Monthly Archives: February 2019

Feb 15

Short Term Market Forecast

By Online Guru Trader | Blog

A 𝗰𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻 may likely happen in the next week or two for the US stock markets. Dow Jones currently at 25300, to test a level below 25000.

Crude oil may continue to go up. It has 𝗴𝗼𝗻𝗲 𝘂𝗽 from 51.45 since my previous post to the current price of 54.93. It may continue its upward move to test the previous high like I mentioned in my 𝗽𝗿𝗲𝘃𝗶𝗼𝘂𝘀 𝗽𝗼𝘀𝘁 𝗼𝗻 𝘁𝗵𝗲 𝟭𝟭𝘁𝗵 𝗙𝗲𝗯.

Gold currently at 1317, may see some selling pressure so I am 𝗺𝗼𝗿𝗲 𝗯𝗲𝗮𝗿𝗶𝘀𝗵 on the metal. Immediate level to test if gold were to go down is 1300.

These are just views which I will follow to look for opportunities to trade. I will be looking at some shorts on US stocks too.

Feb 11

Results of my crude oil forecast done last month

By Online Guru Trader | Blog

My facebook and blog post on the 9th of January here forecast crude oil to test $55 – $60 and it did surpass $55 on the 31st of January.

It has corrected a little.

This gives us an opportunity to look for long trades this week and next as there may be another wave to go up and may even break through the previous high of 55.75 set on the 4th of Feb.

I may not be right all the time but I will stick to my analysis and forecast and cut if I am wrong.

Let’s see how this goes.