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Monday, 1 August 2016

Highly Advanced Technical Analysis of FTSE ST Oil & Gas Index: 1 August 2016, Monday, 1.58am Singapore Time

FTSE ST Oil & Gas Index: 
1 August 2016, Monday, 1.58am Singapore Time

Highly Advanced Technical Analysis:

If you see this set-up of a very long bullish engulfing of everything before it, followed up with a very long bearish engulfing, it means the market (for oil and gas in this case) is ready for a long term reversal to bullishness but in the short to mid term (6-9months), it is not ready for the reversal yet. This means a final bottoming phase is in place for the oil and gas sector/stocks worldwide during this 6-9 months from February of 2016
This is smart monies' testing of the market.

<< Inter-market Implications >>:
Oil currencies, Russian Ruble, Commodity currencies, Emerging markets' currencies, etc will start to gain strength for 2H-2016 and 2017. USD will correct down in 2H-2016 and 2017. Commodities will rally in 2H-2016 and 2017 because crude oil as the weakest link in the commodity pack also starts to bottom for strong dead cat bounce counter-trend rally. Stocks-equities markets worldwide will rally in 2H-2016 and 2017.


7 comments:

  1. Hi Donovan,

    If we buy the commodities in USD, and USD depreciate. Then will any gains in commodity be reduced unless you are saying the magnitude of rise in commodity will be much more than the depreciation of USD?

    Pls let me know your thoughts?

    Warren

    ReplyDelete
    Replies
    1. Prices of commodities will way outrun any depreciation of USD.
      This is all taken care of by the natural market mechanism.

      Delete
  2. Any insights on minor oil operator counters such as RH petrogas and kris energy which have been falling past 2 weeks ?

    ReplyDelete
    Replies
    1. Because they are going down in accordance to the crude oil market's inverse shoulder-head-shoulder. Crude oil is currently making the right inverse shoulder.

      Delete
  3. Hi Donovan,

    Would like to seek your view and insight on SGX small listed oil operater such as RH Petrogas & Kris Energy who have been seeing steep declines past 2 weeks ? Any idea if they will be part of the rebound or the BB are accumulating over the fall in price ?

    ReplyDelete
    Replies
    1. These stocks are going down in accordance to the crude oil market's inverse shoulder-head-shoulder. Crude oil is currently making the right inverse shoulder.
      These oil-related stocks will make a larger rebound together with stocks across the board in 4Q-2016 and 2017. These stocks are considered weak stocks, hence they will often move only after blue chips and quality mid caps have moved first.

      Delete
  4. Where can we learn the real TA to trade and analyze like you?

    ReplyDelete