It has been weeks that stocks grinding higher and no longer we see the correlation between stocks and oil.
OIL reached -35 and stocks are about 15% away from the all-time high. This is crazy …
Also, stocks and COVID stats no longer are correlated.
Looking at weekly candles I suspect stocks to fall in the coming week(s). That means it is also unlikely to see Gold to fall and it is likely to see a bounce in Oil.
I am just sharing my thoughts with you friends. Always do your own analysis.
Finally, have a look at weekly candles and see how bulls are in control of stock markets and gold.
I would add AUDJPY, AUDCHF, NZDJPY and NZDCHF will remain bullish. In summary long AUD, NZD and short CHF and YEN.
I wish you have a great weekend and stay safe with your family.
Regards,
KHAN
OIL reached -35 and stocks are about 15% away from the all-time high. This is crazy …
Also, stocks and COVID stats no longer are correlated.
Looking at weekly candles I suspect stocks to fall in the coming week(s). That means it is also unlikely to see Gold to fall and it is likely to see a bounce in Oil.
I am just sharing my thoughts with you friends. Always do your own analysis.
Finally, have a look at weekly candles and see how bulls are in control of stock markets and gold.
I would add AUDJPY, AUDCHF, NZDJPY and NZDCHF will remain bullish. In summary long AUD, NZD and short CHF and YEN.
I wish you have a great weekend and stay safe with your family.
Regards,
KHAN
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.