Could be breaking out this year, first gap needs to close. Call"s are cheap right now ;-)
Best Energy opportunity this cycle, created by shortages NOT demand
Good Luck/ What for a ride
Pull back under 500 and rocket to 580 until end of the year
21 June Eclipse is a difficult trading week and has produced a short crash in the markets. The big Question; is this a rehearsal of 2008 which was also a leap year.
Positioning in Copper will ultimately work out in the new commodity Boom, only time will tell.
Only time will tell, all data is out of whack and fundamental analysis is meaningless as long as the Fed is using the unlimited Printing-press.
Lower Low failed, hence new trend in place expect high vola in May, could be used to add positions
Fundamental trade: Dividend since 1970, even with canceling dividend next year saving the company 2.5 Billion for debt payments Fueling the snapback, contrarian move => too much negativity. Board Members share purchase, Revenue and Earnings are rising since 2017 Technical: extreme Oversold on Monthly/Weekly Chart, Chanel resistance, should reach 80 by the first...
Price target for the next 6 Months 1.222 with lots of volatility. If the green channel breaks then we see a retest to parity.
Put option in place A summer correction is under way with "500" points in mind.
The ECB at work STP 140241 TP 119465 Mini lot traded holding time 1 Year
The ECB want's the Euro to decline to 1.20 (or less) to stay competitive and the British have no choice to walk the same path, hence the correlation of two currencies declining at the same speed and time but in slow motion.
15th April Full Moon Eclips, mini crash imminent I expect massive sell off for next week….. ;-)
Short still in play, only reversal of break out to 1,388 will set a new trend….. Williams and Stochastic must move over the 50% line to confirm…..