the relationship between brent and oil. this indicates that an energy crisis combined with the 98% probability of a recession for 2023 would lead to decade lows on the ratio. DJI is predicted to touch 19000 during 2023. Oil is expected to spike and touch / hold $120 bbl. - USA need to replenish strategic oil reserves (around 400M bbl to restore highs) - EU need...
Rex minerals idea , using a few basic technical levels . The company fundamentals points to a considerable Re-rate in 2023 as they commission for production
short! XJO. big 10 year trend vs small 4wk trend (way too steep to hold). short short - will plummet follow break of 7135. down to 7060 then review, for full drop to purple resistance line!
I've managed to finally make some sense of the price action by XTE. Should the company continue to perform accordingly, we should finally see progress.
NAB, further to my previous post providing a short term view on price action and identifying a channel and a base line, Can the base line identified form a long term base position for the next 6 years as has occurred twice in the past since 2009?
NAB is still stuck in it's channel. This is what we know - bond rates continue to fall overseas and locally - RBA rate cuts continue, margins further squeezed - AUS house prices appreciate albeit low volumes (as a result, lower total transactions) - economy seems to be doing better So we're at a pinch point. nothing decisive in the macro. however, NAB's...