This publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023. Good or bad, y'all be the judge. But here's what ChatGPT said... As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural...
Looking at the Goldman Sachs Commodity Index and how the prices went up dramatically from the Covid lockdown, i would say that there is still room for a final rally, before a major correction in 2024. The chart is self-explanatory. Looking forward to read your opinion about this.
GSC - Goldman Sachs Commodity Index - Bullish UpTrend intact. Broken red long term DownTrend line. Reverse yellow Head & Shoulders reversal pattern. New Green UpTrend line being adhered too.
GSG (GSCI) - Faces serious resistance and divergent RSI Red line, once support, become resistance since 2015.
The GSCI index has just broken out
Bullish factors: Chinese demand + lagging CAPEX, EVs, etc. This is the biggest triangle I have ever seen. 13-year-long!
The commodities/stocks ratio is now at the end of its bullish downward wedge pattern formation and about to breakout in the next year or so. This will be highly inflationary and will lead to the next commodities bull market. You'll want to be in commodities, rather than stocks during this period.
1. DXY is in downward correction, and should make another 6%-8% down to the levels 90 by June 2020 (or 92 by September 2020, the faster the decline, the deeper the correction). The decline should form 5-waves. This is a technical requirement for 4th wave correction of the previous USD rise taken place between 2014-2017. The price is in divergence with RSI for a...