The Dollar Index was in a small range between 92 and 95. It has broken down below 92. As we have mentioned before, a weak Dollar is great for Emerging markets, Equites. See the long term chart of the Dollar…
Month: December 2020
Bitcoin at all time high, Target 30K
Bitcoin has broken out of the previous high and is now in unchartered territory. This is very bullish. Breaking out of a multi month base is very bullish for an asset. So what is the target for this move? If…
Commodities looking Bullish
Commodities have had a bad spell in the last 12 years after making a top in 2008. That trend could be reversing. The CRB index has claimed an important support line which was basically the 2016 lows. Also we have…
Copper is extremely bullish
As updated earlier in this blog, Copper was setting up for a bullish move. The move has picked up pace and looks set for further bullish gains ahead. See the chart below: The chart still has some work to do…
Bitcoin faces short term Resistance
Bitcoin faces short term resistance at its previous high. See the chart below: The move in Bitcoin has surprised all and rewarded long term trend followers. Now it is facing resistance at its previous peak. It might consolidate here a…
