Crude Oil is recovering its value and positive sentiment. While the recent gains should subside, retracing to $25-$27 , the consolidation should set up the next leg to $45-$48 in light of increasing economic activity post-covid. The short term outlook is bearish, while a consolidation below $30 should give enough confidence to boost prices to $45. Thereafter...
Gold, in relation to the U.S Dollar is at a deciding point. While it may be identified as a double top in relation to the DXY, it is most likely going to be a breakout point given the recent inflationary action of the US Federal reserve and loose government fiscal measures implemented during the Covid crisis.
While Netflix has been the darling of the Covid-19 Pandemic trade period, there is some technical weakness evidenced by a divergence on the MACD. While a higher price point such as $490-$500 is achievable, this may be used as a zone of distribution for larger holders.
Non-recommendations from a non-financial expert - #NFLX has increased downside risk while showing...
