I think we just bottomed and we'll now see a retest of the highs. I'm still net super bearish but I think a trap is possible. I've taken profit and bought under 5200.
On Friday, within the highly abnormal market environment instigated by Trump's tariffs, the fundamental signals in the oil market ceased to be effective in forecasting the trough of oil prices. The nation's aggregate fuel oil imports witnessed a 46.4% week - on - week decline in the week concluding on April 2nd, plummeting to 544,923 metric tons. Inflows from Asian suppliers constituted 34% of the total imports during the latest week, amounting to 185,323 metric tons, while imports from the Middle East decreased by nearly 58% week - on - week, dropping to 232,765 metric tons. Concurrently, data from the Singapore Enterprise Development Agency indicated that in the week ending April 2nd, Singapore exported approximately 250,065 metric tons of fuel oil, more than doubling the volume of the previous week. Crude oil experienced a substantial decline on Friday. Subsequent to breaching the 66.0 - level, the downward momentum of oil prices accelerated, with the price plunging straight to around 60.7. Such a significant drop has disrupted the previous platform support of oil prices. It is anticipated that the price will undergo a further downward adjustment in the subsequent market. Although there exists a probability of a gap - up opening on Monday, the overall bearish stance remains unchanged. Particular attention should be paid to the bearish defensive price level at 64.8. Today, it is advisable to place short - selling orders for crude oil at the 66.5 - level and potentially consider additional short - selling around 62.5. USOIL sell@62-63 tp:60-59 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
The SP500 has suffered a massive 8% drop, currently trading around 5158 at the moment, after market turmoil triggered by Trump's new tariff war. Panic selling has pushed the 30-minute RSIto an extreme oversold level of around 28, signaling potential short-term exhaustion. Possible Scenarios: ? Short-Term Bounce? The RSI suggests a possible technical rebound, with key resistance around 5200-5250 if buyers step in. Watch for volume confirmation. ? Further Downside? If panic continues, the next major support lies at 5100, followed by 5000 psychological level, where institutional buyers might defend price. ⚠️ Caution: Markets remain highly volatile! A dead-cat bounce is possible, but uncertainty surrounding tariffs could fuel more downside pressure. Stay sharp! ? What’s Your Take? Will SP500 recover or break lower? Drop your thoughts below! ?? #SP500 #StockMarketCrash #Tariffs #Trading #TechnicalAnalysis #RSI
We had our run in Gold. Now it's time to bank our coinage and GTFO! I got us in when we should have https://www.tradingview.com/chart/XAUUSD/6BoDBdyc-Gold-XAUUSD-Bullish-Setup/ Kept you in the trade when we should have https://www.tradingview.com/chart/XAUUSD/4BMcr5Wm-XAUUSD-Hitting-44-year-Resistance/ Take your 50% profits, smile, and don't look back! Click like follow subscribe!
The Great Depression (1929-1939): This was the most severe economic downturn in US history, triggered by the stock market crash of 1929 and exacerbated by bank failures, high unemployment, and a global economic crisis. 1973-1975 Recession: This recession was largely caused by the oil crisis of 1973, where OPEC (Organization of the Petroleum Exporting Countries) raised oil prices and embargoed oil exports to the United States, leading to high inflation and economic stagnation ("stagflation"). 2001 Dot-Com Recession: This recession followed the bursting of the dot-com bubble in 2000, where over-inflated tech stocks crashed, leading to economic uncertainty and a short but relatively shallow recession. The Great Recession (2007-2009): This recession was triggered by a housing bubble fueled by irresponsible lending practices and the collapse of the housing market, leading to a financial crisis that spread globally. COVID-19 Recession (2020): The global COVID-19 pandemic led to lockdowns, business closures, and a sharp decline in consumer activity, resulting in a severe economic downturn and a rapid increase in unemployment.
The NZD/USD pair has broken down from a well-defined rising wedge pattern, signaling a shift in short-to-medium term momentum. After trending within this rising structure for several weeks, price has now decisively violated the lower trendline, confirming a bearish breakout. The move coincides with a sharp rejection near the 200 EMA, which continues to act as dynamic resistance overhead. Price is now hovering around a key support zone between 0.555 and 0.558 — a level that has historically served as a pivot point. The breakdown is also supported by a clear bearish RSI divergence, where price made higher highs while RSI formed lower highs, indicating weakening momentum. Currently, the RSI sits at around 32.47, approaching oversold territory but not yet showing signs of bullish reversal. If the current support zone fails to hold, we could see further downside pressure, potentially driving the pair toward the next major support region near 0.548–0.540. On the other hand, if buyers step in and absorb the sell-off at these levels, a relief bounce toward the broken trendline or the 200 EMA could be expected — though such a move may face strong resistance.
Island v Island, which will you choose? We buying this son of a bullion. Ultra short on the YEN. Don't ask me why. Sell peaks, because you never go all in on an island.
OANDA:GBPCAD whats next?, we are have two times bounce on trend line, currently on D is visible DESCENDING TRIANGL, in triangl we have RECTANGLE PATTERN 4h which is breaked, below rectangle pattern we have on lower TF better visible BEARISH FLAG pattern 1h (violet doted), which currently looks breaked, here expecting bearish push now till next trend zone. SUP zone: 1.85000 RES zone: 1.82250, 1.81600
Whole Numbers And High Reaction Zones Where Demand Is Imminent.
Closing above Strong Resistance level around 8.20 is a Positive Sign.