Bitcoin in Bearish Trend, but May be in Last Stretch
(Kitco commentary) - The decent trade below $27,275 (-10 tics per/hour) warned of additional pressurewe have seen $7,675 so far. However, I would caution that we are likely in the last stretch of the structure from $48,475 down, and I would be monitoring possible exhaustion areas below.
Gold is in Consolidation, Testing Bearish Formation
(Kitco commentary) - In general, I expect lower trade before (if) seeing any substantial upside gainsa solid break above $1,886.5 (+10 tics per/ DAY) would change this outlook and warn of higher trade for weeks.
Crude oil likely in lower timeframe last stretch down before bullish correction 6/22/22
(Kitco commentary) - On 4/29/20 we left a bullish reversal belowwe have seen $115.13 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $107.05 from $23.45. We held exhaustion below with a $34.04 low and rallied $96.46.
Natural gas is medium term bearish, but likely in last stretch before bull correction 6/22/22
(Kitco commentary) - The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks.
Crude oil is bullish, but unleaded and heat below bearish formations short term 6/9/22
(Kitco commentary) - On 4/29/20 we left a bullish reversal belowwe have seen $115.13 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below.
Natural gas is projected lower 6/9/22
(Kitco commentary) - The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 6597 tics from 3067 so far.
Bitcoin is in consolidation between formations 6/9/22
(Kitco commentary) - The roll over on 11/10 put this into a bearish trend against the move up from $28,800.I warned the selloff should exceed $13,000 from the high of $69,355 - we have seen $44,005 of this.
Gold is in bearish correction/trend against move up from $1,792 6/9/22
(Kitco commentary) - I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum.
Crude oil seeing short covering warned about 5/12/22
(Kitco commentary) - On 4/29/20 we left a bullish reversal belowwe have seen $115.13 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below.
Bitcoin is still projected lower 5/12/22
(Kitco commentary) - The roll over on 11/10 put this into a bearish trend against the move up from $28,800.I warned the selloff should exceed $13,000 from the high of $69,355we have seen $44,005 of this.
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