Wednesday, March 30, 2016

Gold: Correction ahead

Currently gold is probably forming a small head and shoulders pattern,  pointing lower

We think that this correction will be a good long term buying opportunity for gold and specifically gold miners (GDX)

Wednesday, March 23, 2016

Crude is approaching a turning point

Crude is approaching a significant resistance at 43.5 with a negative RSI divergence while being in a 5th wave up.

Currently 41 price level is crucial:

  • Above 41 crude will probably finish its 5th wave at around 43.5 and then correct possibly towards 34-36  
  • Below 41 will correct immediately towards 34-36 

Saturday, March 19, 2016

Gold Miners (GDX) long term bottom

Gold Miners ETF (GDX) has already formed a long term bottom.We believe that GDX is about to form the right shoulder(will take 3-6 months) of an Inverted Head and Shoulders formation, signalling a long term bottom for GDX

Friday, March 4, 2016

Treasuries (TLT): Double top or cup with handle?

We expect TLT price to bounce at EMA21(weekly).
We believe that the current pattern will evolve to a cup with a handle formation, leading TLT towards 150 with easy-to-guess implications for equities

Wednesday, March 2, 2016

Crude: On Hold (a.k.a wave 4)

Today we present our previous prediction(Oil: Time for a pause of the current downtrend?(a.k.a Wave IV)):

Current Update:

Currently crude is probably in a corrective wave 4(ABCDE) 
before a final leg down towards around 25$(1.618 fib ext of wave 4) or even 21$ (difficult but doable, 2.618 ext of wave4)
Crude price above EMA21(weekly) will confirm then end of current crude bear.