? ? Asset: OXY – NYSE ? Timeframe: 30-Min Chart ? Setup Type: Bullish Breakout (Ascending Triangle Pattern) ? Trade Plan (Long Position) ✅ Entry Zone: Above $47.50 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $46.53 (Key Support Level) ? Take Profit Targets: ? TP1: $47.92 (Previous Resistance Level) ? TP2: $48.93 (Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $47.50 - $46.53 = $0.97 risk per share ? Reward to TP1: $47.92 - $47.50 = $0.42 (1:0.43 R/R) ? Reward to TP2: $48.93 - $47.50 = $1.43 (1:1.47 R/R) ✅ Favorable Risk-Reward Ratio toward TP2 ? Technical Analysis & Strategy ? Ascending Triangle Breakout: Price is breaking above the resistance line, confirming bullish momentum. ? Support at $46.53: The lower trendline acts as a safety net, keeping the uptrend valid. ? Volume Confirmation Needed: Look for above-average buying volume above $47.50 to validate the breakout. ? Resistance at $47.92: A move above this will strengthen the bullish case. ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong buying volume above $47.50 before entering. ? Trailing Stop Strategy: Move SL to break-even ($47.50) after hitting TP1 ($47.92). ? Partial Profit Booking Strategy: ✔ Take 50% profits at TP1 ($47.92), let the rest run toward $48.93 (TP2). ✔ Adjust Stop-Loss to Break-even ($47.50) after TP1 is reached. ⚠️ Risks & Considerations ❌ Fake Breakout Risk: If the price fails to hold above $47.50, exit early. ❌ Confirmation Required: Wait for a 30-min candle close above $47.50 before entering. ? Final Thoughts ✔ Bullish Setup – Strong upside potential. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.47 toward TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #OXY #NYSE #LongTrade #TradingView #ProfittoPath ??
Supply and Demand Aspect Supply: In 2025, the expected increment in global crude oil supply has been generally lowered. The production increase in non-OPEC+ countries is limited, and the actual effect of OPEC+'s gradual lifting of production cuts is lower than expected. However, the US shale oil production is on a strong upward trend. The EIA predicts that the total US crude oil production in 2025 will reach 13.61 million barrels per day, making it the largest source of supply growth in the world. If OPEC+ continues to increase production, the IEA predicts that the global crude oil supply surplus in 2025 may expand to 1 million barrels per day. At the same time, the uncertainties in the US sanctions policies against oil-producing countries such as Iran and Venezuela, and the fact that Russia's crude oil exports have climbed to a yearly high of 5.7 million barrels per day further increase the pressure on the supply side. Demand: The demand side shows a differentiated trend. In March, the IEA lowered the global crude oil demand growth rate in 2025 by 70,000 barrels per day to 1.03 million barrels per day, mainly reflecting the impact of the escalation of trade frictions on the macro economy. On the other hand, OPEC maintains an optimistic forecast of 1.45 million barrels per day, emphasizing the resilience of air travel and consumption in emerging economies. The EIA has raised the demand growth rate to 1.37 million barrels per day and expects the growth rate to further rise to 1.61 million barrels per day in 2026. USOil ? Buy@66.80 - 66.90 ? SL 66.50 ? TP 68.80 - 69.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
The S&P has been trading in a rising pattern for over 700 days, similar to the rising pattern observed in 2020 and 2021. In that instance, the price of the S&P broke below the support trendline and lost all SMA support, while also making a lower low. This has not occurred since the start of the current pattern. Could a deeper correction follow? Blue line = 50-day MA Red line = 100-day MA Yellow line = 200-day MA Analysis of the 2020/2021 Price Action We can conclude the following five points: 1. The rising wedge lasted for nearly 700 days. 2. The price consistently made higher highs and higher lows. 3. The S&P found support on the SMAs and never broke below the 200-day MA. 4. After approximately 700 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low. 5. During the retest of the rising wedge and key SMAs (which had turned into resistance), a bearish cross (50-day SMA below the 100-day SMA) occurred, leading to a downtrend. How Does the 2020/2021 Price Action Correlate to 2023/2024? We can conclude the following five points: 1. The rising wedge lasted for approximately 750 days. 2. The price continued making higher highs and higher lows. 3. The S&P found support on the SMAs and never broke below the 200-day SMA. 4. After around 750 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low. 5. A bearish cross between the 50-day SMA and the 100-day SMA is currently forming. When we overlay the bar pattern of the 2021 bearish price action onto the current chart, it suggests that a revisit to 4,750 is possible. This level is both a technical support and the point where the S&P started its downtrend in 2021. Conclusion Will the S&P follow the 2021 price action, resulting in a sustained downtrend, or will it reclaim all lost SMA levels and continue its uptrend? The price action suggests that there is a real possibility of weakness in the coming months.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??"
The market is moving in our favor! ? After a strong breakout from the consolidation zone, price action is showing bullish momentum. The stop-loss has been moved to breakeven (1.29277), locking in a risk-free trade while aiming for higher targets. ? Key Levels: ✅ Breakeven SL: 1.29277 (No risk now!) ✅ Current Price: 1.29874 ✅ Next Target: 1.30677+ Watch for a clean break above 1.3000 to confirm further upside! ?
Stability AI has released a new AI model, Stable Virtual Camera, that the company claims can transform 2D images into “immersive” videos with realistic depth and perspective. Virtual cameras are tools often used in digital filmmaking and 3D animation to capture and navigate scenes in real-time. With Stable Virtual Camera, Stability sought to add generative […] © 2024 TechCrunch. All rights reserved. For personal use only.
Amazon’s God of War TV show was announced years ago and is still sorting itself out behind the scenes. Now, well-known TV writer Ronald D. Moore has confirmed he’s joined the project, adding that it’s already slated for at least two seasons. Also, he’s never really played the games because modern controls are just a…Read more...
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