Wednesday we had inventory reports that showed an increase in US oil production combined with the feds hawkish interest rate sentiment which sent prices deep into discount. OPEC did announce they will be cutting oil production while US supply did increase apparently, US production has slowed down the last 18months. I believe next week this will start to reflect in...
If prices continue to struggle going bullish after inventory or week come in red. I expect prices to drop into mitigation and if that happens you will see an explosive move on oil. Otherwise, they should take buy side liquidity @70.77 and come back into internal range (mitigation/volume imbalance) Mind you, if the fed also cuts rates today that will weaken...
CPI headline inflation come in higher than previous so expect another rate hike. When the institutions step in with their ETF money expect them to gab all the liquidity from prior month lows to bring price into discount because that it there angle. prices should come down into these discounted Arrays for buys in line with bitcoin halving this summer or...
With the slowing of oil production and conflict at the Nile, I think that oil prices are going to increase, if the fed decides to cut or leave interest rates unchanged this may weaken the USD and strengthen other currencies creating more demand for oil and if inventory continues to lessen you will see a further surge in oil prices. otherwise, if the fed...
this is the follow up post to me Natural gas call out
#NaturalGas inventory came in 271 billion barrels short going back up beyond high of day
relative to the prior gold analysis posted on my tradingview this is the target
Here is an over view of my ETH prices, my fundamentals are based on my BTC analysis I posted on my tradingview page
Here is my discount prices for ETH, the analysts is based on my previous analysis on BTC, feel free to check that out.
Higher than previous headline CPI inflation indicate lower gold prices and higher USD the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
Expecting Silver to drop @$15 in line with historically bearish month of September