So..., some extraordinary chart/discussion since I really got upset due to an article on seakingalpha... SFL is an offshoot from the John Fredriksen Company Frontline. There are really close financial interests between SDRL and SFL as well as FRO and SFL. The recent warning by SDRL on filing Chap. 11 really needs a careful discussion/analysis of the money flow...
Quite a time since my last update, but don't you think it is getting more and more obvious what is happening ? Watch out for JPYUSD ! We might see a drop till 110 and miners ups again but my minimal target is the Region of Jan 2016 lows...
I've previously shown the some bit of slightly periodic behaviour of GDX/XAU/HUI ... Local maximum should be done and within next few days the next leg down should start.
Target should be in the 34-35 Eur (or whatever next currency it will be) Region... Should be a good entry point now.
Impressive rally since December... But on low Volume. I guess there will be a fight for the 1220 Region and maybe a surge till 1250 but my target remains in the 1040-1050 region for Q1/H1.
It's a really crowdy trade ... It's time to be cautious!! With the OPEC meeting I guess w might see a surge till the 56 region but from COT positioning a 10-20% correction back to the 45 Region is likely.
After a really nice retest of the Head and Shoulders Neckline it is time to get back to the short side. Target remains the 2016 low region.
We are slowly moving to my Dec. Target... I guess we will see a correction till 1153 (max.) and than back down to 1120. GDX broke 19.82 and we should see a reasonably fast move to 15-14 with Gold back between 1080 and 1120. Currently from COT Data no reason to go long.
Getting to a mid-term Resistance at 116. On break we will soon see 120-124. From COT Data this is possible.
I know you keep smiling when you hear that phrase... We have a nice Cup&Handle Formation of Seadrill targeting 3.90. Different to the October Peak, higher prices are not yet used to sell (maybe will come). So, depending on Crude development in the next few days we may see a similar short squeeze as beginning of the year... But it seems Sentiment for Offshore...
No Idea what effect Italy referendum will have tomorrow, but from COT Data the upside potential is limited. With still 41% NetShort by Commercials we have a downside risk of 200-250 USD on reduction to about 10%... Till we don't see a significant move of Options (now 4% NetLong) upward, we will not have a bottom. Having the bad feeling that the big Selloff is just...
I think it should be self explanatory... Expected a short squeeze already in Sep/Oct, but it seems to start now. Regular Target: 3.70 Region. On Short Squeeze: above 7.50
Working hard to break resistance... Let's give it another try.
US30Y back above 3% us10y rising and yen tumbling...
OMG. No Idea how to judge Futures/Options combined behaviour. We had a similar behaviour only at the beginning of the 2008 Bull run. But OK. Won't go to 145 this time! Just from positioning of Futures, I would judge next Target between 58 and 65. Depends on next week's data. Desperately waiting already now. By the way, did you notice that Brent is at levels last...
Limited downside potential (40 Region) on NOPEC, but epic short squeeze on OPEC possible. Just from Commercials COT Data I would say there will be a deal...
OK, was just a trick... It's NOT Gold here, but something definitely better. It's the producer of the high security paper for all European CB's . If we have an Italexit there will be a need to print some new Lira (or whatever they will call it). Fortress paper is the producer...
No Idea which one to chose, but either one should be O.K... Targeting 5.x Region