Often write and ask about, where will the euro go, oil, etc.. Therefore, I will express my point of view at the moment on a number of instruments. В приципе, everything is now tied to the dollar, so that the forecast for the dollar, taking into account the known correlation, makes it possible in parallel to assume the most probable development of events for all instruments, with the exception of some distinctive…
so: eurusd down. I wrote about 2 black crows. And the fall continues. It's not about Ireland, Iceland and other -land. Maybe, я становлюсь больше фундаменталистом, than a technical analyst and consider the situation on a global scale based on that information, which is available to each of us. The dollar has been predicted to die for years 100, and he is more alive than all living. But the euro – young currency, European Union – lopsided creation, with many problems and nothing better than other unions, scattered around the world. He cannot compete with world leaders.. that's why i think, that the euro will continue to fall further.
Together with the eurodollar, other pairs will fall in conjunction with the USD: pound, yen, etc..
Oil will go in my opinion to 74 minimum, and maybe they will reach 69 dollars per barrel, although at the moment it keeps support on 80. Don't ask, where are these numbers. Out of my head, where else.
Wheat is likely to return to 4 dollars in the next couple of months.
Gold and silver are a strange picture right now, as if the buyers had found the only source, which, in their opinion, is justified for entering long positions. I can't argue, but here I also expect a bearish development of events, but it is with these tools at this stage that I would be careful. Bulls could push prices even higher. Strongly we will not run into metals in sales. However, I keep short for now.
Что еще…
Indexes also look down in my opinion. I will catch the same ES on 1100 and below, с ним DAX, SP500 and all classmates.
Good luck and profits!
