Deep commodity cycles analysis comparing the performance of crude oil and palm oil. In the last 17 years, there were periods where increase in fuel commodities drives future output prices of palm oil(although there could be other macro factors not discussed here). Current palm oil prices rally performance is the most stellar with over 270% increase in price from...
This instrument will take its time to climb but will drop down faster then it goes up. Current zonal action could move either way subject to further uptick in demand or supply volume. Look for lower time frame for short term trades our wait for breakout for longer term trade. Monitor candle stick formation on this current correction trend from current levels all...
Nasdaq major corrections in the past since the dawn of Millenia. These season is one of the worst driven by bloated evaluations and growth projections post-covid. Well the sun ain't that shiny eh after a major thunderstorm? Money seemed to be flushing out the market at the moment.
Based on breakdown from Head and Shoulders (Chart Pattern) neckline, the projected estimate of fall could go much further. One is advise to monitor deterioration of fundamental and growth forecast from news feeds over the next week to see potential breakout from box out zone. Critical levels to check @180.15, 167.5. Movement would expect to go to the next RBS or...
Periods within 2008, 2010, 2011, 2015, 2018 and 2020 was marked by weeks to month (14 d -77 d) long fearful times. Major events coinciding with fearful times earmarked. Base levels condition almost similar to that of the dot-com bubble era. Bulls and bears are really in some good fight right now with no clear winner. It's hard to pick sides!
If you are looking to invest in Malaysia, here is how the indexes in Malaysia have performed.
The big companies aren't flying as well as the other majors but the the small caps surely don't disappoint.
Small caps are stealing the centre stage!
TWO POSSIBILITIES TO CONSIDER:
1) REVERSAL TO DOWN TREND (70%)
2) CONSOLIDATION (30%)
I AM ISOLATING THE CHANCE OF HAVING CONTINUATION OF THE CURRENT RALLY. HEDGE OR TRADE SOMETHING THAT BUCKS THE TREND (IF YOU SEE ANY)
NO THIS ANALYSIS HAS NOTHING TO DO WITH GLOBAL WARMING. THIS ANALYSIS SHOWS HOW GOOD OIL DAYS (RALLY GREEN), BAD OIL DAYS (RED), AND SIDEWAY DAYS(YELLOW) LASTED IN THE PAST. THE EVENTS THAT LED TO THE MOVEMENTS WILL NOT BE DISCUSSED.
WELL JUDGING FROM HOW THINGS ARE GOING, WE MAY HAVE SOMETIME TO GO WITH CHEAP OIL.