Something crazy is going on with Oil. We are seeing a long term wedge being established. Zooming in at the top end, we will see that Brent is likely to correct down to near 70 before going back up to 80. However from around the $80, (possibly at most 90), we could see a big long term downward correction down to around $40-$50 range. But t...
Read More
USD has spiked up a lot since we had teh fed meeting and teh core CPI data. I'm not sure its ready to head off yet... i think we will see a pull back close to 90 after this little push up happening today.Short DXY .Target = 90 (near abouts)
Read More
Oil , Gasoline etc quite over bought, we need a correction.Lets take this down to 2.175 and re assess. i imagine there will be a pause there before any further falls.Dont expect downward movement to last long though, oil is very strong generally... so its quite risky shorting, but i can let this opportunity go with a tight stop loss.
Read More
FinancialMarkets