Global headwinds for copper?Copper has attempted a rebound from technical oversold levels in recent days, following a 20% drawdown from its all time highs, thus officially entering a bear market.
Is this an indication that investors have already priced in a global economic downturn and that the worst is now over?
Or are we merely experiencing a copper bear market rally, with further declines to come?
The previous days have acted as a relief rally in all assets that had declined in recent months. That's because interest rate fears cooled as inflation peaked. The market is beginning to believe that the Fed may not go all-in with rate rises and will thus need to release the brake to prevent more damage (a recession).
However, the most significant concerns associated with copper, particularly Covid-19 in China and the negative repercussions on global growth, have not dissipated.
If current geopolitical and economic challenges, such as Covid in China and the conflict in Ukraine, derail globalization efforts, copper prices may face further headwinds in the coming months as trade flows stall due to a drop in global consumer demand amid real income losses.
Copper prices exhibit an extraordinarily close link with South Korean exports ECONOMICS:KREXP — one of the world's most open economies and a gauge of the health of global trade flows.
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WAR
Lockheed Martin This is a long shot as the war is not over air warfare which is the specialty of Lockheed. However, the increase of its drone manufacturing capabilities could grant it a lot of governement contracts. If Putin boosts the Ukraine conflict from Special Operation to a declaration of War, I expect a lot of upside for Lockheed; specially Drone warfare division.
XAGUSD LONG TO $34It seems like all markets are currently going for deeper corrections indicating some choppiness in the short term. Overall, medium term I am still expecting Silver prices to soar towards $34-36.
Gold will also follow this route as they correlate positively. They’re both currently just facing deeper corrections then expected.
Drop a like if you agree and follow my channel! If not, do let me know what you think.
WAS WeStarter Reversal ?WAR WeStarter is showing some strength in this sea of red.
Today was up 7%.
It was oversold, close to all time low level.
$0.40 could be a reasonable target for this year.
Looking forward to read your opinion about it.
Fake Breakouts everywhere Fake Breakouts everywhere , in my opinion due to the fear + feds + war + inflation.. Bitcoin will drop to 32K and only then will start the way up again, this days Russia is ready for massive attack on Ukraine witch can lead again to Mega fear , Gas and Oil prices .. be safe trade safe.
Buyers.. the bear market is not over ..False breakout of the order block there where it stopped the bear is showing there strength.
Russia is planning to invade another country, China is planning the way to invade Taiwan.
Also USA.. still going to recession and inflation is going 8% higher now.
Everything is mixed up and the bears aren’t done yet its not over.
The very bad news is Russia is about to declare war against Ukraine , NATO & USA. WORLD WAR III is Near.. brace for May 9th.
XAGUSD LONG TO $36.00I am predicting a major breakout to the upside for Silver in the coming months. Unlike Gold , Silver is still very cheap to buy into currently and hold as a long term investment. Gold & Silver are both following similar directions and are bullish for the foreseeable future in order to complete the final wave of the overall bullish cycle. Fundamentally, the government & media constantly talking about inflation soaring, will support our Silver buys.
On the bigger timeframe, Silver still has to complete Wave 5 of the bullish cycle before we can see a multi year downtrend start. Of course we won't see a straight line up, so we will see Silver move in waves to the upside in a 3 wave cycle. We have just completed Wave 2 of the correction, or just about to with a slightly smaller drop. But overall, Silver is getting ready to rocket to ALL TIME HIGH'S! 🚀
WAR WeStarter at all time lowThe first financing of WeStarter (WAR) was completed on April 15th 2021, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
Continue Capital also invested in Cosmos ATOM, ChainLink, Polkadot , Tezos, OX, Near, Graph. Algorand, Certik, Zilliqa , Hedera Hashgraph, Fusion and many others.
The project looks legit, under 1mil in market cap.
URANIUMWhere is the world heading to?
Nuclear energy? hope that's all.
Since march 2020 crash, URANIUM has not stopped rising in value (+354%), and since December 2020 volume has began to rise significantly.
There is high probability that it will reach new highs, from 35 to 60 usd, during this year 2022.
As my XAR analysis, I really hope I'm wrong this time.
Check my XAR analysis here:
Peace&Love!
SolMar Traders.
FTSE UK100 could go downWe have not very good situation with inflation
Still there is a war
All major indexies had bigger corrections but uk100 has not
and of course we are going up and hitting to ATH resistance soon
so in my opinion the price could drop a little bit 2-4% to the downside.
we will see, it's not a recomendation but I'm curious what do You think. It here any other 'someone' who is shortin this index? hm.. ?
WAR at all time lowWAR WeStarter is a cross-chain token initial swap platform which selects high-quality crypto projects that need fundraising before listing to major exchanges.
The first financing of WeStarter (WAR) was completed on April 15th 2021, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
Continue Capital also invested in Cosmos ATOM, ChainLink, Polkadot , Tezos, OX, Near, Graph. Algorand, Certik, Zilliqa , Hedera Hashgraph, Fusion and many others.
So the project is legit.
Under 1Mil mk cap.
GOLD to 1400???"The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles" - The Conversation 05/04/2022
Announcement: 5000 Rubles per gram tied to Gold! - As of March 28 2022
Just an insight of how this may impact the price of Gold:
There are 28 grams in each ounce. 28 grams for 5,000 rubles per gram is 140,000 rubles.
When we analyse the conversion rate of rubles into US dollar; 100 rubles, 90 pounds, for each US dollar.
If the rubles are tied to gold at 5000 rubles per gram, and there are 28 grams per ounce, which means that an ounce of gold would cost 140,000 rubles, then the conversion into US dollars means that gold costs 1400 dollars per ounce when used the rubles, instead of 1,928 dollars by ounce using the dollars.
Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.
People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it.
Now, when we look at price we can see key reversal signals with strong Demand zones around 1550 and 1400. Personally, I believe these levels will be met!
EURUSD W1 - Chances of an upward correctionFor now, the trend line has stopped the bears.
The 1.0800 level remains a very important support for the bulls.
At the moment, we already have an 84% chance of a 50p hike in the US in May - this is already in price
It seems that this support should work and we may be dealing with an upward correction.
Of course, unforeseen events in Ukraine may pose a significant risk to growth
EURGBP bearish scenario:EURGBP runs lower yesterday. The EURGBP is following the EURUSD's move and in the process has shifted the bias back to the downside. Investors remain worried that the European economy, which relies heavily on Russia to meet its energy needs, will suffer the most from the spillover effect of the Ukraine crisis. But Bank of England had softened its language on the need for further interest rate hikes should act as a headwind for the British pound and help limit losses for the EUR/GBP cross.
In this pair, technical analysis shows a technical figure Rising Wedge. The Rising Wedge broke through the support line on 06/04/2022. EUR/GBP is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 11 days with a target of 0.82025. According to the experts, your stop loss should be around 0.08513 if you enter this position.
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WAR WeStarter all time lowWant to buy something cheap, at all time low, which can explode anytime soon?
The first financing of WeStarter (WAR) was completed on April 15th 2021, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
Continue Capital also invested in Cosmos ATOM, ChainLink, Polkadot , Tezos, OX, Near, Graph. Algorand, Certik, Zilliqa , Hedera Hashgraph, Fusion and many others.
WAR WeStarter is a cross-chain token initial swap platform which selects high-quality crypto projects that need fundraising before listing to major exchanges.
It was launched in May 2021 at $2. Due to market conditions, the price is now $0.04 and the market cap is less than $1 million.
A similar incubator is SFUND Seedify, has a mk cap of $115Mil.
So The upside potential is 115X from here just to reach SFUND`s market cap.
Extremely low circulating supply, with few thousands usd, you ca substantially move the price.
The RSI shows a massive bullish divergence . Increase in volume while decrease in price. Oversold area!
Minimum upside potential is 10X in my opinion.
Trendline support for OilOil is back at a very strong trendline dating back to Q4 2021. Brent Oil has seen flows in and out by speculators as they assess the damages caused by the russian invasion.
This weekend, social media was filled with horrific videos and photos of the damages and a trail of murder of unarmed civilians in Bucha, Ukraine by russian troops and this could push sanctions against Russia even further affecting energy prices.
On the other hand, last week, the US has signaled a release of oil from the strategic reserves to ease supply and lower the price of oil. The price is yet to reflect this on the global oil prices and we will see this come into focus over the next two months.
In my opinion, I expect Brent to drift higher in April but it is unclear if the price will cross the highs reached in the last quarter.
Should the price drop below the trend line, the 50 day MA will offer some support and I will be monitoring on the sidelines.
Bitcoin Capitulation May 2022It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round?
It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days since the cycle top April 2022.
The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data.
ibb.co
Its important to note that Bitcoin has never closed a weekly under the 200 weekly moving average but has wicked down twice below it on average 30% , so a worst case/black swan scenario would take Bitcoin down to as low as 14k and close that week at 22k coming May 2022.