Blafx, Hong Kong (2026)

11/08/2023

2023.08.11 BlaFX crude oil market analysis(3)

CL_BRENT, M15(Downtrend Market Structure formation LH, LL continue in Entry Time-frame Analysis Chart)

Big BEAR also extend it Downtrend Market Structure formation In Entry Time-frame Analysis Chart with it LH, LL formation so far and this make it difficult for the big BULL to reverse the trend for Uptrend market structure formation push again.
Big BEAR continue to dominate the market trend at the moment while forming and creating respective Imbalance Candles and Liquidity trap as it charge towards the last HL of D1 Chart. Big BULL pressure acting on it is not strong enough to overcome the current BEARISH trend. Downtrend Market Structure formation continue having commence yesterday after several days of BULLISH Uptrend Market Structure formation.
Downtrend Market Structure likely to end today’s market unless the current BULL pressure overcome it in other to reverse the market trend for BULLISH push again.

Trade Advice: Traders currently Selling the market should hold unto their respective Orders and always ensure to lock their respective Profits as the BEARISH push continue. Buying is not advisable at the moment unless Break of Structure (BOS) occur along the Entry Chart (M1-M15).

11/08/2023

2023.08.11 BlaFX crude oil market analysis(2)

CL_BRENT, H4( Downtrend Market Structure formation push also extend on H4 Time-frame Analysis Chart)

Big BEAR continue it dominance on Higher Time-frame Chart despite trading against the overall trend of the market which is Uptrend Market Structure. The BEARISH push having commence yesterday extend it dominance today as it push further down while filling the massive Imbalance Candles present and also capturing Liquidity trap on it ways towards that HL of the Higher Time-frame Analysis Chart.
No chance for BULLISH reversal at the moment as the current market trend is too strong for the big BULL to reverse and overcome. So unless the current trend momentum decrease or failed to break below the HL of the Higher Time-frame Chart, the big BULL will not have the chance to push the market up in other to extend it Uptrend Market Structure formation again.
The current trend of the market is being control by the big BEAR despite the overall trend of the market being Uptrend Market Structure.

11/08/2023

2023.08.11 BlaFX crude oil market analysis(1)

CL_BRENT, D1(BEAR RETEST back to the LL of D1 Time-frame Analysis Chart continue in Daily Chart)

Market commence today trade on Crude Oil with BEARISH push continuation again towards the last HL of D1 Time-frame Analysis Chart. Big BEAR having commence yesterday on D1 Chart further extend it dominance at the early hours of market opening today as it push the market further down while filling the respective Imbalance Candles and Liquidity trap present along it way.
Overall trend of the market remain Unchanged (UMS) while the current market trend on the Higher Time-frame Chart is fully dominated by the big BEAR that is on mission to RETEST the last HL present there having failed to break below the zone in it previous attempts.
Big BULL have no chance to reverse the current BEAR push at the moment because it pressure acting on the BEARISH push is not strong enough to halt the BEARISH push in other to commence and extend it Uptrend Market Structure formation.

11/08/2023

2023.08.11 BlaFX Gold Market News

Gold receives little love following the CPI figure, and copper is impacted by China’s anxieties

While copper prices were nursing severe losses for the week due to mounting concerns over top importer China, gold prices were stable at one-month lows on Friday as recent data presented somewhat conflicting clues on U.S. inflation.
Data released on Thursday revealed that consumer inflation in the United States increased steadily in July compared to the previous month, but it remained high compared to the Federal Reserve’s annual goal range and did not encourage much hope in the markets.
After the inflation reading, there was a lot of volatility in stocks and other risky assets, which led many investors to choose the dollar over gold as a safe haven.
The fact that the Fed will maintain its rate policy in September was not significantly diminished by Thursday’s inflation statistics. Markets, meanwhile, are expressing rising skepticism that the central bank would lower interest rates this year, creating a bleak prognosis for gold.
Dollar excels, sending gold into a third week of declines.
By 21:50 ET (01:50 GMT), spot gold increased 0.1% to $1,915.06 per ounce, while gold futures decreased 0.1% to $1,947.20 per ounce. In their third consecutive week of losses, both instruments were expected to lose more than 1% this week.
A rise In the dollar put pressure on gold prices and other commodity markets since a collapse in the bond market and unpredictability regarding interest rates encouraged dollar flows.
The dollar Increased this week and has recently outperformed gold as a safe haven due to rising expectations that U.S. interest rates will remain high for an extended period of time.
Given that they raise the opportunity cost of storing non-yielding assets, higher interest rates are not good for gold and other metals.
Despite minor advances on Thursday, other precious metals were still expected to end the week lower. Silver futures were expected to lose close to 4%, while platinum futures were down 1% for the week.
Copper holds steady but is expected to drop by around 3% weekly due to worries about China.
Copper prices among industrial metals increased marginally on Friday, although they were still suffering severe losses for the week due to growing indications of economic deterioration in China, a significant importer.
The price of copper In futures traded up 0.1% to $3.7605 per pound but fell 2.8% for the week.
The world’s top copper importer, China, saw little economic reprieve at the start of the third quarter, according to weak inflation and trade figures. Along with this, there were growing worries about the nation’s real estate industry due to information that numerous significant developers were having trouble repaying their debts.
Fears of a resumption of a trade war between the two countries increased in response to new U.S. limits on investments in China’s technology industry.

11/08/2023

2023.08.11 BlaFX Gold Market Analysis(3)

XAUUSD, M5 (Big BULL maintain it Uptrend push towards last LH of the Entry Time-frame Analysis Chart)

No reversal chance for the big BEAR at the moment on Entry Time-frame Analysis Chart as the big BULL maintain it Uptrend push towards the last LH there. Big BEAR having dominate and close yesterday market on XAUUSD failed to replicate it momentum and extend it push further down in the early hours of market opening today as the big BULL overcome it with BULLISH Engulfing Candlestick to commence today market trade on XAUUSD.
The BULLISH push is close to the last LH of the Entry Time-frame Analysis Chart at the moment and unless it break above the zone, the market trend on Entry Time-frame Analysis Chart will remain Downtrend Market Structure too.
Therefore, big BULL dominating today’s market will depend on if it can break above the LH of the Entry Time-frame Analysis Chart.

Trade Advice: Traders ready to trade against the overall trend of the market) Downtrend Market Structure) should wait for BOS In Entry Time-frame Analysis Chart. Also Traders currently holding unto respective SHORT Position Orders should not close yet unless BOS occur in the last LH of Entry Time-frame Analysis Chart. So it is advisable for Seller to adjust their SL to the last LH of Entry Chart.

11/08/2023

2023.08.11 BlaFX Gold Market Analysis(2)

XAUUSD, H4 (BULL RETEST mission back to the last LH continue on H4 Time-frame Analysis Chart)

BULL maintain it momentum at the early hours of market opening on XAUUSD in H4 Time-frame Analysis Chart too as it is currently reversing the BEARISH to form BULLISH Reversal Pin Bar Candle near the last LL H4 Chart. Big BEAR continue to mount pressure on the BULL push as it push the market up towards the last LH of the H4 Time-frame Analysis Chart which is at level $1925.60.
Unless the current BULLISH push towards the Higher Time-frame Chart break above the LH present there, the overall trend of the market will remain unchanged (DMS). Big BEAR have been in charge of the market trend on XAUUSD since the beginning of this week and it dominance likely to continue provided it overcome the current BULLISH push which is moving at low pace momentum towards the last LH of D1 Time-frame Analysis Chart.

11/08/2023

2023.08.11 BlaFX Gold Market Analysis(1)

XAUUSD, D1 (BULL commence today market near the last LL of D1 Time-frame Analysis Chart)

Market open for the final trading day of XAUUSD trading for this week with early BULLISH push near the last LL of D1 Time-frame Analysis Chart. The big BEAR having dominate the market and also close yesterday market with BEARISH Reversal Pin Bar Candle failed to maintain it momentum and continue it Downtrend Market Structure formation at the early hours of market opening today as the big BULL overcome the BEARISH push to commence Uptrend push.
Despite the overall trend of the market being Downtrend Market Structure, big BULL dominate the early market opening push on XAUUSD. BULL Uptrend push which is against that overall trend of the market continue it push towards the last LH of D1 Chart with the main purpose to RETEST the zone which ismyet to be tested for once (the zone is still fresh). BULL dominance likely to end soon unless it overcome the BEAR pressure acting on it that is ready to reverse the market trend again for BEARISH continuation push.

09/08/2023

2023.08.09 BlaFX Crude Oil Market News

Oil prices decline as worries about demand are fueled by negative China statistics.

Following negative trade and inflation figures, oil prices dipped in Wednesday’s Asian morning session as concerns over weak demand from top crude importer China outweighed worries about a tighter supply due to Saudi Arabia and Russia’s output curbs.
By 0320 GMT, Brent crude futures had dropped 15 cents, or 0.2%, to $86.02 per barrel. American West Texas Intermediate (WTI) crude fell 17 cents or 0.2% to $82.75 a barrel.
The day before, both contracts had a gain of about $1.
Due to ongoing worries over a slow rebound in China’s economy and gasoline demand, oil prices are finding it difficult to increase.
He said, anticipating WTI will trade in the $75 to $85 per barrel band later this month due to concerns over declining demand in the United States and Europe as a result of many interest rate hikes.
The longest winning run since December 2021 to January 2022 was achieved by both benchmarks last week, which was aided by a decrease in OPEC+ supply and expectations that stimulus measures would help China’s oil consumption rebound.
Chinese inflation data showed on Wednesday revealed that the consumer price index declined in July, marking the first year-over-year decrease since February 2021. This confirmed the economy’s shift into deflation as the pandemic’s recovery stalled down.
The poor trade report on Tuesday was followed by the inflation data, which revealed that China’s imports of crude oil decreased in July by 18.8% from the previous month to the lowest daily pace since January as major exporters reduced their international shipments and local stocks kept growing.
U.S. crude oil stocks increased by 4.1 million barrels last week, according to market sources quoting American Petroleum Institute data on Tuesday, which is yet another unfavorable development. That was a bigger build than anticipated, according to polling analysts.
Later on Wednesday, U.S. official stockpile data is expected.
The U.S. Energy Information Administration (EIA) also predicted that American crude oil output will increase by 850,000 barrels per day (bpd) to a record 12.76 million bpd in 2023, surpassing the previous top of 12.3 million bpd in 2019.
According to the EIA, since June, crude prices have been climbing, mostly as a result of Saudi Arabia’s continued production reduction and rising global demand.
Saudi Arabia, the largest exporter in the world, added this week that it could extend or deepen its voluntary output cut of 1 million bpd through the end of September. Russia also announced a 300,000 bpd reduction in oil exports for September.

09/08/2023

2023.08.09 BlaFX crude oil market analysis(3)

CL_BRENT, M5(BEARISH push currently ongoing on Entry Time-frame Analysis Chart but at low pace momentum)

Entry Time-frame Analysis Chart currently showing BEARISH push but at low pace momentum as the big BULL pressure keep setting in along it Downtrend Market Structure formation.
Big BEAR having push the market down before, failed to break below the last HL of the Entry Time-frame Analysis Chart the last time as the big BULL reverse and push the market up then. Currently, BULL is trailing the BEARISH push at the moment while the big BEAR dominate the current market trend on Crude Oil market trend
Market have no clear direction at the moment as it traded in consolidation push for now and waiting for breakout. BULLISH Breakout will push the massively up while BEARISH Breakout will push the market massively down to fill and capture respectively Imbalance Candles and Liquidity trap present on Higher Time-frame Analysis Chart.

Trade Advice: Conservative Traders ready to LONG the market should wait for the right opportunity when BOS occur before entering for another Uptrend push. Also Traders currently on the trade should ensure to track their respective SHORT Position Orders with reasonable BE in other to ensure profits is lock.

09/08/2023

2023.08.09 BlaFX crude oil market analysis(2)

CL_BRENT, H4(Massive BULLISH push currently ongoing on H4 Time-frame Analysis Chart)

Big BULL fully dominate the Higher Time-frame Chart so far while the big BEAR continue to trail it as it pressure is not strong enough to overcome the BULLISH pressure. Massive BULLISH push towards the last HH of D1 Time-frame Analysis Chart continue to create massive Imbalance Candles
With Imbalance Candles below the current market trend, unless BOS occur along it, the big BEAR will have no chance to reverse the trend for BEARISH push down. Overall trend of the market remain unchanged Uptrend Market Structure while also the current trend all remain UMS and this thereby ensure the big BULL dominance continue on H4 Chart too
BEAR reversal likely to push the market up in other to fill the massive Imbalance Candles created by the current BULLISH push.

09/08/2023

2023.08.09 BlaFX crude oil market analysis(1)

CL_BRENT, D(Uptrend Market Structure formation continue having fill the Imbalance Candles close to the last HL of D1 Chart)

Market open today with BULLISH push candle which is a continuation of Uptrend Market Structure formation again. Market having close with massive BULLISH Reversal Pin Bar Candle, maintain it momentum as it commence another push at the early hour of market opening today.
Big BEAR currently trailing the BULLISH Candlestick formation which is about to commence today market opening again. Big BEAR pressure currently ton the BULLISH formation candlesticks and provided it overcome and reverse the BULLISH formation candlestick to commence BEARISH candlestick, the market will push down massively as respective yet to be fill Imbalance Candles and Liquidity trap on various zone is present below the current market price level.
BEAR is finding it difficult to dominate the market as the big BULL momentum keep getting stronger on each daily push on XAUUSD D1 Time-frame Analysis Chart at the present moment.

09/08/2023

2023.08.09 BlaFX Gold Market News

Gold recovers from a month-low as the US currency and rates decline

A day before the release of U.S. consumer price data that may support or contradict more interest rate increases, the dollar and bond yields declined, which helped gold prices recover from one-month lows reached in the previous session.
Spot gold increased 0.3% to $1,929.99 per ounce by 03:45 GMT after falling to $1,922 on Tuesday, its lowest level since July 10. At $1,963.80, U.S. gold futures were up 0.2%.
“We believe the market will need to see increased certainty on 2024 U.S. rate cuts,” said commodity strategist Baden Moore. “For a sustained recovery (in gold),” he added.
“We continue to be cautious on the outlook here as Fed rate-cut expectations continue to face risks of deferral or reduction,” Moore said, noting that major market indicators in focus alongside Chinese stimulus included U.S. CPI, initial jobless claims, and ISM data.
According to data, China experienced deflation in consumer prices in July as the second-largest economy in the world battled to boost demand and public pressure rose on the government to provide more immediate stimulus.
Following the downgrading of major U.S. lenders by rating agency Moody’s, increased concerns about the health of the world’s largest economy helped to support gold, which is typically considered as a hedge against economic risks.
Longer-dated U.S. Treasury yields decreased as a result, increasing the appeal of bullion with no interest bearing. The dollar index was down 0.1% from Tuesday’s high. [US/] [USD/]
Thomas Barkin, president of the Richmond Fed, said on Tuesday that the Federal Reserve still has time to review evidence before determining whether or not to raise rates again.
According to Philadelphia Fed President Patrick Harker, barring any significant changes in the direction of recent economic statistics, the U.S. central bank may be in a position where it can keep interest rates where they are.
Spot platinum increased by 0.6% to $905.45 while spot silver increased by 0.6% to $22.90 an ounce. To $1,231.95, palladium rose 1%.

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