Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following...
We have a perfect setup for move towards the 100-lvl. War, reduced production, increasing demand and "hopefully" a cold winter coming. I really believe that we are going towards the 100-lvl soon. Good luck!
A bit unusual for me to try and make a idea about a specific stock, but here goes! Crowdstrike has always been a darling for me and I have been in-and-out of the stock a couple of times, but this time im in it for the long run! Clear upwards trend, with a nice couple of close support/resistance levels. The current one we are at now from 168-169. Should go...
So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level. And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here. But i have a feeling that we will go higher and go for the 90~ level. this could happen throughout August (start of...
So, we are back with another trend analysis and new support/resistance levels. We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural. But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023. We...
Big move down today! But! i still believe we have a potential huge upside. We could go a little lower to a support level around 2.5~ but we should go up over the coming week(s). I expect a target price around 2.7~ and after that, another move upwards towards 3~. lets see what happens! Good luck!
So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level. And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here. But i have a feeling that we will go higher and go for the 90~ level. this could happen throught August (start of...
Baed on the supply worries and the potential boost from chinese economy, there could be a move upwards, short pullback and then a move for the (needed) 80-level.
Possible upwards move in Natural Gas as of tomorrow - when we get news about the gas storage. Possible catalysts: How weather both in Europe and in USA. Good luck!
So, my last bid on EURUSD was a bust, i was hoping for a increase in interests from the FED, but this seems less and less likely now a days. SO my new move for the next coming wee/weeks is a minor pullback for EURUSD and then a catalyst move the 27th where ECB will increase interests and the FED will keep interests still. Good luck!
With the current clima, demand for natural gas for AC-cooling, there is a good foundation for a bullish move in Natural Gas. 1. Lets see a move upwards to the 2.8 2. Maybe a slight pullback 3. And then the big move towards the 3-3.05 level Also bakced by the fact that Buffet have bought into LNG so lets see if the trend can hold. Good lucK!
EDIT* EURUSD is hitting the top of the trend channel - a possible move downwards is expected in the current week (possible start of next week). Should aim for a level around the 1.085~ before we see a change in direction again. Good luck!
EURUSD is hitting the top of the trend channel - a possible move downwards is expected in the current week (possible start of next week). Should aim for a level around the 1.085~ before we see a change in direction again. Good luck!
Italy soared today based on mere positive unemployment data regarding Spain (due to the countries having more or less same situation/economical foundation). But these data does not have anything to do with Italy. As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down...
So... the Spanish market has actually OUTPERFORMED all the other european indiced in the past year and actually YTD: www.investing.com --> "Performance" that makes no sense... a country/economy which were on the edge of bankrupcy in the last financial crisis. Why has this economy outperformed all the other eonomies? it makes no sense . IMO a short position...
Maybe a potential short trade for the EUR/GBP? - BoE is bound to come with a 75 Basis point increase on the interest rate Thursday . - England are experiencing way tougher inflation than the European regions. - RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal - ADX also showing a strong upward...
Potential downward Triangle/Wedge in EURUSD pair? Curious to see where this is going and if this pattern sticks. Lots of elements in the current market that can affect this (Omikron, inflation, interests etc.) And a happy christmas to all of you! :-)
Update on AUD/USD. Compared to my last post about a SHS-formation in AUD/USD was a bit off. To be honest, it was quite a bit off - can't deny that. BUT i do believe it was a result of the news of the Omicron variant of Covid, which has a tendency to push the market and give it alot of volatility. Besides that, i still believe we are going through a version of...