Daily 4XSetUps - UKOIL Bears Are Taking Over The Terrain Again

2025/01/08
Daily 4XSetUps - UKOIL Bears Are Taking Over The Terrain Again
“a still very good medium-term chart technical price action chart!
but fundamentals seem to be barish? or was it trump? what next?”



Media reports on the future tariff policy of US President-elect Donald Trump weighed on oil prices. What I feared at the beginning of the year regarding the price action has already happened - even before he is officially back in the office. Trump is back in office, from January 20, 2025. And the price action is already going crazy - even before it starts! Which is why, as you know, I closed all of our 4XSetUps in advance - but in the case of this long UKOIL 4XSetUp I didn't want to, I couldn't hold back. Because the circumstances and/or above all the chart simply looks too bullish in the medium term! Or? But what's the point of all this if Donald Trump keeps pumping out one headline after another? Correct - nothing! The cards are shuffled (almost every day). "Oh man, how I love this man - he makes politics for his US taxpayers and US consumers! Even if his choice of words (as US President) sometimes goes overboard. But I have the feeling he has become more relaxed 4 years later?" However, it costs me nerves like any other financial market participant! Isn't it in your case about the price actions too? Just like today - because the oil price has fallen relatively sharply after starting the week proudly yesterday.

What happened today? According to CNN, Trump wants to declare a national economic emergency to create a legal basis for tariffs, citing unnamed sources. Trump is considering a national economic emergency declaration to allow for a new tariff program, sources say. The introduction of high tariffs in the USA would of course put a strain on the global economy. This would also dampen demand for crude oil. clear! But also make the offer more expensive! or not? I don't know! Kind of crazy - right? However, UKOIL is today more than -1% lower. Last price action is $76.06 with -1.36%. In addition, U.S. inventories recorded by the Department of Energy fell less than expected last week. US crude stocks fell while gasoline and distillate inventories rose in the week ending January, the Energy Information Administration said. Crude inventories fell by 0.959 million barrels, more than market expectations for a 0.6 million-barrel draw. It was the seventh consecutive drop in crude oil stocks, challenging the recent rhetoric that low fuel demand in the upcoming year will drive the crude oil market to remain in a surplus. Which may have had fundamental reasons - and how did the majority of traders and/or investors react accordingly to the price action in UKOIL today? And that regardless of Trump? I don't know!

“Never say anything about someone that you wouldn’t say to them directly and don’t try people without accusing them to their faces.”
Ray Dalio

$87.92 : 2024/07/05 - 2nd Quarter 2024 High
$81.12 : 2024/10/07 - 3rd Quarter 2024 High
$76.79 : 2024/06/04 - 2nd Quarter 2024 Low
$76.08 : 2024/11/05 - November 2024 High
$76.06 : 2025/01/08 - last price action
$75.10 : 2024/08/05 - 3rd Quarter 2024 Low
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
$69.95 : 2024/10/01 - October 2024 Low
$68.71 : 2024/09/10 - Annual 2024 Low
As I already wrote yesterday: In the coming days, bulls will need to maintain price action above the highs of the last two months. Because if the price action remains above $76.08 (2024/11/05 - November 2024 High) and/or even $74.85 (2024/12/31 - December 2024 High), the bulls will defend the territory by more or less $75? $80 for the month of January 2025 is a realistic, optimistic target for now! - but the bulls have clearly won the terrain today! And we bulls are currently trying to defend the November 2024 high, from 2024/11/15 at $76.08 points. The $75 needs to be defended in order to regain strength and/or faith to attack the upward trend line, which is today at $78.73. I originally wanted to address this headline today - but the reaction of the other traders and/or investors today has pushed this mark so far away that I will try to write some words about it tomorrow.

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$88.00 : 2025/06/30 - Target Price
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$76.19 : 2025/01/06 - Entry Price
$76.06 : 2025/01/08 - last price action
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron



“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.