• 2 days The Gold Rally Has Finally Run Out Of Steam
  • 2 days Citibank Analyst Predicts $300k Bitcoin By End Of 2021
  • 5 days Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 5 days 14 Million People Will Lose Unemployment Benefits On December 31st
  • 7 days Why 12 Million American Millionaires Isn’t Good News
  • 8 days Big Oil Is Paying The Price For Investing In Renewables
  • 9 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 10 days Did Amazon Just Democratize Prescription Drugs?
  • 11 days The Private Space Race Just Got Very Real
  • 13 days Short Sellers Are Willing Big In This Turbulent Market
  • 14 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 15 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 16 days China’s Big Tech Takes A Hit As Regulators Crack Down
  • 17 days Black Friday Could Be Retailers’ Only Hope
  • 18 days Why You Should Not Dump Your Stay At Home Stocks Just Yet
  • 19 days The Real Reason Why Uber And Lyft Stocks Have Soared Nearly 50%
  • 21 days Bitcoin Heads Towards $16,000 And No One’s Cashing In
  • 22 days Elon Musk’s $250 Tesla Tequila Is Already Sold Out
  • 23 days Will The San Francisco Wealth Tax Spark An Exodus Of The Rich?
  • 24 days The Fin-Tech IPO Of The Century Just Got Crushed
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Ken Ticehurst

Ken Ticehurst

Ken Ticehurst is the publisher of forecasts for a wide range of markets. He has a BSC (Hons.) in Industrial Design and decades of experience…

Contact Author

  1. Home
  2. Markets
  3. Other

Forecast Summary: Commodities, Forex and Stocks

We are getting closer to our long forecast drop in the commodities complex with the possibility of some important lows next year. WTI is still putting in a top, the dead cat bounce that has lasted throughout this year is running out of steam and we should see the push for lower lows over the next couple of months and in to 2017.

WTI Daily Chart

We continue to forecast a period of Dollar and Yen strength over the next few months which will have an impact on many of the markets we forecast. We have been forecasting for some time that the the Pound would be the weakest of the major currencies going forward and we got our drop last week, a little earlier and deeper than forecast but none the less well within our forecast parameters.

We have also been forecasting a new down leg down in the Euro against the Dollar over the coming weeks and our forecast has remained on track for some time, there is still the possibility of a final rise before we fall.

EUR/USD Daily Chart

We are forecasting a correction in global stocks over the next six months, we think the SPX along with most of the major indices has either put in a top or is in the process of topping out, this fits in well with our commodity and forex forecasts.

Our S&P500 forecast has for some time been indicating that we are on the verge of a period of weakness it may take a few more weeks before we begin to see the market drop in earnest.

SPX Daily Chart

We are currenly expecting a new down leg in commodities, a stronger Dollar and an even stronger Yen during the fourth quarter of this year, we anticipate these dynamics will create the conditions for some key markets to sell off for a period which will relieve some over bought conditions necessary for a healthy market.

Taking patterns in nature that repeat over different time frames like fractals as the basis for the forecast methodology, our forecast patterns can last for months and years, we create a most probable long term fractal pattern and then continually test it and model it over multiple time frames to ensure the pattern remains a probable event.

You can follow our short term forecasts on our web site.

 

Back to homepage

Leave a comment

Leave a comment