Hey Folk
Here we go again
Alot of report on crude oil this week. To me it is a political game as well as perhaps it is trying to reflect that fundamentally the economy is not doing well.
Political is because of Russia and the Middle East. The other more worrying part is the fundamental of the economy, if oil price stay very low mean there is no demand. Inflation wont go up. QE and low interest rate environment will stay. Then soon deflation will set in. These are very bad for anything that exist.
Review from last week trades:
I am right on stock market, oil, Gbp, Yen
I am wrong on Euro
I did not go into Aud, Nzd, Cotton and Gold
current open position
Long stock market
This coming week
Gold - The overall trend is down. On Friday again, it had a big up day. Let see more closely the movement of this metal. It might change from downtrend to uptrend. My take is it will stage a rebound then come off and creating new lows again. But i am always wrong so take it with a pinch of salt.
Oil - Trend is down. The look of it is that the down move will continue.
Stock - Current price is somehow resisted. It is still in a uptrend. So let see if there is a dips. If a dips happen, i would prefer to add more position on the long side.
Currency - Most of the currency like Eur. Gbp, Nzd, Aud, Yen are in a downtrend. i will be still be looking for the down side in all of them. Waiting for setup to formed. The weakness of dollar on friday create a better setup for the other currency. Until the trend change i will stay short on these risk currency.
cheers folk
Here we go again
Alot of report on crude oil this week. To me it is a political game as well as perhaps it is trying to reflect that fundamentally the economy is not doing well.
Political is because of Russia and the Middle East. The other more worrying part is the fundamental of the economy, if oil price stay very low mean there is no demand. Inflation wont go up. QE and low interest rate environment will stay. Then soon deflation will set in. These are very bad for anything that exist.
Review from last week trades:
I am right on stock market, oil, Gbp, Yen
I am wrong on Euro
I did not go into Aud, Nzd, Cotton and Gold
current open position
Long stock market
This coming week
Gold - The overall trend is down. On Friday again, it had a big up day. Let see more closely the movement of this metal. It might change from downtrend to uptrend. My take is it will stage a rebound then come off and creating new lows again. But i am always wrong so take it with a pinch of salt.
Oil - Trend is down. The look of it is that the down move will continue.
Stock - Current price is somehow resisted. It is still in a uptrend. So let see if there is a dips. If a dips happen, i would prefer to add more position on the long side.
Currency - Most of the currency like Eur. Gbp, Nzd, Aud, Yen are in a downtrend. i will be still be looking for the down side in all of them. Waiting for setup to formed. The weakness of dollar on friday create a better setup for the other currency. Until the trend change i will stay short on these risk currency.
cheers folk
