Narnos

Narnos

Gold corrected last week, likely suppressed by strength in DXY. I believe we will see upside this week (that I forecasted last week), some key levels below us at 1835, don’t see much resistance above and WPH is a rather limp forecast at 1863. Should DXY catch a surprising bid, it will very likely weigh on Gold and my expectation of upside this week.

Narnos

BTC did move down as forecasted last week, going further than expected, but it failed to provide the bid. It has yet to show it’s turned the corner so I cannot rule out further downside from here. Although early, it appeared it may have turned last night, however it has been particularly weak this morning. If it breaks last weeks low around 55700, then we are...

Narnos

Brent has been particularly kind to me, falling almost perfectly in sync with my general direction forecast arrow. This week I am expecting much of the same, WPL is around 76 and it also happens to be where a trend line from 2008 is. I don’t pay too much attention to trend lines, as I could just as easily draw a slightly different one depending on my...

Narnos

Last week’s forecast was expecting a new ATH, continuing the strength we saw following D3 down and a strong close into Friday 12/11. The week proved to be more volatile than expected, trading up and down but ultimately finding a new ATH on Friday and immediately stopping at DPH and WPH erasing most of the gains for the week to close slightly up. Now it seems...

Narnos

Week after week I forecast weakness in DXY and it continually moves higher proving me wrong again and again. This week is no different, I think there are risks with regards to covid and more lockdowns in the northern hemisphere that could provide more upside for DXY, however even if it does move higher, I still remain bearish. Very short term it looks like it...