Weekly Market Wrap: Inflation is Boosting Commodity Plays!
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For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.
We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:
- Forex, CFDs, commodities, bonds
- US stocks, ETFs, global stock indices
- Cryptocurrencies, crypto indices
By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.
Table of Contents
Forex & Commodities Market Highlights
Product: Forex
Name: Aussie Dollar / Swiss Franc
Ticker: AUDCHF
Exchange: N/A
Analysis: Not the strongest trade around, but since this is in a range and near support, there is a chance it might rebound from here.
EP: 0.6550 to 0.6600, or on pullbacks
SL: 0.6500
TP: 0.6778 +
The commodities ETF (GCC) in my portfolio has been doing very well in a rising-inflation environment.
Product: Commodity ETF
Name: KraneShares Global Carbon Strategy ETF
Ticker: KRBN
Exchange: NYSE
Analysis: This has continued to climb strongly with very small pullbacks, and recently broke out of a small ascending triangle.
EP: Buy on any pullbacks
SL: $50
TP: $60+++
Stock Market Highlights
Everything still moving according to plan on the NASDAQ 100 (US 100).
Product: US Stock ETF
Name: S&P 500
Ticker: US500
Exchange: N/A
Analysis: Long-term trend is still sideways or bearish, but the medium-term is forming a small bull flag, which could bring prices to test prior highs.
EP: $4520 to $4550
SL: $4430
TP: $4730 to $4830
Crypto Market Highlights
Product: Cryptocurrency
Name: Bitcoin
Ticker: BTCUSD
Exchange: N/A
Analysis: Now tat Bitcoin has shifted to an uptrend, we should be looking to buy on pullbacks.
EP: Buy on any pullbacks
SL: $40000
TP: $50000+++
Product: Cryptocurrency
Name: Crypto.com token
Ticker: CROUSD
Exchange: N/A
Analysis: This token is making a strong comeback, and is backed by strong fundamentals, with their debit card business.
EP: Buy on any pullbacks
SL: $0.40
TP: $0.80+++
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Good luck, and may next week bring more excellent profits!
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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