financial markets

The beauty of fundamental analysis

The beauty of fundamental analysis is, that despite all the calculations, the price of an asset can move in the completely opposite direction :)))
See, which says something from the fundamental analysis of oil on 2010 year.

According to the EIA, global consumption in 2010 year will grow by 1.1 million barrels and will remain below its peak.

Now let's see., what the OPEC countries will produce at 2010 year, more 4 million barrels., which by the way , above average 2.8 million in a decade . But oil still moves up, till.

Not all , what glitters- gold!….

 Everybody screams gold, gold !!!
In fact, in 2009 year, many commodities added significantly more in value, than gold.  Consequently, the following representatives of the commodity market shone better:












Evening update

 Looks like , that the Christmass presentation took place not only by the index, but also on copper, and oil has rebounded quite well lately.

Oil

Oil reserves data turned out to be bullish AND the expected rebound to 73-75 in progress.An additional bonus for the Russian market.

Intervention

From some sources, the reason for the dollar rebound was the possible intervention of the Bank of Japan and the Bank of Switzerland..

Oil comments

Stock data is better, but not so much , to scream oh-oh-oh

Sweet pattern

Such beauty cannot be missed. Solid classic.

Exiting the formation may result in 20% movement. Breakdown is coming. Hope not to miss.

Yes already

Yes already! What can i say. Economic data from Japan has sparked risk appetite and again we see a weak dollar and SPX knocking on ” ceiling” 1100. As a consequence of the weak dollar, both copper and oil are decently positive. It is worth noting, what is the BDIY index, which has been forgotten recently again showing growth in the last couple of weeks.
Don't forget, that the week is expiratory and volatility surges are possible on any day. As I said earlier, awaiting the permission of this formation to 20 november. Either a negative TOP will still be drawn, or we get a new local high. I find it difficult to predict anything before 20 november. I will trade with “list”.
I also want to note, that usually TOP is not formed in one “day”.

News update

The trade balance increased and this was reflected in the weakening of the dollar. Then you already know the reaction of all other markets.. The question remains to what extent this will give the bulls strength after a technical hit.
MIchigan Consumer Confidence Ahead, so volatility is ensured!

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