I woke up this morning to an announcement from CTFC (Commodity Futures Trading Commission) which is the regulator for commidities trading, in which they issues a WARNING to brokers, trading houses et al that Oil prices may go negative again running up to the June Contract expiry on 19th June 2020, which is next Tuesday (today is Thursday 14th May)....
Read MoreMarkets rally has been slowing down. Last night the FED gave a speech which signalled more turbulence to come, which of course is naturally expected, as the effects of COVID-19 lockdowns have not materialised yet. SPX starts it reversal AT the ema(200) which also coincides with a Resistance Line we have. Expect SPX to continue falling to the...
Read MoreThe time has come to go LONG on Gold. It’s been moving sideways similar to oil for some time now, forming a penant chart pattern – ready to break upwards now. Expect gold to rally to around $1850 initially. This should coincide with market turmoil as investors shift out of other assets and move into gold AGAIN.
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