not a good buy level! Lastly, can we see one more heavy move down with A -3.5% on FOMC this Wednesday? We don't know, but it happened in December and it could happen this week!
SELL USDZAR SCENARIO. It should be safe to sell now as price has already created that high at 18,22. Now we should see further decline into the 17,00's. Bearish flag confirming this.
After gold adjusted horizontally last week, the trend broke through and rose based on news stimulation. The price continued to rise to the 3000 line. The pattern also changed from a wide range to a triangle convergence breakthrough. The current trend is short-term surge adjustment, the hourly line and 2990-2980 are repeatedly pulled, and the upper 3000 point line resistance is under pressure. The short-term vaguely forms a head and shoulders top pattern. If the lower 2980-2976 line falls below, then the lower side will test the 2960-2956 regional support. Upper short-term resistance 2995-3000 Lower short-term support 2980-2976 Overall, gold is rising and rising, and there is a need for short-term price adjustment. From the trend point of view, it still maintains a strong trend. In terms of operation, it is recommended to short at high levels as a supplement, and to make deep corrections as a supplement. Today's operation suggestion: Bulls suggest that gold pulls back to the 2960-2956 area and has a low-multiple layout. The trend falls below and stabilizes below 2950 as the basis for stop loss. The upward targets are 2980, 3000, and 3020. Short-selling suggestions: Gold is under pressure in the 2990-2995 area and a light position is tested for shorting, with a stop loss of 3005. The downward target depends on the break of 2980, and then gradually follow up the 2960 line.
Currently, the price is breaking an important support level, which has been tested a couple of times. Apart from this violation of parallel channel, it can be seen that as soon as the price broke the lower trendline, it returned to retest that level and went down sharply. Our bearish trend will be confirmed once the price marks LL and comes back for LH; then, we can either place a sell limit or sell stop order