NVDA PRICE TARGET OF 232 - TOMORROW, MARCH 3NVDA slowly creeped up on Wednesday, March 2nd, with little volume (a sign of weak momentum) and closed the day with an impressive selloff - leaving price below the 15m 9ema.
NVDA has two options tomorrow the way I see it.
The first and most likely, is price drops to 232 and possibly even tests 226. This is will depend largely on the open tomorrow, and whether or not price stays below the 15m 9ema. This is backed by the the up trend being broken and the On Balance Volume indicator showing a steep decline.
The second and least likely, is price continues to creep up, retesting the upper trendline region of 250/252 - although I see it being very difficult for bulls to find the momentum to break through these strong resistances.
Of course, these analysis are becoming less reliable as the situation in Ukraine and Russia unfolds and updates.
Russia
MONEY FROM WAR? / NO, WE INVEST IN PEACE 🕊️☮️₿War profiteering
A war profiteer is any person or organization that derives profit from warfare or by selling weapons and other goods to parties at war. The term typically carries strong negative connotations. General profiteering, making a profit criticized as excessive or unreasonable, also occurs in peacetime. An example of war profiteers were the "shoddy" millionaires who allegedly sold recycled wool and cardboard shoes to soldiers during the American Civil War. Some have argued that major modern defense conglomerates like Lockheed Martin, Boeing, BAE Systems, General Dynamics, and Raytheon fit the description in the post-9/11 era. This argument is based in the political influence of the defense industry, for example in 2010 the defense industry spent $144 million on lobbying and donated over $22.6 million to congressional candidates, as well as large profits for defense company shareholders in the post-9/11 period.
International arms dealers
Further information: Arms Industry
Others make their money by cooperating with the authorities. Basil Zaharoff's Vickers Company sold weapons to all the parties involved in the Chaco War. Companies like Opel and IBM have been labeled war profiteers for their involvement with the Third Reich. In the case of IBM they developed technologies that were used to count, catalog, and select Jewish people whom could then be targeted for efficient asset confiscation, consolidation in ghettos, deportation, enslaved labor, and, ultimately, annihilation.
Commodity dealers
War usually leads to a shortage in the supply of commodities, which results in higher prices and higher revenues. When it comes to supply and demand in terms of economics, profit is the most important end. During war time, "war-stuff" is in high demand, and demands must be met. Prior to the invasion of Iraq in 2003, oil production was controlled by the Iraqi government, and was off limits to Western companies. As of 2014, foreign owned private firms dominate Iraqi oil production.
WE INVEST IN PEACE 🕊️☮️₿,
The FXPROFESSOR
Markets are optimistic, pushing high-yield assets higherToday's forex news: Markets are optimistic, pushing high-yield assets higher
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On Thursday, risk continued to take the lead amid Eastern Europe's ongoing war issue. While the Russian stock market remains closed, shares of European corporations with exposure to Russia have plummeted. Meanwhile, the government is on the verge of default due to international sanctions. However, Russia continued its aggression against Ukraine, and Russian President Vladimir Putin told French President Macron that the objectives of Russia's operation in Ukraine would be carried out regardless of the outcome.
Wall Street started the day with significant gains but shortly went red due to concerns about the war and an assertive Federal Reserve in the United States. Jerome Powell, the Fed's chairman, stated on his second day before Congress that policymakers are prepared to raise rates by more than 25 basis points in upcoming sessions, further dampening demand for high-yielding assets.
On the back of the news from Ukraine, the atmosphere improved, and markets rebounded, putting an end to the dollar's rally. Kyiv announced that it had achieved a preliminary deal with Russia to create safe corridors for civilian evacuations. A ceasefire would be observed where safe corridors are established under the terms of the agreement. Additionally, the third round of negotiations has been scheduled for next week.
Meanwhile, Bank of Canada Governor Tiff Macklem stated that he would not rule out a future 50-basis-point rate hike, noting that there is plenty of room to raise interest rates this year.
The EUR/USD pair fell to 1.1032, its lowest level since May 2020, as investors sought safety. The pair is hovering around 1.1060 as we approach the daily close. GBP/USD is trading near the 1.3350 level.
The Australian dollar was one of the best performers, with AUD/USD hitting a new 2022 high of 0.7347 and maintaining close to that level ahead of the Asian start. The USD/CAD pair increased somewhat and finished at approximately 1.2675, as crude oil prices finally eased a little.
Gold prices increased modestly. Spot gold is trading about $1,933.00 per troy ounce, remaining within Wednesday's range. WTI reached a peak of $116.51 per barrel but is currently trading around $108.00.
#Mitrade #Russia #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD #FXNEWS
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180$ for barrel?! What will happen with Oil Price during WarOnly peace will save us - as one proverb says. But is it really the case with the oil price? The war in Ukraine and the turmoil over Russian oil are shaking the markets, so we have to look at the situation from several perspectives.
the nearest option resistance is at USD 120
we have a lot of Virgin VPOCs below the current price, which theoretically should act as a ballast inhibiting further increases
in the background the risk of the imposition of further sanctions banning the import of Russian oil in individual countries
ignorance of OPEC at the last meeting - political and supply turmoil around oil and the session ... lasts a record 13 minutes without mentioning the oil supply limitation by one of the key OPEC producers!
The situation becomes even more interesting if we see where the funds are located on the Options from the Expiry Date in mid-April 2022 - the resistance (i.e. investors place money on CALL options) with a record high turnover is ... the level of USD 180 per barrel! At the time of writing the analysis, we have as many as 4241 options there. Even at the next expiration of options in mid-March (little time until Expiry), we can see the capital shifting towards $ 140, where levels of $ 100-110 were staked at the beginning of the war in Ukraine.
The options market often brings information well in advance. Get an edge in trading today with access to daily analyzed levels and option data from multiple instruments. The inquisitive will find a link to the page where the results of trading with the use of tools and option data are presented, as well as information about the mechanics of the market available for free.
And what are your expectations for the coming weeks ad. oil prices? I'd love to hear from you!
Here are Two Possibilities That can happenThere are two scenarios about USDT.D that you can clearly see on the chart over here, and it’s reacting point to point perfectly, we must have a couple of green candles on the charts of the crypto market I guess, and looking for a better opportunity to get into a perfect position on the top ranks of the market.
As always stay safe and manage whatever you have to manage because whatever can happen on a chart, will happen!
GOLD LONG TO 1982This here is my long analysis towards 1982 & possibly even towards the 2015 on Gold. As we have seen Gold has been in a huge bullish cycle since February 2022. So far by the looks of it, Gold has completed Wave 3 of the Elliot Wave move & hit a peak of 1974, followed by a 1000 PIP drop down to 1878, which would count as Wave 4 if this analysis is correct. We are now seeing Gold make its way towards 1982 in a 3 wave phase (A,B,C pattern) in order to complete the final wave which is Wave 5.
I had called this bullish move back in February in the Market Breakdown Report for my investors and we have so far profited from it. On the daily TF, we have also now seen all the imbalance filled that market created during its drop in 2020 and 2021.
I will be catching this move on behalf of myself & my Account Management investors. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
Oil Prices Soar, Next Target?? #OOTTOil has continued its tremendous ascent. We are well into the $100 handle at this point, with little in the way to suggest that it may turn back. We did see some resistance at our intermediary target of $110, but a strong burst of momentum smashed through this target and hit our next profit target of $116.61 to the tick. The next profit target is at $122, which brings us closer to all time highs at $147, which we last saw in 2008. The Kovach OBV is still very strong, without even the slightest hint of leveling off. However, at some point a technical retracement is to be expected, and if so, $110 or $106 should provide support.
Bull Wedge Pattern in Stocks 📈🚀Stocks keep edging up, but remain bounded from above by 4380. We appear to be forming a bull wedge pattern at this level, with several red triangles on the KRI to confirm resistance here. The Kovach OBV is slightly bullish as well, suggesting a bit of a bull divergence. If we break out, we have several levels above to provide resistance, but ultimately, the next target is 4440, a relative high from January, and strong technical level. If the breakout fails and we reject 4380, then 4272 should provide support. If not, 4228 should be considered a minimum lower bound for now.
RSX Arbitrage OpportunityRSX NAV is 1.29, it's currently trading above 7. Easy trade, short this to NAV.
Does Crypto Support Actually Equate to Pro-Putin Support?Guys, we have to be very careful discerning what is meant when our government encourages still more regulation. And who are actually the terrorist? Will all crypto holders who oppose the type of regulation that is being proposed suddenly become the terrorist or Putin sympathizers? If regulation proposals are left unchecked and unchallenged, this very well could become the end result. Be careful to understand what is being intended through subtle implication and nuance of language here. These types of statements should NEVER go unquestioned and unchallenged!
Bitcoin is Now Worth More Than the Russian RubleAfter the collapse of the Ruble in the wake of Russia's invasion of Ukraine this week Bitcoin has now officially surpassed the Russian Ruble -- according to CoinMarketCap:
"Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion."
MOEX -- the tracker for the Moscow Stock Exchange went dark after the combination of sanctions and people pulling money out of banks/exchanges went into effect. The country is now in economic turmoil -- some are speculating that even altcoins like Ethereum and Dogecoin may have surpassed Russia as well. (Though the data for it is now available, yet.)
While some countries are currently celebrating the economic "victory" over Russia, some analysts are expressing concern over secondary effects over oil and gas prices, potentially further worsening inflation and supply-chain woes that were already starting to mount all across the globe.
With a US recession looming in the horizon, what does this mean for crypto? So far there hasn't been any indication that the losses of fiat currencies leads to the decline in the asset itself. In the long run, this may prove to be an important factor in how the industry pans out over the next few years.
www.coindesk.com
$GOLD 2H TA : Bull or Bear ? As you can see, the price has reached a Bullish OB range and we expect a positive reaction to this level, if it consolidate above $ 1919, we can expect growth to $ 1932 and then to $ 1944! and if price break 1910$ and consolidate below $ 1910, we can expect a drop to $ 1902 to $ 1907 range .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅02.Mar.22
⚠️(DYOR)
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Bitcoin is Now Worth More Than the Russian RubleAfter the collapse of the Ruble in the wake of Russia's invasion of Ukraine this week Bitcoin has now officially surpassed the Russian Ruble -- according to CoinMarketCap:
"Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion."
MOEX -- the tracker for the Moscow Stock Exchange went dark after the combination of sanctions and people pulling money out of banks/exchanges went into effect. The country is now in economic turmoil -- some are speculating that even altcoins like Ethereum and Dogecoin may have surpassed Russia as well. (Though the data for it is now available, yet.)
While some countries are currently celebrating the economic "victory" over Russia, some analysts are expressing concern over secondary effects over oil and gas prices, potentially further worsening inflation and supply-chain woes that were already starting to mount all across the globe.
With a US recession looming in the horizon, what does this mean for crypto? So far there hasn't been any indication that the losses of fiat currencies leads to the decline in the asset itself. In the long run, this may prove to be an important factor in how the industry pans out over the next few years.
www.coindesk.com
All Gaps Must FillA gap from Dec 2020 was closed in trading yesterday.
It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia.
Magna has 2,500 employees in Russia in 6 facilities.
Russia conflict is likely to add even more supply chain constraints for auto manufacturers.
I really like Magna, should the conflict in Russia resolve itself, Magna will be positioned as a great investment opportunity on a discount with a good dividend.
Real Money Moves Markets Good morning, nothing really technical here today folks just a reminder that one Geopolitical Event In Ukraine caused the market to move sharply to the upside. The power of real money cannot be denied during times of Bank Freezes or even Invasions & Occupations. Bitcoin passed the test once again, when millions of people donated BTC to fund Ukraine's Military. Over the last few weeks a colleague approached me in different ways sneakily trying to ask for crypto advice. I have to be honest, to people who aren't in the market & are clueless about the technology Bitcoin seems like some secret Cabal. Every few years people ask me randomly what coin they should buy. After six years the answer is always the same. I suggest starting with Bitcoin. If anyone is managing a portfolio BTC is the best way to start, it's the best investment, the best money, the most liquid cash, the most secure, it goes on & on. But for some strange reason, they think I'm lying or keeping secrets, or worse yet, I'm supposed to teach them portfolio management FOR FREE. This colleague, said his organization had access to large sums of cash sitting in a bank acct. A regular acct not a business acct. He asked what was the best thing to do? I suggested buying BTC & collateralizing it back into dollars 50% at 1% interest. The Org would have had tens of thousands of dollars to advertise, to do community events or for projects within the facility...The following week the conversation shifted to Akoin being some kind of solution for people in Senegal & potentially for black Americans here in the US. I was floored. After six years of teaching BTC, I had to start all over with the basics. My new approach is not to bash sh!tcoins but to allow people to fail, I do research on the projects then get back to "investors" with the good the bad & the ugly about their latest lotto dreams. After a few short conversations about the idealism behind Akoin or rather the appeal my colleague told me he hoped I was wrong or that he didn't want what I'd said to be true. I have no other choice but to believe he bought Akoin when BTC was dipping. The weight of the words "I don't want to believe that & I hope that's not true" were devastating. And this is the reason portfolio management conversations cost money.
What do you think?
Did you buy the BTC dip?
How do you handle no coiners?
Most diplomatic way to handle sh!tcoiners?
Disclaimer: In no way should my remarks or the context of coin discussion surrounding Geopolitics, Nation or Country of Origin to be considered disparaging. In fact if you're interested please see the latest developments regarding Senegal's adoption of Bitcoin.
Oil Soars Past $100, Next Targets?? #OOTTOil has soared and smashed through even our most aggressive profit targets. We smashed through 106, then hit 110, before finally coming up for air. A brief retracement appears to be finding support just above 106, so it does not appear that the rally is over, or even showing signs of pause. The Kovach OBV is extremely strong right now, as one would expect, but it has not showed teh slightest intent on leveling off, so it would be FOMO to buy at these highs. Our next target, set from Fibonacci Extension Levels is 116. We have created a giant vacuum zone below, so watch out if 106 does not hold. The next target below is 101.46, then 100.00. After that, we will surely find support in the 90's, but we aren't likely to see such low prices for now.
Stocks Still Undecided as Ukraine Crisis IntensifiesStocks have retraced further from relative highs at 4408. It looked like we might have been gearing up for a bull run to test 4440, but geopolitical woes seem to keep weighing, and two red triangles on the KRI suggest that 4408 is providing prohibitive resistance for now. We have since retraced back to 4272, but seem to have good support there. Currently, we are seeing a brief pivot from 4272, which has brought us to the midpoint of this level and 4408. From here it could go either way, but it is likely we will need some resolve to the Russia/Ukraine crisis to break higher. If we sell off further and 4272 does not hold, then 4228 is the next relative low where we should expect support, then 4122. If we can break 4408, then 4440 is the next target.