The long-term trend in Oil is bearish.
Due to current short-term positive momentum, I expect the price to consolidate before breaking below various support levels.
Resistance is provided bt the 150 and 250 day moving averages, while support is provided by:
- previous inflection point at around $35 (weak)
- 0.5 Fibonacci lvl (solid)
- Previous low at roughly...
Hello!
Today I outline where I see the S&P 500 moving through the end of the year. It is almost impossible to trace the market exactly, but in general, I see the following things occurring through the end of 2020:
1.I believe we will fill the gap created when the market dropped in late February.
2.Then we will see the market move down and find support at the...
A clear rounding up will provide the momentum for gold to reach $1900 in the short to medium term.
Due to current Momentum, Gold will most likely test its previous high. Once $1900 is reached, gold will attempt to break above, but I believe resistance will cause it to consolidate or correct.
Ultimately, due to such a large scale printing job by the FED...
I see a bottom and a rounding up for Silver. This breakout could lead to prices in the 30-35 range.
A quick breakout can lead to some short-term corrections, but price momentum is positive, support is strong, and upside is large.
Hello!
Has the market recovery since 09' been caused by huge growth in fundamentals? or the printing of Trillions of dollars?
I wont say the answer, but here is an interesting correlation between the M1/M2 money supplies and the stock market.
Since 2009 the market has increased along with the money supply. We have also seen tech company valuations soar.
Now...
