Saturday, March 24, 2012

Markets forecast for week March 26th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

▼ Bearish for next week on indices. Even if we are still in the wedge, next week will be end of month, end of quarter, and some big players will take some profit off the table. After last counter trend Friday, maybe a bullish Mutual Fund Monday, I am expecting a down or range week.

$EURUSD went out off his bullish wedge as expected, but will stay in the range 1.3-1.35, with a bullish bias. Perfects for Forex robots.

Coffee $KC_F or $JO weakened a bit. But as you can see on the last weekly chart, we arrive at a conjunction : 2 bullish wedges, a rising channel and a support ! If we all this together we go lower, I stop chart analysis ! ;-)

Our Forex robot still looks good, but unfortunately we did not found yet PAMM accounts that we could recommend for sharing it. All are in exotic, financially risky countries. The only way would be through a managed account.

Shale Gas and fracking are on the media those days. Good for us. We still have shares of QUESTERRE ENERGY (Canada and Norway). Hard to imagine that we pay so expensive crude, as we have so much cheap and clean shale gas everywhere in the world...



 

 

No comments: