, 13 tweets, 11 min read Read on Twitter
Good morning! 😀Trust you are well! Some interesting developments in markets. I will provide my perspective here in #HZupdates
#Oil has strong influence on price development (inflation). Seems to be developing in Ending Diagonal. We may see wave (B) develop as a triangle - before next move down towards target <20 USD #HZupdates
Similar pattern in ##Commodity index #CRB. Consolidation below trendline. Next major move should send #CRB much lower. This is deflationary #HZupdates
#Copper has been bouncing - and should turn soon - if we are not to see an even higher bounce. LT-target is below 2008-bottom.
#AUDUSD has also been bouncing - testing important level (in yellow). Could bounce more before the pair continues toward LT-target <0.5 #HZupdates
#EURUSD could ST bounce more as the pair pushes through area of strong support (see yellow areas). LT target remains ~<0.91 pot. to be reached at some point next year (Q1/Q2) #HZupdates
#SP500 and #equities have been rallying - and last week's candle was not necessarily a topping candle. Hence, we could still see throw-over of Ending Diagonal (black path) before we crash lower. Observe CLEAR neg. divergence, since early 2018 #HZupdates
#10YRYield may suggest that we could see a period of Risk-on - which somewhat is supported by pot. bounce in some of the inflation gauges. Yield may well reach top of consolidation area before Fed steps in. Could we see yield bounce while #equities drop? #HZupdates
As yields jump, PMs - here #Silver - may get hit hard. Observe on Weekly chart how RSI has only been >75 few times - which all have been major tops. Will this time be different? We have had a CORRECTION in triangle since 2015 - now target ~8.4 #HZupdates
Same goes for #XAUUSD #Gold. Will get hit hard. LT-target ~890, which is 61.8% Fib retracement for the 1999-2011 rally #HZupdates
As #Yields bounce, we may see #Bitcoin get hit hard as well. Is it shaping up a major triangle? However, all the Bitcoin dooms-sayers will be surprised by the magnitude of the coming rally. This pattern suggests extreme upside following some more weakness #HZupdates
#Gold's decline will be tough on #Miners. Like all commodities, the price development since 2015 has been a mid-way bounce. Now last phase of the decline PMs sets in #HZupdates
All for now! Interesting opportunities ahead - but also very challenging times. Take care! #HZupdates
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Henrik Zeberg
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!