Hi there - I though I'd share my ideas around Silver which is my favorite pick amongs precious metals.
Silver is largely included in protective ETFs that would see inflows from the heaven aspect of precious metals and there protective aspect vs inflation. In an end of cycle of Equities, falling corporate profits, little room for bonds to run and...
Lets have a closer look at this chart and breath a bit!
The market is reacting to a surge in rate and as expected the dollar is starting to get traction.
I hope the chart is self explanatory but I will try to put it in writing:
We have reached deep oversold compared to previous level but we have made a higher low.
As predicted, MACD is crossing.
Im in deep trouble and need your advise.
I have been following a trade for a while and felt it was the good time to enter, but I'm having doubts and felt like sharing to get your views!
I am going to get through different points, and I am just supposing, I never have the right answer, I like to think that I just increase my probabilities of being right: so be...
USOIL - WTI - SHORT
Major and minor downward trend intact (August 14 reversal: break of upward chanel: MACD cross, breach of RSI14 50 level) confirmed following the breakout of short-term triangle consolidation (August 18 to 24).
Fundamentals - Changing mix of WTI consumption - EVs coming sooner than late - Pretrochemical products inventories pilling - forget...