BKNG Short target around 3820. Divergence MACD + distribution
I'm expecting russell 2000 to go up in the 190s and early 2024 after retesting in the 170s and going to 210s supported by lower rates.
Praise God because nothing else really matter ... everything is on the chart
“I, Jesus, have sent my angel to testify to you about these things for the churches. I am the root and the descendant of David, the bright morning star.” - Revelation 22:16 It is written
Yields should go down in Europe. And bonds should rally
Platinum should outperform silver following the wedge
Sugar looks good for a swing long, it bounced from a 5 year R1 level and untested demand zone. I expect a retracement to R2 ( middle of range)
I expect palladium to start an accumulation process in the following months for the following reasons: Technicals: Palladium is in an untested demand zone which includes 5 years and 10 years It is in an untested demand zone which correspond to the restest of 2001 highs and the breakout of 2018 There is a divergence on the MACD Seasonality is positive...
My analysis favors cocoa shorts in the coming weeks/months for the following reasons: The price of cocoa futures have broken ATH in a parabolic fashion Price is approaching the 5 years R2 Seasonality is bearish in december and after february Lower rates should favor stocks vs commodities All agricultural commodities have retraced quite a lot after...