Movement last week on the FTSE 100 made us very much interested in our Forecast Scenario 3 (the RED line scenario) and there’s something in it for both Bulls and Bears! We can now see an interesting long opportunity which may come into play between the last week of March 2021 an the middle of May 2021. This is very interesting for a number of reasons: It hits our “super… Read More »FTSE 100 Forecast Update: February 28 2021
Brent crude oil hit our short entry zone on the 17th February. If you follow us on Twitter you would have seen us tweet “We are interested in 6470 ish – on #Brent – within next few days” – it hit $64.88 on the 18th then fell to around $61.50. Our current cycle analysis combined with our indicators shows the potential of Brent Oil finding some support between current levels… Read More »Brent Crude Oil Forecast Update: February 21 2021
Gold has fallen by 200 points since hitting our 3rd short entry zone on the 8th January. We had hoped that gold would find a short term bottom at around 1700 on the 5th February to head into what could be a strong short term cycle – THIS DID NOT HAPPEN. Instead, Gold confirmed upper resistance on the short term trend and a subsequent fall below 1775 raised alarm bells… Read More »Gold Forecast: Update February 20 2021
Yesterday the FTSE 100 hit 6800. If you went long at our previous entry point you will be between 300 and 400 points up. We still have three scenarios “in play” and each of them is equally likely in our view. Over the next few weeks we are likely to see some choppy movement on the FTSE 100. Our current analysis shows that the FTSE 100 may hit zone 1… Read More »FTSE 100 Forecast: Update February 17 2021