ONTRADE Forex
30/03/2025
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Dow Jones

Chillin’ with the Dow Jones (DJIA) Tech & Basics Breakdown 26-3-

abd.shepherd03 mins

The Dow Jones Industrial Average (DJIA) is at a critical inflection point today, caught between bullish economic data and hawkish Federal Reserve signals. As one of the world’s most-watched equity benchmarks, its movements reflect: 1️⃣ Macro Forces: Today’s surge in U.S. durable goods orders (+3.1% vs. -1% forecast) underscores resilient industrial demand.2️⃣ Technical Tensions: Price hovers near resistance at 42,768 (R1) while RSI flirts with overbought territory.3️⃣ Liquidity Crosscurrents: Conflicting cues from Fed speakers and oil inventory builds add layers of complexity. Support Levels For Dow Jones : Resistance Levels For Dow Jones : Key Observation: “DJIA is currently testing R1 (42,768). A confirmed breakout could trigger a rally toward R2 (43,000), while rejection may push prices to S1 (42,356).” 📉 Today’s Economic Catalysts Event Actual Forecast Impact on DJIA U.S. Durable Goods (MoM) +3.1% ▲ -1.0% Bullish (Strong demand) Durable Goods ex-Transport 0.0% 0.2% Neutral EIA Crude Oil Stocks +1.745M +1.5M Mild Bearish (Demand concerns) Fed’s Kashkari Speech Hawkish Tone – Bearish Pressure Immediate Market Reaction: 📊 Technical Indicators Key Trend Conflict: “Strong fundamentals (durable goods) support upside, but technicals suggest short-term overextension. Watch for consolidation.” 🔴⚪🔵 Trading Scenarios 1) Bullish Breakout (30% Probability) 2) Bearish Rejection (50% Probability) 3) Sideways Consolidation (20% Probability) 🎯 Strategic Takeaways Fed Watch: Monitor Musalem’s speech (17:10 EST) for rate clues. Intraday Traders: Sell rallies near 42,768 (R1) with tight stops above 42,800. Swing Traders: Wait for clear breakout/breakdown with volume confirmation. 📢 Let us know your thoughts Contact US.

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Oil icon

Crude Oil Digital Analysis | Exclusive Market Outlook | March 18, 2025

abd.shepherd06 mins

Introduction: Oil Between Technical and Digital Analysis Crude oil (USOUSD) remains a key asset in global markets, influenced by a mix of supply-demand factors, macroeconomic indicators, and technical analysis. Digital price models provide deeper insights into market trends and potential price movements. Today’s analysis will cover:✅ Key support and resistance levels for crude oil.✅ The impact of economic events on oil prices.✅ Technical indicators shaping market trends.✅ Potential trading scenarios based on current conditions. Key Support & Resistance Levels for Crude Oil Oil is currently trading at $68.518, testing a key resistance zone. A breakout or rejection at this level could determine the next major move. Support Levels: Level Price (USD) S1 67.770 S2 66.630 S3 65.490 Resistance Levels: Level Price (USD) R1 68.910 R2 69.240 Economic News and Its Impact on Oil Prices Several key macroeconomic reports released today could influence crude oil demand and price movements. 1️⃣ US Industrial & Housing Data Impact on Oil: 2️⃣ API Crude Oil Stock Report Impact on Oil: Technical Indicators to Watch for Oil Potential Oil Trading Scenarios for Today 🔼 Bullish Scenario: Breakout Towards $69.240+ If crude oil sustains momentum above $68.910, a breakout could push prices toward $69.240. 📌 Key Conditions for This Scenario:✅ Price holds above $68.910.✅ Demand increases due to strong industrial production.✅ Market sentiment remains bullish. 🎯 Target Levels: Supporting Factors: 🔽 Bearish Scenario: Pullback Towards $66.630 If oil fails to break $68.910, a rejection could lead to a pullback toward $67.770 – $66.630. 📌 Key Conditions for This Scenario:✅ Price struggles to stay above $68.910.✅ Higher-than-expected oil inventories increase selling pressure.✅ Weak housing market data raises economic concerns. 🎯 Target Levels: Supporting Factors: Crude Oil Pivot Points for March 18, 2025 Level Price (USD) Pivot Point 68.500 Bullish Breakout Above 68.910 Bearish Breakdown Below 67.770 The pivot point at $68.500 will be crucial in determining the short-term trend. A move above favors bullish momentum, while a drop below it could trigger further downside pressure. Final Thoughts: What’s Next for Oil? Crude oil prices are at a key decision point, influenced by economic data, technical trends, and market sentiment. 📌 Key Takeaways for Traders:✅ Watch $68.500 pivot level for directional confirmation.✅ Monitor crude oil inventory reports for supply-demand signals.✅ Align trading strategies with macro and technical trends to optimize risk management. Oil’s price action will depend on whether it sustains bullish momentum or faces resistance at key levels. Traders should stay flexible and adjust strategies based on market developments. 📢 Stay updated for further insights Contact US. 🔗 Check Also:

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