Couple days ago, I posted that 6015 will come lower to 2.14, if you listened and followed my advice and closed your positions, congrats! But if you don't and you kept holding, I hope you didn't lose too much of your funds. For now there's no clear entry to take, we'll keep waiting for the price to give us a proper entry to follow, which I will post a bit late, 2/3d after I share it to my clients so you can see how it goes. Follow for more!
Dow Jones (DJIA) has been trading within a Channel Up pattern since the late July 2023 High. The decline of the last 30 days can be technically seen as the Bearish Leg that will price its new Higher Low bottom. The price isn't only close to the Channel's bottom but also the 1W MA50 (blue trend-line), a level that has been supporting since the October 30 2023 bullish break-out. As a result, a 1W MA50 hit will be a potential double support test, with the 1W RSI also printing a Bearish Leg similar to the one that led to the October 2023 bottom. On the other hand, the ranged price action since the late November 2024 High, resembles the sideways volatility of the first half of 2024. Both were initiated after Higher High pricings at the top of the Channel Up. The rallies that led to those tops have been +21.00% and +23.72% respectively. If there is a decreasing rate on each Bullish Leg, then the new one should be +17.30% (i.e. -3.30% less than the previous one), which falls marginally below the 1.5 Fibonacci extension, which is where the November 2024 High was priced. As a result, as long as Dow is closing its 1W candles above the 1W MA50, the 2-year Channel Up is more likely to push upwards again for its new Bullish Leg, potentially targeting 48900 (+17.30%). ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ?????? ? ? ? ? ? ?
Declining Gasoline Stockpiles and Market Adjustments U.S. gasoline inventories decreased by 1.4 million barrels last week, bringing total stockpiles 1% above the five-year seasonal average. This decline occurred despite relatively weak demand growth, indicating that refiners are actively adjusting supply to prevent excessive buildup. Over the past four weeks, gasoline consumption has averaged 8.4 million barrels per day (bpd), reflecting a modest 0.9% increase year-over-year. While this suggests a slight recovery in demand, the overall pace of consumption remains subdued compared to historical seasonal trends. Consumers have yet to show a strong rebound in gasoline purchases, possibly due to economic uncertainty, shifts in commuting patterns, or improving vehicle fuel efficiency. Refinery Output and Pricing Trends Refinery production of gasoline rose to 9.6 million bpd, signaling refiners' efforts to maintain a stable supply balance. Despite this, retail gasoline prices continued their downward trend, falling to $3.078 per gallon, marking a decline both on a weekly and yearly basis. The drop in prices reflects a combination of steady production levels, lower crude costs, and moderate demand growth. While gasoline inventories are currently declining, their position above the five-year average suggests that refiners have room to adjust supply if consumption remains weak. The seasonal transition to summer-grade gasoline may introduce additional fluctuations in pricing and availability, making upcoming refinery utilization rates a key factor to monitor. Market Outlook and Investment Considerations Refinery stocks such as Marathon Petroleum ( NYSE:MPC ) and Phillips 66 ( NYSE:PSX ) may experience margin adjustments as gasoline demand evolves. Meanwhile, RBOB gasoline futures ( NYMEX:RB1! ) could remain under pressure unless demand picks up or crude prices provide upward momentum. The decline in gasoline inventories, coupled with weak demand growth and falling prices, suggests a period of relative stability in the market. However, seasonal factors and refinery adjustments could introduce new price movements in the coming weeks.
The Stock rebond from present level .. Target price above 39 $ Positive news could be the main reason for that raise in price very soon ! Who knows ?♂️ High Recommended stock to buy ASAP.
Tesla (TSLA) Shares Drop Over 15% Among the biggest decliners in the technology stock index (we covered the reasons behind the Nasdaq 100’s drop earlier this morning) are Tesla (TSLA) shares, which have plummeted by more than 15% in a single day—their worst performance in five years. Why Tesla (TSLA) Shares Fell One of the key bearish drivers behind Tesla’s stock decline appears to be Elon Musk’s political involvement in the Trump administration. For investors, this could signal concerns that: → The CEO is not devoting enough attention to the automaker’s operations. → Discontent among those who oppose Musk’s political stance could slow Tesla’s sales. And what about Musk himself? He has: → Acknowledged that business is “tough,” particularly following a cyberattack on his social media platform, X, but stated he intends to focus on politics for at least another year. → Reassured investors that, in the long run, “everything will be fine.” https://www.tradingview.com/x/YAmJgp6u/ Technical Analysis of Tesla (TSLA) Stock Chart In our previous analysis, we identified a descending channel (marked in red) and suggested that if the psychological support level of $300 per share failed to hold, further declines could follow. With updated chart data, we can see that: → The downward channel remains valid, reinforced by a test of its median line (marked by an arrow). → The $260 level (previous support) and $300 may act as resistance going forward, with the orange descending trendline also potentially serving as resistance. Since the price has now fallen below the lower boundary of the red channel, there is a possibility that bulls may attempt to recover some losses, banking on a long-term rebound. Tesla (TSLA) Stock Price Forecast Analysts remain cautiously optimistic, possibly hoping that Musk’s close ties with Trump will accelerate Tesla’s rollout of its robotaxi service. Another potential positive catalyst is Tesla’s market entry into India. According to TipRanks: → 13 out of 36 analysts recommend buying TSLA shares. → The average 12-month price target for TSLA is $340. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Hi Guys I can see some Bull interest , Thats going to shift market up next few days Lets see what happens Best of luck
**EUR/JPY** chart shows a strong bullish breakout after a period of consolidation. Here’s a quick analysis: https://www.tradingview.com/x/XS53Gm9o/ **? EUR/JPY Trade Outlook** ? **Current Price:** 160.600 ? **Resistance Zone:** Near **161.000** ? **Support Levels:** **160.132**, **159.797** ### **Key Observations:** ✅ Price broke above consolidation with strong bullish momentum. ✅ Moving averages indicate an uptrend continuation. ✅ Volume increase supports the bullish breakout.
Why isn't the TD Sequential an option in TradingView indicators? I'm looking at what appears to be an ascending 9 but it is hard to be certain of that without the TD Sequential formula programed into an indicator.
Although gold fell sharply yesterday and closed negative, the price still remained in the large range of 2870-2956. The Bollinger Bands flattened, limiting the space for further decline. The probability of maintaining volatility in the short term is relatively high. After the rebound is expected to touch the support near 2870, it is expected to enter a rebound rhythm today. The upper targets are 2910, 2930, and even 2956. 4-hour chart analysis: The sharp drop did not continue: After the sharp drop yesterday, the decline did not continue today, indicating that the market is not extremely weak. It rebounded first in the morning, suggesting that the main direction today is rising. Support: Near 2880 is the key support area for going long today. Resistance: The upper targets are 2910, 2930, and 2956. Operation strategy: Entry point: Go long near 2900-2902. Stop loss: 2896 (stop loss 4 points). Target: 2930. Entry point: long near 2880-2882. Stop loss: 2876 (stop loss 4 points). Target: 2930. Operation idea: Long on callback: Today's main direction is rising. It is recommended to arrange long orders in batches when the callback reaches near 2900 or 2880, and the target is 2930. Risk warning: Gold is still in a large range of fluctuations, and it is necessary to be alert to the possibility of a range breakthrough. If the price falls below the support of 2870, it may fall further; if it breaks through the resistance of 2956, it may open up upward space. Gold maintains a volatile rebound pattern in the short term. It is recommended to mainly do long on callbacks, pay attention to the support near 2900 and 2880, and the target is 2930. When operating, it is necessary to strictly stop loss, control positions, and respond flexibly to market changes.
?Yesterday, the gold price rebounded and continued to be under pressure at the 2915 line. The price rebound failed to effectively stand at a high level, resulting in the failure of the MACD indicator golden cross change. The US trading session started a correction and fell below the recent shock range. Today, the gold price hit the lowest level of 2880 in the morning and then rebounded to around 2910. ?After breaking the key support yesterday, today's short-term weakness is expected. Although it rebounded strongly in early trading, the focus is whether yesterday's starting and falling point, that is, the position of 2915, which continues to be under pressure, can be held. Although it is a shock pattern, if the key position is maintained, it will fluctuate downward again. At the same time, the gold price is likely to use 2930 as a phased suppression and launch a shock correction, rather than a unilateral decline. ?Upper resistance level: -First: 2908-2910 -Second: 2915-2918 -Third: 2928-2930 ?Lower support level: -First: 2890-2894 -Second: 2880-2885 -Third: 2865-2860 ✅For today's short-term gold trading strategy, it is recommended to prioritize short positions after a rebound, while considering long positions on pullbacks ✅Trading strategies are time-sensitive. We will provide real-time and accurate trading strategies based on market changes. Please stay tuned.