Historical price data from the end of 2018 implies heavy selling will occur around the current $7,000 price range. The most recent 5 day historical price data illustrates how heavy selling has occurred after the rebound. Expect prices to retreat towards support levels around $6,200.
The CBOE Volatility Index (VIX) had its' first breakout since the NASDAQ bottomed out during the correction at the end of 2018 while the NASDAQ appears poised to pull back above the bottom of the most recent correction for consolidation.
Gold in US Dollars - recent history and near future
Gold tapered then pulled back from 6 month highs while the NASDAQ rebounded from a correction - coincidence? AUD Vantages anticipates the pull-back to continue to $1,250 USD within Q1.
Crude Oil Brent
Latest price 61.64, bullish 1-month time-frame.
Target $70.00 for 13%.
Although AUD Vantages isn't particularly confident in the pick Crude Oil Brent against the US Dollar at this early stage in up-trend there are supporting evidences the up-trend will mature. Evidence includes the US Dollar pulling back, Crude Oil Brent being under 1-year...