|

Crude Oil is turning the corner, readying to rise again

S&P 500 was due for a little setback, but this one took 5 hrs and break of 4,492 support to play out – only the Monday top of 4,482 support did hold, just in time with the FOMC minutes game plan laid out for premium subscribers yesterday. Good enough to take that long opportunity – solidly in the black now – and today‘s CPI game plan is in place too – especially relevant since PPI yesterday did come in hot. The kneejerk decline reaction would present opportunities to thoughtfully add to one‘s longs (medium-term view)   Let‘s dive into the charts and more upcoming real-time commentary on Telegram and Twitter.

Let‘s move right into the charts – today‘s full scale article contains 4 of them.

Sectors and stocks

AMZN

Consumer is not folding, and even if excess corona savings are gone, household balance sheets, debt levels and serviceability are good. I still like discretionaries, especially with the current retreat in yields as of the NFPs Friday. AMZN remains another of my medium-term bullish picks.

Crude Oil

Oil

Crude oil is turning the corner, readying to rise again. Higher low will now be put in place, and yesterday mentioned $84 is to serve as support in worst case scenario today. Outllok though is rather bullish.

Author

Monica Kingsley

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

More from Monica Kingsley
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD retreats toward 1.1700 on modest USD recovery

EUR/USD stays under mild bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes near 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades marginally lower on the day at around 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold advances toward $4,400 and gains more than 1.5% on the day after suffering heavy losses amid profit-taking heading into the end of the year. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).