Forecasts & Analysis
The Inventory Cycle – Boring But Important Market Setter. Part 2.
What I wrote on 11/24/2020 is still valid today. On November 24, 2020 I published the article The Inventory Cycle – Boring But Important Market Setter. The main idea was to review a simple indicator and its impact on the business cycle, commodities (copper, XLB, and XME), and commodity sensitive
EUR/USD Bullish Break Faces Tough 78.6-88.6% Fibonacci Resistance
EUR/USD remains bullish after bouncing at the 21 ema support zone. But price action will soon reach the critical Fibonacci resistance zone and the previous top.
Gold Forecast – Gold Confirms Breakout Despite Stubbornly Bearish Sentiment
After a prolonged decline that stretched into 2021, gold is yet to recover the extreme sentiment set 2-months ago. Prices have broken above the intermediate trendline and recaptured the 200-day moving average. Gold miners are up 30%, yet bearishness remains stubbornly firm.
What’s Really Pushing Bitcoin Prices Low?
The world’s most valuable crypto at the time of writing this report has lost over 20% for the week amid weakened market sentiments triggered by a series of tweets released by Elon Musk primarily on Bitcoin’s high consumption of electricity.
Oil Price Fundamental Daily Forecast – Bullish Bets on Economic Recovery Hopes Setting the Tone
The price action suggests investors believe demand issues will be solved in a matter of time as vaccinations increase.
Metals Preparation For A Big Upside Move (Part II)
What is important to understand about this potential cycle phase shift and new precious metals trend bias is that it may take many weeks or months to complete before the bigger rally really starts to build momentum.