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Hopes

Broad market analysis. 30 May 2019.Crude Oil Bought and got stopped. I am now looking for a retest of the lows to get in. Am seeing it make a double bottom and rallying. I think the shorts covered. Sellers are out. Those that shorted previous support turned resistance around 65$. Time for buyers to step in. Especially if the price goes to test the lows slowly. But the right way, not like trending down, that would not be good either. Copper Copper went up on hopes that the economy recovered, and the supplies are low, and the "electric car market will boom". Copper is on sale I think. In support area. I am looking for the perfect entry before it rallies. Scientific news: "New Copper Material Could Replace Precious Metals in Electronics". Rare earth metals I heard could be hard to get soon... British Pound The pound made a near full retrace on "trade war hopes". Basically the raw unfiltered logic behind this trade is simple: the idiots that bought on "trade war hopes" are getting out. Full retrace. There could be some Pound pairs that give good entries to short still. But otherwise they have nothing special... Australian Dollar Trending down. Potential entries on several pairs. If I short I will look for the most interesting pair. Right now my eyes are on AUDCAD resistance seemed to react, I will enter if there is a double top. AUDJPY looks like it is bottoming so I would not touch that one. Swedish Krona It is rallying now? Looks like it wants to retest all time low before dying. Sweden still think they are going to remain a developped country. The communist path they chose is slowly but surely leading them to 90s soviet union. Little reminder "GDP fell as much as 50 percent in the 1990s in some republics, Russia leading the race to the bottom as capital flight, industrial collapse, hyperinflation and tax avoidance took their toll." Bitcoin Almost forgot Bitcoin. I keep posting about it how could this happen... Already short, enjoying pretty high funding (already got more than 25% of my risk back). If I was not short already I would look for the perfect entry. The raw idea is: the idiots that FOMO bought on "bottom hopes" because of some golden cross get liquidated / rekt. S&P 500 Another full retrace to look for. "Trade war hopes". Bonus: Grains I have no idea where to enter. I cannot just jump in blind and take hits like the one yesterday. Going to wait and see... I just do not know how to trade these sharp spikes...
by MrRenev