FinancialLiberties

FinancialLiberties

The price of Oil was in a trading range between $72 and $85ish, this past week it broke down support and now is going to head lower, I suspect we can see $62ish at first level of support, but I think mid $50's is now on the table. Why? Elections are upon us and they want to make costs come down, so it looks like they are curbing inflation and thus justify more...

FinancialLiberties

I think the S&P has topped out again today and will most likely turn down. This is a short-term trade, but overall if we see a double top in the markets over the next few weeks without a strong breakout, then the stock market will correct downwards very hard soon and take out the lows we saw a few weeks ago. Warning...This fall will be ugly for the Stock Markets

FinancialLiberties

Looking at the chart patterns, it looks like we are starting an ABC correction. Given the fundaments, recent highs, and going into an election at the end of this year, I suspect this ABC correction scenario will play out. There is a bullish case which would be an interest rate drop and this could lift the markets higher, but given the recent highs, this could...

FinancialLiberties

Looking at the chart patterns, it looks like we are starting an ABC correction. Given the fundaments, recent highs, and going into an election at the end of this year, I suspect this ABC correction scenario will play out. There is a bullish case which would be an interest rate drop and this could lift the markets higher, but given the recent highs, this could...

FinancialLiberties

I looked at this trade yesterday, and think we are at a good entry point. The last contract rollover was Wed June 26 and it was above $2.80. Nat Gas is now trading at $2.08 and the next rollover is July 29th. I suspect Nat Gas can rise going into that contract. Here is a longer-term chart, There is a Leveraged ETN in Canada that I like to trade (already up 5%...

FinancialLiberties

Oil Trade... July 2024 Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now... I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and...

FinancialLiberties

The Tech heavy Nasdaq (and S&P) keep pushing higher from hopes for a rate cut by the FED. What happens if and when the FED does actually start cutting rates in the Fall, do the Indexes keep going Higher when that happens, or will they get be at a higher level, that the rate cuts will be factored into the price... and then lead to a Sell-Off? What if Inflation...

FinancialLiberties

Gold is trading Sideway, but for how long? Between $2280 and $2380, the longer this consolidates The better it is for Gold and the market is now accepting this price. Right now the RSI is at 50ish, so the price is neutral, but it will eventually break out one way or another. Given this long consolidation period and the trend is still up, I suspect it will...

FinancialLiberties

Is XRP Ready To Break Out or is this a Fake Out? Long-Term HODL, Now Excited Once Again...

FinancialLiberties

The USD DXY peaked in Sept 2022, the Gold low was $1643 that year. If Gold goes higher for the remainder of this decade, how low will the USD DXY Go? What will the multiple Gold get from $1643 for this Gold Bull Market if it continues? 5X, 10x or more? Will this be Wave 5 of Elliot Wave Theory?

FinancialLiberties

Gold Just Bounced off the 50-day moving average... if this $2350 price holds, it could start moving higher once again. A break below this could see gold retest the $2285, or possibly $2240ish at the bottom of the Bollinger Bands... this would be a good time to add to positions.

FinancialLiberties

Gold has had a good run recently, and needs to test this breakout, so I suspect we can retest $2000 on gold this summer, then, move higher to $2500 in the fall/winter. The mining sector and stocks have typical seasonal patterns for trading, and we usually get the highs in Feb-April, then a good pull back into the summer, and then the next wave up to higher...

FinancialLiberties

MARA looks to be at a good entry point, as long as BTC holds this $70K range. If BTC goes to 100K, then MARA could go back up to the $33-$40 price range.

FinancialLiberties Updated 

Based on the previous last move, we are about halfway up this move. We are looking to exit BTC at 100K plus in the next few months.

FinancialLiberties

XRP is looking to break out soon. If Bitcoin continues higher and goes to all-time new highs, then XRP and most other cryptos will also break out, they lag Bitcoin, but at times they can outperform BTC in very short and quick bursts upwards... I think that is coming if BTC continues higher.

FinancialLiberties

It is probably wise to sell NYSE:JPM JP Morgan shares after a strong rally. We could be seeing a double top, and is due for a correction or hard sell-off. I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks. Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse...

FinancialLiberties

From the Charts and the Fundamentals, The USD Index looks to be breaking down going into 2024. Short USD Long Gold Long Crypto

FinancialLiberties

As a precious metals analyst starting about 20 years ago, the setup for really good and I think a major breakout in the price of Silver (and Gold) is imminent. The fundamentals have never looked better and I think it is a great time to buy some Silver and Gold. You may also want to consider some of the stocks of miners for both silver and gold, focus on the...