I did not expect that I will be able to turn up for Mr Ashraf Laidi’s talk last night. And I will regret it if I’d missed it. Mr Ashraf Laidi is the Chief FX Analyst at CMC Markets. Go on, google for his name. He is all over Google’s first page of results.
Well, he did not mention explicitly (he is not allowed to anyway), but the evidences he showed the crowd all points towards rising oil prices, failing USD and failing S&P500. The following are the main points:
- VIX at a low
- Oil supply has maxed out, demand is still increasing
- War is likely
- 50 and 100 weekly MA bearish crossing (last bearish cross is during 2001 dotcom bubble burst)
Targets are $150-$160 oil, 1.70 EUR/USD and 1250 S&P500…
Analysis, strong fundamental and market historical knowledge aside, Mr Laidi is a fantastic presenter when presenting such a dry subject. His humourous and black-joke-style managed to keep me awake throughout the session, which went way beyond the stipulated timing due to crowd interest. Great (and FREE!!!) learning session!
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when you say oil 120, do you mean you are bullish abt the market?
jmot is Joy Mastery Options Trader. Joy Mastery is named after my lovable daughter, Joy. A trader is what I aspire to be. The only way to be truely satisfied is to do what you believe is great work and the only way to do great work is to love what you do... - Steve Jobs I love trading!
question is when ? max draw down? probability?
Let me give u mine with out the above
Oil 120 ( don’t believe me, when it reach the price u be sorry, sooner or later) hahaha