Demand is down because inflation is up and people are driving less to make up for the cost.
Trend regression channel since Nov 04, 22
Entry 2.15
SL 2.21
TP 1.93
Heating oil finds itself at a pivot point after reverse at support levels not seen since Feb of 22.
-We are only in December heading into the coldest months of the year.
-If this Pivot point holds cold see massive take gains long.
The math I have is entry @ Market price Right now is
3.1189 @ $4.20 per tic
SL 3.090 =
TP 3.99 =
-RTY is Likely to test and break below 1670 before the end of the year heading into 2023
- Interest rates continue to increase
-Inflation continues to rise
-Things cost more, companies will start cutting jobs to make up for increased cost of everything
-Unable to break above 34400-twices
-24day support breaks
-continues breaking on friday-
-Interest rates continue to increase
-inflation has not been tamed yet
- the dollar will rise and the markets will short below 30,000 into the new year.
Keep an eye on platinum to hit 990 then rise higher
-Inflation has not be curved yet
-Interest rate continue higher
-until those reverse Things will continue to be more expensive
Limit order @ 990
SL@ 9825 (Risk -750 Per contract)
1st TP @ 1050(+2500)
2nd TP @ 1090(+3500)
Silver has increase from $18.50 (Oct 20) to $23.33.
That is a 26% gain a month.
Silver will continue to rise over 2023
First Take profit will be - 24.50
Second take profit is - 25.75
@ 26 watch for a pivot point back down to 22.50 or it will break out to 30.
- Following an 11 month long regressive channel
-Last 24 Trading days forms a head and shoulders formation
-Interest rates Continue Higher in 2023
-Signs of a recession are self evident at this point
-First Target Profit is 10800
-then below 10,000
Due to financial instability,
continued increased interest rates,
Recessionary markers being met,
technical markers showing signs,
Gold will contiue to 1820 as the next major ressistances,
the 1870 Etc as marked. over the next 6 months
Oil Seems to be in the decline on a 3 and a half week down trend starting Nov 22nd.
-I believe the market will continue down and demand continues to decline until at least 71.03(68.31 second profit goal)
-this being said it is the end of the year, stay smart,
This being said expect demand to increase as China comes out of 0 covid policies.
- Long trading may...
As shown there are several reasons both fundamental and technical to believe that ES May sink below 3600 before the end of the year.
-Fed suggest that it will continue to rely on a market based and performance based interest rate policies
but as of yet has not suggested and easing of and interest rate increases throw out the coming year in 2023.
-broke below...
