With COT data back online again, we MUST say that the better chance is is on the short side. Also Concentration Ratios of big 4/8 point to that direction. Sorry Bull's...A little bit like the Brexit/Trump squeeze...
Concentration Ratio of the biggest 4 Traders is at critical Level. Should see a drop towards 15-16 soon.
Staying lt bullish for Barrick, but we might see a drop to 11.50.
Looks very much like 2008 Peak. Should see bottom in April 2023. Need to expect that PM Commodities will outperform afterwards but now staying on short side.
40 % Correction ahead. Or an Inflationary Shock with Crude 50 & up and Fed Fund Rate to 8... Chose what you like more!
Developed well, but with correlation to Brent time for a correction.
Most likely we will not see a break of long term resistance. It's rather 18 than above 28.
Watchout! Current positioning of Commercials for USOIL is at critical levels !!!! They are Net Long... We're rather going to see 62 & 40 than above 100 Levels in near future.
Could be a break out. But let's see what Monday Night the Plunge Protection Team will do....
If the Strength of King$ matter for current Market Condition's, wouldn't it be reasonable to scale Indices to DXY and normalise ...? What Target of current Correction would we need to expect ?
A good start of the week... With FED meeting in a few days and Fed Funds Rate pointing to 5 % this year, a crash of CNH is imminent. With all the problems China has, they won't be able to protect currency. Most likely China Shares will also sink. Say Goodbye to Uncle Xi... JP, we need a 7.x as a Fed Funds Rate !!!
Although median Analyst Target of TTE is above 70 Eur the clear H&S Motif points to 34 Region. Let's see who is tight.
65 in a month or 2 seems to be a bit exaggerating in terms of bearishness, but you'll never know...
Starting another play from next week on... sub 10000 as Target.
Trend definitely broken. Next Target is 10-13 Region. No real turnaround for the next 150 Trading day's. Need to wait on COT Data from PM's
Maybe history repeats... Buy at 12-13000, Futures point toward further downside.
22-24 should be the right price to buy again. And a 15-21 % Correction is quite a bit, so time to sell and wait ... A 3% Dividend is not enough to hold and wait.
Wyckoffians usually Call a Narkdown when they see that Pattern. 1440 correction Potential from the TOP... Be cautious when trading!!!