Short Term Market Forecast

By Online Guru Trader | Blog

Feb 15

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.

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