Cuddles1997-1999

Cuddles1997-1999

k

Cuddles1997-1999

Large crude builds + large increase in production numbers. Dollar rally likely to hurt exports. Waiting for neckline on triple top to break, then target bottom side of a similar sized trading range 2$ ish.

Cuddles1997-1999

The last two dips like this had a two month down gap followed by a monthly bar closing around the previous high. Looking for more or less of the same here. Decent support held at 200dma.

Cuddles1997-1999

Short.

Cuddles1997-1999

The last time the US tried to have a trade war was back in 2002 where the dollar fell dramatically. Late stage economic cycles are characterized by rampant inflation of industrial inputs and also gold as a hedge against inflation. My target of around 3700 in the next few years seems insane. Yet, when compared to the last time this same political situation was...

Cuddles1997-1999 Updated 

Rather overbought on a short squeeze/breakout run from the previous few weeks of sideways. Pretty gnarly 4hourly candle that closed 50% below the high and a bearish engulfing on the 30min. Quickly sold off from 64. Could see a dollar to the downside of the daily pit close of 63.55 - around 50ma .5 fib retracement. At the extreme end of things I could see a...

Cuddles1997-1999 Updated 

Theres a double tap on the upper trend-line and a fed meeting in a few days and the end of the cl contract month. Looking to re enter long possibly at the .62 fib retracement. Stop above trend break.

Cuddles1997-1999

Descending right triangle continuation pattern. Looking for .62 retrace. FOMC coming up

Cuddles1997-1999 Updated 

It looks like a triple bottom. Oil tends to trade in $5.00 ranges so after the last support of 60, I assume 65. Sorry no advanced mumbo jumbo RSI pentagram neil gartman virgin sacrifice.

Cuddles1997-1999 Updated 

Dollar index is still being murdered, but today's daily candle may be a sign that it will pause before FOMC. The dollar will continue to fall, and OPEC has stated that the oil market will be "rebalanced" by Q4 this year. The current Fibonacci extension of 1.618 (the general final target ratio) is $90, so while many consider $100 oil to be the norm, that may come...

Cuddles1997-1999

Low of the December monthly contract is the first white arrow/support line Low of the Novermber monthly contract is the second white arrow. EIA is likely quite bearish, wouldn't be surprised if after tapping that previous monthly low that it retests this 58.45 support area. Basically what this would look like is, new low created by EIA, retracement 1$ upwards,...

Cuddles1997-1999 Updated 

The fib 1.618 extension happened jan 1. Japanese growrth has been a major issue for some time, partly due to their populations age distribution. This may be why USD.JPY has been holding up so well given the context of the dollar index in general. Funds will flee these markets and buy into US markets, thus sparking the return from EUR.USD 1.4 peak and so on....

Cuddles1997-1999

If the daily can close above the .318 retracement of this last bull cycle then it would be reasonable to assume it will test the upside again around 1367 and since the last high broke the previous cycle high, I assume this will break away from this few year long sideways range. However, if today cannot convincingly close above that level, 1300 is the next guess,...

Cuddles1997-1999 Updated 

This is the beginning of the phase where people should be afraid of holding bitcoin, even if they believe in the technology. Anything below 2200 could signal a total breakdown of the structure 1k easily, 400 possible, or less for the reason that follows. Of course mining difficulty could decrease, but it just became 11% harder and will not downgrade for over 2500...

Cuddles1997-1999

I was trying to find out what sort of slope velocity gold had in relation to the s&p... did it follow with a lag, or trade inversely? There isn't a great relationship that I've found for determining if people will buy gold during dips, or when they will do it during that type of movement. I did see gold acting as a lagging asset following market value increases,...

Cuddles1997-1999

The distance of the last two significant dips taken from the previous high a week or two ago would measure out at 2600. Halfway there already. That would mean a 30% ish retrace from the start of the bull cycle that started on the last election.

Cuddles1997-1999

I believe the dollar will continue to fall, but will not fulfill the final fib extension trend at 1.43 and simply make a double top at 1.4. This rally in the Euro is in the short term due to speculation based on increasing US debt and geopolitical uncertainty created by Trump- perhaps even a cross continental superficial bias towards the latter. I believe in the...

Cuddles1997-1999 Updated 

I typically look at 10:00 EST for weekly direction as that is when the genscape crude inventories estimate comes out. That point is the green arrow and the market took a tumble after that, so I assume there will be a large crude draw, seeing as genscape is much more reliable than API data. Looking at a slightly lower low to confirm bear move tomorrow, around...