PetrBorosh

PetrBorosh

- the sentiment now is rather gloomy, but do you think this may come true???

PetrBorosh

- Business sentiment still weak, but first signals of recovery appearing - Investors sentiment rather gloomy, however no more rate hikes expected - All major indices in downtrend and all at important support levels (except HK50) - DAX at Bullish BUT D-Point and at FR 0.382. If support cluster is broken, next one goes down to 14250 and next to 13640

PetrBorosh Updated 

- most likely no more FED hikes - provided the investors digested the black swans - somehow - USDCAD is getting to Gartley D-Point at 1.374 - in W1 price is at FR 0.618 starting on Mar 16 '20 ending on May 31 '21 - if the level is respected, price can contract down to 1.32

PetrBorosh

- German economy is not in a perfect condition, but markets may neglect the fact (as usually) - Price is contracting, filling the downward wedge (gray lines). The lines cross exactly on the level of FR 0.381 (14'702) - Now, the price is completing the ABC 1:1 correction pattern (at 14975) which seems to be respected. - If ABS is broken down, the next very...

PetrBorosh

- Gold rallied after the war in Gaza started, which is usual reaction, - Markets have the Golden Fish type of memory, so it will forget the above instantly - Price fgets to the resistance at $1959, which is respected, may become a right shoulder of the HAS pattern - Potential aggressive SHORT entry, if supply appears - target $1810

PetrBorosh

- Yen at key resistance @ 150 - Most likely no more FED hikes - Multiyear Butterfly D-Point

PetrBorosh

- Double top at 27.56 - Support at 26.64 broken and confirmed - Next support @ 25.214 - Target @ 22.23

PetrBorosh

- Wheat trades below the average price - War in Ukraine doesn't help, though both sides sell at discounted prices - Some bulls seem to wander around - If price breaks up through 581, most likely we will see return to growth.

PetrBorosh

- if the price rebounds from 15250, it will probably end the correction. - the next resistance at 15750 - if broken, most likely ATH

PetrBorosh

- if price breaks down thru 3.59, the way down to 3.40 will be opened - at this level Gartley D-point sits aligned with Fib Ext 0.5 - a bit lower, at 3.30 there is support created by top from June 2018 - if the overall situation in China improves and demand for copper may grow, this cluster could be a good entry point for LONG. Till then SHORT

PetrBorosh Updated 

Price geo to technical resistance cluster: - 1:1 of the uptrend impulse from 16/03/2020 to 29/12/2020 - 1:1 of the uptrend impulse from 06/03/2023 to today - FR 0.618 of the dontrend impulse starting 29/12/2020 to 22 Sep 2022

PetrBorosh

- price at top limit of the overbalance level previously respected on Apr 16th 2018, May 24 2021. - previous time there was double top in W1 - if respected price may fall even to the parity

PetrBorosh

- price broke down from consolidation - confirming the resistance at 95.2 - 95.5 - if resistance holds, contraction down to 93.2

PetrBorosh

- price at C point. - H4 downtrend - if the price breaks 155, will return to contraction

PetrBorosh

- price at D point of the Butterfly pattern - potential contraction to the 1.19 - then returning to the main trend

PetrBorosh

- Price at upper limit of the pitchfork - Cluster FIBO: 2x FR 1.618 of the latest corrections + FR 61.8 of the whole downtrend impuls starting in May '21 - potential correction down to 1.23

PetrBorosh

- NASDAQ is completing CRAB pattern. - Prices of mega-cap tech companies seem to be exhausted - We may see potential correction from 15300 down to 14360

PetrBorosh

After a warm winter, now we wait for the summer season and ACs on. Moreover, for the time being EU has full gas storages - often from Russia yet, which will be used and then must be replaced. How will it affect the US prices? Many hope for a rally similar to what we saw a year ago. Perhaps they are right, however for the time being - all quiet in the west.