Purvee

Purvee

Expecting the rate cut is delayed until next year (until some bad eco news), so Nov and Dec time market would be expecting huge cut with huge upward movement expected.

Purvee

Scary weekly close, but expecting the index to consolidate more until 15 May to make the big drop. Opening long until 15 May from 17k. Sell on 15 May 2024

Purvee

Correction mode, Would not go higher than the ATH before halving.

Purvee

Inflation decreases = FED cut rate = Dollar Weak Expecting FED to start cutting interest rates from the 20 March meeting. The dollar will weaken to the zone of 100 and bottom at 92.

Purvee Updated 

Could possibly see an upward move to the next resistance. As BTC is in a consolidation zone more bounce between Support and resistance is expected.

Purvee

Expect a more strong Yuan push rate to 6.26 support area. Currently in a strong downward trend.

Purvee Updated 

BTC is testing a strong support zone 35k area. Entering a long trade with tight stop loss.

Purvee Updated 

BTC resistance detected from 45k area. Is demand high enough to push through the next resistance? Short trade positioned to last support zone. Is the downward wave continues or create a new Higher High?

Purvee

Opec meeting is coming. OPEC countries are expected to increase the oil supply in the hope of the demand is getting better. We might see drop in oil price to $35.

Purvee

The bearish pattern on GOLD.

Purvee

Crude oil had a nice run from $10 to $33. Many counties are trying to lift the lockdown measures, which might increase oil demand. However, the economy is not likely to be in the same place before the virus at a fast rate. Oil price is currently on the Resistance line, a better place to enter a short position.

Purvee

Gold can be bullish until we sort out Covid, which I believe it will not be soon. Besides, Negative interest rate talk is in the street, which is bullish on the metal prices such as gold . Even stocks are overvalued, and there is are good reasons to be, it is not foolish to buy some gold . Trade every time price touches the bottom support lines, until these breaks...

Purvee

Due to the current market situation, it is possible to see 2900 and 3k target and SP500. The market keeps pushing forward and we should keep buying. Support lines have been shown in my chart, it should be bought in every bounce on them. Until the trend completely changes I see it is a buy.

Purvee

Waiting to open a long term buy position on Crude Oil. Possible support levels: 23.6; 21.7; 20; 17.8

Purvee

Possible wedge pattern is forming, and continue the bearish movement.

Purvee

Fed is supporting the stock market as much as possible, in this virus spreading a hard time. I present my 2 possible entry to buy NAS100. Hope things will get better eventually.

Purvee Updated 

Short activated expecting it fall strong.

Purvee Updated 

Just before the bank statement, I present a long idea with small risk