Even if people do not realise it, Oil is a very strategic asset. I thing that the last two huge drops has been created to weaken Russia and probably for some happy few to buy at low price this vital asset for global economy. Oil have reached a bottom and I would advise to accumulate contrats at the current price.
Last week I advised a Long trade on GOLD that has worked perfectly. Even if Gold is a good long term play, we can expect downside pressure around 1740. There is around this level a weekly pivot, and resistance oblique level and the 161% fibonacci level (extension) of the previous move.
The long term USDCNY trend keeps unchanged ....
Short term rebound - Negative outlook for the Long term... Only for short term trading !!
The Coronavirus crisis is showing mismanaged problems within the EU. Italians are burning the European flag as they could not get help from its neighbours ... The profound geopolitical crisis that reveal the Coronavirus can lead to Italy leaving the EU. Economical problems are difficult to solve in EU because Italy and other South countries ask for help and North...
In case of an important crash to the stock market in the coming years, keep your cash ready and buy SPX at 1100. At this price, the US market will going back to its long term growth trend. Please think that the stock market did not go up over the last years because of economic growth but Quantitative easing and negative interest rates. The price of assets have...
At the time, I was advising to take profit ... The SPX is re-entering its "wide" long term uptrend pushed by Quantitative easing and negative interest rates. The stock market can probably go up to the yellow line before going back down. The Lehman crisis was not solved but postponed by Monetary policies. We will have the cash out someday for all the fake money...
Facebook is an online business that will be less affected by the Coronavirus recession that will come next. You can expect the stock to re-entered its long term up trend. Buy now ... If the stock goes down to the lower blue line buy more aggressively for long term profit !!
GBPUSD is coming back to its Long term weekly channel. The center of the channel is the target !!
Short USDCAD - the lower channel is the target
You can buy AUDUSD however I would rather wait for Short play .... A bunch of resistance are closer and closer !!
Short term high on the Dax
Gold will go back on its up trend - Get ready to buy after PB