The Colombian peso is one of the most devalued currencies in all of Latin America, it is currently going down a bearish channel, looking for its minimum value due to its ATH in July 2022, only to become more bullish in 2023-2024, it is very good for us and very bad for the Colombian economy, massive layoffs are coming, high unemployment and the bankruptcy of...
Disconting the bad beguining for the colombian market caused for the present President of Colombia, I think in this moment de main company of the country, "Ecopetrol" $EC is supporting in the short term by tecnical and fundamental issues. Fundamental view is product of the great result of 2022 FY and its consecuen big dividend, around 30% at current price. By the...
It's all been said and done! Finish him! Latinamerica is going back to the 80s while the developed world heads to the moon. “They live different kinds of lives outside of the city” For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use...
Fears that Turkey’s Lira crisis will drag down the currencies of emerging markets, compounded by falling global oil prices, pushed the Colombian peso to trade at $3,050 to the U.S dollar on Wednesday, and level not seen since June 2017. There is a potential for a breakout above 3500cop into the 4k-5k range.
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia. This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
An ugly effect of new colombian government clearly reflects in this stock, trougth price comparison between TSX and BVC markets.
After its all-time high. 4,650 Colombian pesos the price started a correction, I think it could go down to 3,978 and wait for the behavior to go back to the price 4,650
As the dollar loses value (power purchasing), continues to devalue world currencies, the dollar vs. Colombian peso relationship corrects, only to become parabolic, by the end of August the 5000 COP x 1 USD will be reached, less political speeches and more economy. 🥱 All the Colombians that I sent to read about the economy were only offended, we will see how their...
The dollar will reach 5200 in September 2022, we are in a crisis of doubt, it seems that in Colombia nobody understood it, they chose 'Petro' who should have invested the reserves in hard assets such as Bitcoin, Silver and Gold, not selling them the speech to the poor about a change in the country, what is currently happening is due to the abuse of the Federal...
Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through Exploration and Production; Transportation and Logistics; refining, petrochemical and biofuel segments. It is engaged in the exploration, production and sale of oil and gas. It also transports and distributes hydrocarbons and by-products. An oil giant in Colombia that...
Colombia is a high-beta EM country running a twin-deficit. These exposures turned bullish in November when the dollar started falling more precipitously, and the global risk backdrop improved. Dollar weakness is good for commodity exporting EM's, who price commodities in dollars. Moreover, Colombia provides significant beta to Oil prices, which are evidently...
My outlook for upcoming days: *I don't wanna see price get below 3680s. ->If price drops aggresively below that level I will stay sideline and wait for more info. *Next short term bullish objective: 3800 big fig.
On fib 1.618 as main target. Because Oil is falling and another commdity currencies are exposed.
I opened my long in the red area made some profits and closed right as it went into de green. Do you think it will keep on keeping on or is it time to short?
This price circle that centers around 7090 price is a convergence of different cicles and could decide the next month and maybe year. Long Targets - 7409 - 7638 - 7979 Short Targets - 6885 - 6645 - 6362 Let me know what you think.
BTC likely to reverse on the BTC pair to .01715 by December 31st, and then further to a low of .01657. If if breaks this .01800 It might go really quick to .01912 Let me know what you think.
It seems we are in a confirmed wave 5, expect to see a retracement to the bottom of the cloud to then jump back to hit $3,600