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The Price / Volume Relationship
By
Spydertrader, in Technical Analysis
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By Stocks4life · Posted
LH Labcorp stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?LH -
By HFblogNews · Posted
Date: 04th March 2025. Tariffs and OPEC+ Drive Oil Prices Lower. Crude Oil prices fell 0.70% on Tuesday declining closer to the asset’s main support level. OPEC’s latest announcement has been one of the main drivers of lower prices. OPEC, which produces 40% of the world’s Crude Oil, surprisingly has increased oil production. However, other economic factors are also triggering a lower demand. OPEC Increases Supply Pressuring Prices OPEC+ confirms it will increase production and market output in 2025 despite prices declining for six consecutive weeks. The move from OPEC is primarily driven by pressure from the US administration to not purposely look to lower production in order to keep prices high. OPEC+ will boost oil production by 138,000 barrels per day starting in April, causing crude prices to drop. The move has become possible with Russia expecting the Ukraine-Russia conflict to end in 2025 and the US’s more favourable approach towards Russia and Saudi Arabia. This marks the first of several monthly increases, aiming to restore 2.2 million barrels per day by 2026 after a two-year pause. The higher output will increase supply and can significantly change the balance between supply and demand. As a result, Crude Oil prices have fallen, particularly as economic data globally has taken a hit over the past month. Over the past six weeks, Crude Oil prices have fallen by more than 10%. However, the move by OPEC is related solely to the supply within the market. Simultaneously, trade wars are also worrying traders about how demand may change in the upcoming months. US Turn Up The Heat on Trade Wars The US tariffs on Mexico and Canada are now officially active, taking the level of tariffs to its highest level since the 1980s. President Trump has also advised the US to add a further 10% tariff on China in addition to the 10% announced in January. As a result, experts believe the global economy is likely to witness shockwaves in the short to medium term. This can also be seen in the stock market which has fallen 5% over the past 3 weeks. The economic slowdown is catching up with rising inflation and tariffs which are put into place. Uncertainty over the Federal Reserve’s next moves is growing with some economists advising the Fed may be pressured into taking earlier. In response to the additional tariffs, China is vowing to take countermeasures to protect its producers. Warren Buffett called the tariffs an extra tax on people with little economic benefit. Weaker economic activity and a lower risk appetite within the market are known to pressure prices significantly. During the previous Trump administration and ‘trade tariff policy’ the price of Crude oil fell 13%. Crude Oil - Technical Analysis The price of Crude Oil in the longer term is obtaining indication the price may decline. On a monthly chart, the price forms a clear descending triangle which is known to hold a bearish bias. On the 2-hour chart, the price is also trading below the 75-bar Exponential Moving Average, below the VWAP and below the neutral areas of most oscillators. For this reason, momentum is indicating downward price movement. However, the main concern for bearish traders is the support level which is sitting at $66.70 per barrel. The support level is currently 1.50% points away from the current price. In order for sell signals to materialise in the short term, traders will be monitoring if the price can break below $67.69. Key Takeaway Points: OPEC+ plans to boost production in 2025, aiming to restore 2.2 million barrels per day by 2026, pushing crude prices lower. The US imposes record-high tariffs on Mexico, Canada, and China, raising concerns about global economic stability and market declines. Crude Oil prices decline as a result. Rising tariffs and inflation add uncertainty, with economists speculating the Fed may act sooner than expected. Technical analysis shows a bearish trend, but the price of Crude Oil is also nearing the key support levels at $66.70 per barrel. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By Stocks4life · Posted
NET Cloudflare stock watch: After a pullback, it is holding at 144.69 support area with high trade quality at https://stockconsultant.com/?NET -
By Stocks4life · Posted
CCL Carnival stock watch, pullback to 23.94 triple support area with bullish indicators at https://stockconsultant.com/?CCL -
By Stocks4life · Posted
KD Kyndryl stock watch, pullback to 38.37 triple support area with bullish indicators at https://stockconsultant.com/?KD
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