Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

LakotaTodd

How the Date Ties into Price.

Recommended Posts

I have been shown that the date is recurring throughout price action all day everyday and in all markets.

For example there is a 4 digit date and a two digit date.

It is painfully obvious in markets such as the es but harder to see in the YM. The YM has to be treated like an odometer in a car. The actual price will exclude the last digit on the right.

This is also true in the currencies and the dax. For example if the date is the 27th which it will be on Monday then the following #'s would act as support and/or resistance depending upon price movement.:

 

ES: 1242, 1251,1260 and 1269

Price 1251 is 27 added up as 15+12; 1242 is 24+2+1=27; 1269=12+6+9=27

 

YM for monday will be 11520 and 11430; The sum of these #'s equal 27 but remember it is without the last digit to the right. These numbers change everyday with the date. I hope this helps someone in their trading.

 

If you want to know the two digit date it is less complicated. Of course for Monday is 27.

Then it will be all #'s that equal 9; 27 (2+7=9)

36, 45, 54, 63 and so on. There is a ton more but hopefully this will help someone.

Share this post


Link to post
Share on other sites

Hi.

 

OK, let's see if I understood you.

 

We add to the current trading day the number 9 to give us the S/R for that day.

 

Let's imagine the following dates for ES:

 

-> 6th = 6 + 9 = 15...

... 1239, 1248, 1257, 1266, 1275...

 

-> 13th = 1 + 3 = 4 + 9 = 13...

... 1237, 1246, 1255, 1264, 1273...

 

... and so forth...

 

Is this correct?

 

Regards.

Share this post


Link to post
Share on other sites

That is exactly correct. You have it figured out. Now that is the 4 digit date.

You will use your example for the dates of the 6th, 15th and 24th of each month.

Your other example of 13 is correct and will be used on the 4th, 13th, 22nd and 31st of

each month

 

You will also discover that 3-12-21 and 30 is the most powerful and that all markets will use these as highs, lows or retraces every day and not just on that corresponding day of the month. For example 1209, 1218, 1227 and so on.

 

Monday is the 27th so you should also mark your two digit date #.

These will be the last two digits so you would mark for example on the es

1209, 1218, 1227, 1236, 1245, 1254, 1263, 1272, 1281, 1290, 1299

and see how the market reacts around these #'s

 

I usually mark the 4 digit date on markets with a colored line and then the two digit as another color.

 

Let me know how you see it on Monday. As I said works on all markets.

All Market profile is are these #'s. Especially 21 #'s but if everyone knew that no one would pay for the stuff everyone is selling.

Share this post


Link to post
Share on other sites

I posted all support and resistance prices on my blog I just created under LakotaTodd

I have never blogged before but it should work.

Anyway I will post these each day and you can see how the mkt responds to them.

The nice thing is you have these #'s way in advance and not some yahoo trying to sell you something telling you after the fact that it was support or resistance.

 

Examples so far at 1:45 am Monday morning in Texas:

Low sunday night on es 1145=2 digit date. Remember goes in 9's 18,27, 36, 45, 54

and all those numbers equal 9; High Monday morning so far 1251 is the 4 digit date

12+15=27; So if we go lower next 4 digit date is 1242 and then 1233 (remember 9's)

 

TF: Low sunday night 783 is the 4 digit date; High is 786 which equals 21

 

YM low sunday night 11455; Remember currencies, dax and ym are like odometers. You have to take off the far right # so 1145; and 45 is the two digit date.

 

Cool Stuff and once you see it then it is an "A HA" moment

Share this post


Link to post
Share on other sites

Please see attached image.

Is this correct?

 

If so, what about lowering the steps? Instead of 9, what about 4.5?

Not all days are high range days, and lowering the steps would make us more aware of intermediate price zones.

ES_9s.thumb.png.4f8aa4a2210c3f2b5a093d72928eaac2.png

Share this post


Link to post
Share on other sites

If that was a chart for the 21st of December some of the lines are not correct.

I have not thought about going to 4.5. I dont know if it would work only because I did not make this stuff up. It is Time and Price as Gann said. "When time and Price come together change is inevitable" Time being the date for me. And as far as I have seen it goes in 9's. The 21st on the es would be as follows for 2 digit: And you would use this information not only on the 21st but on the 3rd, 12, 21 and 30th of each month.

 

3, 12, 21, 30, 39, 48, 57, 66, 75, 84, 93

 

So each # added together equals a # in this segment. For example 12(1+2=3)

Your price action on the 21st according to your es chart would have possible reversal points at 1254 and 1245 because added together they equal 21. This is considered your 4 digit date because the sum of the 4 #'s equal your date. Also 12+54=66

12+45=57 those are all #'s in the two digit date.

 

The market found support or resistance according to your chart on both of those #'s.

The two digit date in that range would have been 1257, 1248, 1266

Share this post


Link to post
Share on other sites

I just pulled up a chart on the euro and marked my lines.

Everything looks great but remember your 4 digit dates will always be 9 away from your next 4 digit date. And your 2 digit date will always be 9 away from the next two digit date.

 

Also 21 as I said is the most powerful and I leave these up on my charts everyday no matter what the date is. So on the euro today and everyday 1317 is a 21#. That is the current high (1.3168) 1+3=4+17=21.

 

The two digit date is 1318; Lower would be 1309 and higher would be 1327

 

The 4 digit date is 1314 which is the retrace right now.

The next 4 digit will be 9 away 1305 or 1323

 

The next 21 line lower is 1308 or higher being 1326

Share this post


Link to post
Share on other sites

Now you've lost me :confused:

 

You said that 2 digit for the 21st is:

 

3, 12, 21, 30, 39, 48, 57, 66, 75, 84, 93

 

But I do have those on my chart for the 21st:

 

1239, and 1248 (yellow lines)

 

I don't have the 1257 because the market didn't even touched the 1254 price.

 

OK, see EUR image for the 21st.

 

By the way, how do you measure Crude Oil?

 

When I mentioned lowering the step to 4.5 I wasn't making up a number.

4.5 is half of 9.

According to what some "Gann specialists" say, Gann never waited more than 45 minutes for a trade to be confirmed. If after 45 minutes the trade hasn't gone anywhere he would be out of it.

6E_9s1.thumb.png.7e912159afb5d06064bab6d8399771b0.png

Share this post


Link to post
Share on other sites

Sorry I said some of your lines are incorrect. Not all of them. The ones that were incorrect on the ES for the 21st:

2 digit line at 1241 is incorrect

you have 1245 labeled as 2 digit but it is actually 4 digit

You also had 1246 and 1247 marked and they are not 2 or 4 digit dates.

 

This euro chart you have attached for the 21st is exactly right.

Share this post


Link to post
Share on other sites

Crude is like the ym and currencies. Remove the right digit for clarification.

So 2 digit is 18 (9, 18, 27 and so on)

So the high was two digit date. 918

Also the next ones below or above will be 927 or 909 for the date/price.

 

Always leave 21 lines on chart. that will be 912 for crude, 921 and 903.

 

Now you have come to something interesting. You have no 4 digit date because there is not 4 digits. Just like the russell or TF you have 3 digit dates that work. but when your price starts with 9 then two digit and 3 digit are the same. Hope that is not to confusing.

 

I dont know about 45 minutes for trading. I also know that Gann never revealed his secrets. Although he talked about square of 9's and this may or may not be it but all of the other gann wheels and square of 9 calculators that i saw were only intended to separate you from your money. They never worked. This works everyday. And it is Free.

Share this post


Link to post
Share on other sites

OK, let's see if the Crude chart is correct.

The 2 digit some how confused me a bit on Crude and higher or lower than $90.

 

 

I think you've wrongly read December's 21st on the ES chart.

ES_9s1.thumb.png.2e921256dd060fc0e3f5ac0fc6bd81fc.png

CL_9s.thumb.png.1496d974674d5980f82f52c3304ed9c2.png

Share this post


Link to post
Share on other sites

Yes I did not realize you had the days separated as you showed on crude. I thought it was a 2 minute chart consisting of 1 day.

 

On the crude I am looking at a 2-11 contract because that is where all the volume was shown on barchart.com

 

91.80 is the 3 digit date/price

9+18=27; The far right digit is irrelevant.

90.90 is the next 3 digit down (it is 9 down from 918)

then 90.00 is the next 3/2 digit date down.

 

As I said something I always leave marked is the 21 lines.

So on crude it is 91.2 (9+12=21)

then 90.3; That decimal will throw you. think of it as 903, 912, 921 and so on

Share this post


Link to post
Share on other sites

Can you give me an example for Crude below $90

I'm having difficulty in understanding the 2 digit when prices trade below $90.

 

Thanks for all your knowledge.

These numbers mixed with a couple of others, the open range, pivots, and overnight range produce very interesting trading areas that can be exploited for simple trading setups.

Share this post


Link to post
Share on other sites

On crude for todays date 2 digit below 90 would be:

899

890

881 keep going taking 9 off each time eventually you will hit 827 with

27 being todays two digit date obviously.

 

3 digit is close to two digit below 90

900

891 (18+9=27; oe 19+8=27, also all the 3 digit dates equal 18

882

873

keep taking 9 off to get your 3 digit date support and resist lines.

 

Tomorrow the lines will only change by a point; on crude two digit date will be

801, 810, 819, 8(28), 837, 846, 855, 864, 873, 882, 891

 

Tomorrow 3 digit will be 901, 892, 883

 

Emphasis always being that 21 #'s are always relevant and that is where crude is now 912

below that is 903, 894, 885 and keep subtracting 9

Share this post


Link to post
Share on other sites

I don't think you've mentioned how to deal with the 28th and the 29th since 2+8 =10 and 2+9=11. :confused:

 

Confirm if for GBPUSD we have 2 digit at 1.536 and 1.545, and 4 digit at 1.539 and 1.548.

Share this post


Link to post
Share on other sites

Yes you have the right #'s for the BP and that was awesome on the two digit.

I just pulled the chart up and saw it.

The #'s for the 28th I mentioned in the post above with crude. Just take the 8 off the front.

The 2 digit #'s for the 28th will also be used on the 1st, 10th and 19th of the month.

They are as follows:

1, 10, 19, 28, 37, 46, 55, 64, 73, 82, 91

 

Then for the 29th

2,11,20,29,38,47,56,65,74,83 and 92

Share this post


Link to post
Share on other sites

I just posted to my blog LakotaTodd all the two digit prices for tomorrow as well as the 4 digit pricing for some of the markets. If there is a mkt. that someone needs help with just let me know and I will pull it up.

Share this post


Link to post
Share on other sites

Yes the date will work on stock prices as well as the 21#'s

Such as 71.4, 72.3, 73.2 and so on. Those are constants. Obviously the date would change daily. Again the last digit on the right would be omitted to show the price with clarity.

Share this post


Link to post
Share on other sites

I have always been confused on the pricing on notes because I receive two different readings. I have never traded them. What I can see is that the first 5 digits from left to right are the digits with the most relevance.

Meaning that the high of 12037 is the 2 digit date.

If you look at my blog then you know that the #'s go in 9's

and that it is 19, 28, 37 and so on.

12000 is a permanent 21 # and the next one up is 12090

and down from that would be 11910 which is what s1 appears to be

 

For the next 2 digit date (that moves in 9's) down appears to be 11928

and then the 4 digit date appears to be 11926

 

I am going to keep the chart up and watch, hope that helps some. Again they are harder for me to see at the current time.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Ninjatrader_Staff
      Trade Nano Bitcoin Futures & Get $100



      New Nano Bitcoin Futures allow traders to easily go long or short Bitcoin with commission-free trading, $25 margins & $0 market data fees. For a limited time, you can earn a $100 cash bonus* when you trade this contract from Coinbase Derivatives. Simply trade 100+ Nano Bitcoin contracts prior to August 31st, 2022 & $100 cash will be credited to your account. It’s that easy.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts

      Significantly less capital required to trade
      Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin
      Easily trade both directions by simply buying or selling contracts based on your market view
      Protect your assets in a regulated environment
      Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind

      Gain exposure to crypto without owning crypto
      Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.


      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      _______________________________________________________________
      *Program Requirements:

      Available for both new and funded individual NinjaTrader accounts. Trade 100 or more Nano Bitcoin contracts (50 round turns) prior to August 31st, 2022 to earn a $100 cash rebate. The cash bonus will be distributed as a $100 credit to each qualifying individual account in September 2022 Credits may be subject to US withholding taxes & any associated taxes are the customer’s responsibility. IRA and professional accounts are not eligible for this offer. Program requirements subject to change.

      RISK DISCLOSURE: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Nano Bitcoin futures are crypto futures priced right for all traders with $25 day trading margins, no market data fees and commission-free trading!
      Sized at just 1/100th of a Bitcoin, Nano Bitcoin futures from Coinbase Derivatives allow traders to navigate volatile markets with a contract size that fits any portfolio. Open your NinjaTrader account today & easily go long or short to hedge against Bitcoin price moves in a regulated marketplace.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts
      Significantly less capital required to trade Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin Easily trade both directions by simply buying or selling contracts based on your market view Protect your assets in a regulated environment Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind Gain exposure to crypto without owning crypto Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.
      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Save on a Lifetime License!
      Open a new NinjaTrader Brokerage account by June 30th and save $100 on a new Lifetime license at a discounted price of only $999.
      OPEN ACCOUNT
      Along with access to the most powerful version of NinjaTrader, you will save even more with deep discount commissions at $.09 per Micro futures contract & only $50 margins.
      Your Lifetime license includes ALL of NinjaTrader’s premium features:
      Award-winning order entry options including Chart Trader & OCO orders
      Order Flow + tool set featuring the Volume Profile Indicator – NinjaTrader’s most powerful indicator to date
      ATM Strategies, advanced Alerting system, auto-close positions for additional risk management and more
      PLUS all future NinjaTrader platform enhancements are included at no additional charge – for life!
      Simply fund your account to lock in your savings. Once you have funded your new account, you will receive a discounted purchase link by email.
       
      Questions?
      Contact us at 312.262.1289 or brokeragesales@ninjatrader.com.
      *Platform License Discount Requirements:
      Account must be opened & funded in June 2022
      Discount is applicable to software purchase only
      2nd accounts for current NinjaTrader Brokerage account owners not eligible for platform discounts
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By TopAlgo
      Youtube, NT8 Auto Spreader
       
    • By Ninjatrader_Staff
      Open a new futures brokerage account by February 28th with a NinjaTrader Lifetime license & receive:
      Commission-Free Micro trading in March $50 margins on Micros Access to the most powerful version of NinjaTrader Free platform upgrades for life!
      Simply open & fund your new account in February & purchase a Lifetime license. You will then receive a rebate for commissions on all Micro futures trades placed from March 1st – March 31st.*
      Open Futures Account
      A NinjaTrader Lifetime license provide access to all premium features including Chart Trader, OCO orders, Order Flow +, and more.
      * Program Requirements:
      Account must be funded by February 28th, 2022 with $400 minimum A new NinjaTrader Lifetime license ($1099) must be purchased by February 28th, 2022 Standard exchange, NFA and routing fees still apply A commission rebate will be applied to the account holder’s balance for all March Micro trades 2nd accounts for current NinjaTrader Brokerage account owners not eligible for rebates
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   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.   Andria Pichidi 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.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.