18/12/2020
💫🎄 The time has come for a final before-Christmas review of the projections we shared with you beginning of this week.
➡️ If you have missed them, you can check and compare them here: https://www.facebook.com/dmtradingbg/posts/3834088683288177?locale=ru_RU
🛢🔺 Against our expectations, Crude Oil continued going up reaching to the $49.00 mark this week. This movement did not allow us to take any actions on it, since the uptrend is at a very late stage and it would be too much of a risk to open a Buy position here, considering the gains might not be that sufficient especially if a correction begins.
🔥📊 After the nice bullish gap on Monday, the price of Natural gas entered a consolidation stage. We were expecting a continuation of the newly formed uptrend further, but it was not meant this week. However, we believe that the potential here is huge as the price managed to break through the previous bottom. We see it easily going to $2.83 in the upcoming trading days.
💰🔺 The gold price has set a very elaborate trap on Monday after starting the week with a short downswing, but quickly reversing the movement and going up for the rest of the week. However, we did not jump on it with a trade, the bullish movement throughout the rest of the week was not according to our plan, so we stayed away from it.
💸🔺 And finally the DAX30 over performed this week. We were expecting a slight increase in the price and possible continuation of the range formation, but instead, the DAX just exploded going through our first target at 13400.00 and reaching all the way to 13700.00. There were some great opportunities on the lower time frames here and we hope you’ve managed to catch them.
🇨🇦🔻 It seems we have a good eye for the Forex market. As expected the bears pounced on the CAD/JPY price pushing it below the 81.25 mark, which triggered additional bearish pressure. We were expecting the price to drop to 80.50, but for now, it managed to get to 80.90. However, we are positioned here and we’ll hold our position in the first days of next week as we expect our target to be reached.
⛏💥 Well BTC and ETH are bringing the Christmas presents this year. Quite unexpected for us both assets went on a bullish rampage with BTC breaking the $20k mark (highest point ever achieved) and reaching the $23k mark. ETH managed to go over the previous highs at $616 and exploded almost to $680. However, it will be good to be cautious now, since a correction might be starting soon.
⚙️🔺 The tokens we are following also made a nice swing up following behind their father - ETH. ALEPH jumped from $0.13, to almost $0.20 mid-week thus giving us a 50% return on investment in just a week. REN had a slight increase to the $0.31 mark, missing on our target at $0.32, before going back down to the Monday levels. LINK made a brief push above the $14 mark, but quickly retraced back to $13.41 still gaining 7% since the start of the week.
✈️🔻 As expected the airline sector lost some of the gained value, with stocks going down this week. However, the drop was definitely not steep, which is a good indication for the overall sector. We believe there is a lot of potential here, so 2021 would be entirely focused on that sector for us.
🔥🔻 LNG (Cheniere Energy Inc.) price continued moving down after the Monday bearish candle as expected. However it still hasn’t reached the point where we expected, but this will most likely happen throughout next week.
🛍🔺 REAL (TheRealReal Inc.) price has surprised us quite well this week. After going over the $16.20, the price of the stock skyrocketed as we expected. The only difference was that we expected a bullish move to $17.50, but instead, the price briefly touched the $20 mark. Here if the $19 price level is broken we can see the stock value continue rising at least to $24.
🖥🔺 VMW (VMWare Inc.) price fulfilled our expectations after the break of the consolidation formation on Monday. The price continued moving up throughout the week and although it has not reached our target at $151.20 it has generated us some nice profits. Still, we expect the stock value to continue rising to that target level, so for now, we’ll keep our position.
🙌 This is all for this week and for this year! Our team would like to wish you very happy holidays ahead and make sure to take your rest as we’ll be back after New Year for more market battles! 🎄🎁
🎄 A final full week before the holidays hits us, so we’ll have to extract the maximum of what the market offers us. This is also the final week we’ll share predictions at least for this year. So without further ado let’s dive in!
🛢🔻 The price of Crude Oil is still climbing although we can see that the uptrend has significantly slowed down. It seems that the price is also standing at the top end of a strong resistance zone. Considering the exhaustion of the bulls which as we mentioned is already seen on the chart, we might see the Crude Oil price going for a correctional wave this week. We’d expect it to retrace at least to $44.35, so we’ll try to catch it on the H4 time frame.
🔥🔺 Last week during the review we’ve shared with you that we will open a position on Natural Gas expecting a gap to the upside on Monday and this is exactly what happened, so we’ve already managed to bag some profit there. We believe that the upswing will most likely continue throughout this week and a possible target could be $2.83.
💰🔻 Gold is starting the week with a slight decline. It seems that the price has reached a resistance zone with the move last week and it might be headed down again this week. There is a strong possibility that we’ll see another drop to the last bottom at $1825.00, so we’ll try to take advantage of such a move.
💸🔺 This week we might see a slight increase in the European indexes. As we mentioned before, we are monitoring the DAX30 and we expect to see a small bullish movement back to the last tops at 13400.00. Although there is not a lot of breathing room in the current range, we’ll look for some opportunities on the lower time frames like M30.
🇨🇦🔻 We are spotting another great opportunity on the Forex market in the face of CAD/JPY. The pair has reached a very significant resistance zone marked by a few tops, which could only mean one thing - the bears will be joining the market soon. Currently, the price is forming a small consolidation, but if it goes below the 81.25 mark we expect to see a further stronger decrease to at least 80.50.
⛏📊 BTC and ETH prices continue to range on the daily time frame and will most likely keep that formation over the course of this week. We might try to extract some value there by trading the range, but overall we don’t expect much.
⚙️📊 Same goes for our tokens portfolio. As we know the prices of tokens are highly influenced by the price of the major currencies - ETH and BTC. Most likely we won’t see a lot of movement there this week, however, it is good to note that there is some value to be made. ALEPH is currently standing just below the $0.13 mark and we expect it to go back to the $0.15 mark soon, which could potentially yield you around 15% profit. REN dived to $0.285, but a potential increase to $0.32 could be expected - another good opportunity. LINK has also lost a bit of value currently standing at $12.53. We might see a further decrease here to the $12 mark, but after that, we expect to see another bullish movement.
✈️🔻 The airline companies are starting the week with a negative note and after the strong bullish movement of last week, we’ll most likely see a decrease in the stock's value here, so either make sure to catch that movement with a short trade, or prepare some funds for buying once the drop is finished.
🔥🔻 LNG (Cheniere Energy Inc.) is starting the week with a strong bearish candle. It seems that the price hesitated for a while around the $61 mark and it is time for a correctional wave. We might see a drop here back to $56.30 in the upcoming weeks.
🛍📊 REAL (TheRealReal Inc.) has managed to make another attack at the $16.20 level today, but it seems that it might be another failed attempt. Still, if we see a break of that level we might see the stock price skyrocketing to $17.50 in a quick manner. Overall the chances for a correction here are higher, so we’ll most likely see a decrease back to $15.25.
🖥🔺 VMW (VMWare Inc.) stock is giving us a great signal today. After consolidating for a while the price has been pushed above the top of that formation today, which could trigger additional buying pressure throughout this week. We’ll most likely see a continuation of the newly formed upswing all the way to the $151.20 mark.
🙌 This is it from us! We hope you’ve managed to catch some of the opportunities last week and our team wishes you a happy and profitable week ahead!