Page 4 | Light Crude Oil Spot Trade Ideas — ACTIVTRADES:LCRUDE

Oil Resurgence: Conflicts Boost Prices In today's oil market, we have witnessed a strong bullish rally after a -3.37% drop last week between Tuesday and Friday. This momentum is due in part to increased conflicts in the Middle East and on the Ukraine front with Russia. The disruption created in Russian refineries with Ukrainian attacks by fighter drones throughout the month have created geopolitical pressure in the region that may facilitate upward price stress from buyers looking to secure demand, as 12% of Russian production capacity has been affected according to ANZ Research. In addition, the decline in the number of oil rigs in the United States has put upward pressure on prices. Disruption at Russian refineries due to drone strikes by Ukraine has created geopolitical pressure that could increase demand and, as a result, prices. Recent conversations between Antony Blinken, US Secretary of State, and Israeli Prime Minister Benjamin Netanyahu have highlighted the risk of global isolation if attacks in the Gaza Strip continue. In the Middle East, US forces on Saturday responded by shooting down six Huties strikes south of the Red Sea aimed at destroying a Chinese oil tanker, adding to volatility in both regions. We are at a time o f high volatility and systemic risks in these regions , which could further boost crude oil prices in the short term in what could be a change of uptrend for the long term. The price has recovered part of its price during the Asian session due to the aforementioned conflicts and also at the beginning of today's European session, the continuation of this upward pressure is clearly being perceived. At the opening of the Asian session, prices started at $80.44 and are currently at $81.12, with a high for the day of $81.32, thus fracturing the bearish pennant figure that has been forming during the previous week's sessions. Technical analysis shows a possible bullish continuation towards $83.03 if the price manages to break above the $81.50 mark, which is the middle zone of the channel. However, it is important to note that trading volumes are not particularly strong at the moment and the trading bell marks us $80.96 as the most preponderant value at the checkpoint (POC). The RSI is slightly overbought at 61.21%, while the 200-day moving average is at 55.52%. These signals could indicate a possible pullback if the price fails to maintain its momentum towards the middle zone generating a rebound to the direction of the current checkpoint.

OIL : 50% REACHED - The market still trades inside a bullish channel started at the end of December 2023, the long-term trend is bullish for the black gold. - Since beginning of February, and the fourth impact on the lower bound of the bullish channel, the market has accelerated towards the 50% retracement of the sell-off which took place during Q4 2023. The long-term moving averages have already reversed to the upside long ago, before registering a bullish cross. The DMI indicator shows an increasing bullish environment within a more and more directional price action. - Considering all of the above, it is hard to qualify the current situation as bearish or threatening for black gold. This increased appetite for oil came along rising tensions in the middle east, with bets on disrupted supply chain in the red sea, as well as fears of a widening conflict to other nations such as Iran. Technically speaking, there is however not much more short-term bullish potential for the market. Prices have already reached a significant resistance level (50% Fibonacci at 81.00$) and now trade close to the upper bound of their bearish channel. But considering the importance of the geopolitical developments in the price action, no scenario should be off the table, and an acceleration above 81.90$ and the 83.40$/84.00$ zone could still be possible. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.

Oil on the Edge! Key Data in the American Session today The crude oil market has experienced a reduction in demand this week, holding prices steady since Monday, after weeks of losses in value due to a decrease in demand, especially from the main importer, the Chinese market which put the price on Monday at $76.49. During today's Asian session, crude oil has shown a 3.62% increase from Wednesday's European open to the current high of $80.31. Although Chinese buying data increased in the first two months of the year compared to the same period last year, being lower than previous months. This day's American session will be influenced by key data such as manufacturing production, retail sales and the US unemployment rate, which will determine the evolution in the demand for oil and its derivatives and will present us whether the US economy is robust enough to sustain current prices in an environment of slowing global productive demand. From a technical perspective, the RSI shows a highly overbought level of 70.44%, with weak trading volumes, and a marked checkpoint at $78.09 represented in a mono-bell. This presents us with three possible scenarios: - If expectations are positive for the non-U.S. market, prices could reach $85, a significant price barrier since last November. - If the market remains stable, prices are likely to remain sideways with no major movements moving between $77 and $80. - If the U.S. outlook is negative, price is likely to retreat back toward $76, an area of strong trading since mid-February. This afternoon's news will be crucial for the evolution of the crude oil market, so it is recommended to stay tuned. Ion Jauregui - AT Analyst The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.

USOIL - H1 ANALYSIS Break of Structure is here for bulish trend. Inducement is clear here!

Revolutionizing Markets:Gold-Oil Correlate,Gas on a Tightrope Today we delve into the analysis of three key assets: Gold (GOLD), West Texas oil (LCrude) and gas futures (NGasMar24). At first glance, it may appear that these assets are unrelated, however, since 2020, Gold and Oil have experienced a de-correlated relationship. Gold, despite reaching highs in December, has experienced a de-escalation within a bullish channel, with notable bounces, such as yesterday's bounce to the $2,014.76 area. This suggests price consolidation in this area and a possible upward direction towards $2,087 and possibly $2,139. On the other hand, crude oil showed a rebound on January 26, further strengthening its uptrend. It is expected to return to the $75 levels and, depending on the news, could reach $79.60. In contrast, Gas has maintained a sideways trend, hovering between $3.747 and $2.055 in recent weeks. In summary, we observe a definite correlation between Gold and Oil, which had faded in 2020 but has recently re-emerged the Gold Gold Gold/Black Gold pair. Gas, on the other hand, has not followed the line of its jet cousin, and shows signs of price exhaustion and a possible bearish continuation decline, generating a plunge. According to the TV candlestick measurement rule, crude oil's performance since January 29 has been about -10.5%, while gas has experienced about -14%, and Gold a modest 0.60%. The Volume Profile Visible Range Indicator notes that the current Most Traded Price or POC is $72.70 for Lcrude, $2.094 for gas and $2029.92 for Gold, highlighting the stability of Gold in this upward move compared to crude. In relation to the RSI divergence, all three assets show a neutral position, with a possible sideways for crude oil and gold. Gas appears undervalued currently given market conditions. Despite technical analysis is showing sell trend, if the right conditions are given a potential opportunity for buyers may arise. Although for that it is important to see the right oversold signals on the RSI, which at this time, have not yet occurred in any of the three assets. Ion Jauregui - AT Analyst The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.

OIL : A BULLISH POTENTIAL FOR THE BLACK GOLD?- The market has been trading inside a bearish wedge since the end of September 2023, registering lower highs and lows. The medium-term trend is therefore bearish. - In the shorter term, prices have registered a sharp rebound since their impact on their annual low around $68. This rebound led the market the upper limit of its wedge, below the 23.6% Fibonacci, above the two exponential moving averages at 21 and 34 periods. The RSI indicator has shown a clearing of its bearish trendline, a phenomenon that generally occurs in ahead of the market. - Although still in a downward trend, technical indicators tend to show that the buying appetite for black gold is only just beginning. A clearing of $74.15 (23.6% Fibonacci) would therefore open the way to a resumption of the bullish trend towards $78.00, $81.00 and even higher by extension. In the very short term, a pull-back towards the last support above $72.17 also remains a possibility. If this level does not hold, the entire bullish scenario previously mentioned could well be invalidated.

Light Crude Oil Spot

LCRUDE trade ideas