13/03/2021
💫 A week has passed and it is time to review how our predictions performed.
➡️ If you missed the predictions post and you’d like to cross-reference it with the review you can find it here: https://www.facebook.com/dmtradingbg/posts/4068221303208246?locale=ru_RU
🛢📊 Crude Oil failed to enter in a downswing move as we anticipated this week and in general remained stable. We’ve mentioned Monday that the price can enter in a consolidation period, so we’ll likely see that consolidation deepen throughout next week. However, we’ll review the price behavior on Monday and we’ll decide how to approach this market.
🔥📊 So far the price of Natural Gas has failed to go below the $2.55 mark. Over the course of the week, it remained quite stable and we saw a short bearish move on Friday. We still believe that the price has entered a strong support area, so we’ll review our options on Monday, but in general, we remain bullish.
💰🔺 As expected Gold price failed to go below the $1670.00 support area, which caused the price to shoot up over the course of this week. Currently, the commodity is standing at $1726.00 and we expect our initial target at $1770.00 to be hit throughout next week.
💶🔺 Our expectations for a dive in the price of EUR/JPY were missed. The week started slowly for the pair, but at the end of the week, we saw significant bullish pressure which caused the price to move up for a new high. This was not the scenario we’ve been looking for, so on that market, we remained on the sidelines.
⛏🔺 The crypto markets and especially ETH and BTC continue to amaze us. Against our expectations, both assets gained more value this week. BTC briefly touched the $60k mark which is a new record. In general, ETH remains below its highest point from a few weeks ago and we don’t expect it to go above the $2000 mark anytime soon.
⚙️🔺 On the token front LINK price has remained quite stable and after some ups’ and downs’ finished the week close to the Monday prices. We expect to see a possible downswing here before another wave-up is generated. Similar situation for ALEPH, which price made a couple of swings, but also finished the week close to the Monday prices. But our gem for this week was definitely MATIC, which was standing at $0.21 at the beginning of the week and is now hovering around the $0.415 mark. We’ve mentioned that we expect an increase to $0.40 or $0.50 here, but we did not expect it to happen that fast. Anyway, congratulations to those who managed to grab that 100% profit! Keep in mind that we might see a decrease in the upcoming days, so we advise you to secure some of the profits.
✈️🔺 AAL and DAL had a pretty good finish of the week. Both stocks gained some value this week and although it was not huge it shows a possible recovery starting. Lufthansa, on the other hand, lost a bit of value, but in general, we believe this sector has a lot of potential ahead and we expect to see a further increase in the stock prices throughout next week.
🔥🔺 LNG continues to perform well as we anticipated and is standing just above the $75 mark. As we mentioned we expect to see a further increase to the $80 mark before making a slight correction.
🛍🔺 REAL price has bounced off the support we mentioned earlier this week and has gained a bit of value throughout this week. Although the bullish presence is still not what we expect, we’ll probably see a further increase in the value of this stock.
🖥🔺 VMW price has made a nice swing up this week and finished the week at some previous tops around the $148 level. A possible break of that area could lead to a further increase in the stock price up to $156.
🙌 With that, we conclude our review. In general, we are happy with the performance this week, especially in the crypto sector. We’ll see you again on Monday for a new dose of predictions. Until then our team wishes you a nice and happy weekend!