Markets forecast for week June 4th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

▼ We were right again last week, forecasting another leg down.

This week it is less clear as we are touching some supports. If you look at Bonds below, they are going parabolic. We are near capitulation. But the chart is still showing some room above. So for next week, I think Indices and $EURUSD can still go a bit more lower, but maybe not in a straight line.

So the good thing is for long term investors. I started new position on COFFEE $JO and COTTON $BAL. Looking for COCOA, URANIUM and even CRUDE but only if we go very low.

$DANG is not far my entry point around 4. $GMXR already made good trades on it, but hoping a lower price for heavier swing entry. QUESTERRE ENERGY $QEC.CA $QEC.O (Canada or Norway) is moving on volumes those days. Risky long term bet but a good one.

Our Forex robot is suffering with this 10% drop on $EURUSD, and loosed a part of its 50% gain. I closed already some pairs and will try to close all, as I have a new version to install.