Previously:
A little behind on this, it’s been busy. Let’s take a look at our previous predictions…
Prediction: On 25/03/2022, we are within the range 1075 and 1055.
Lose: Wheat futures remained strong. I was overly pessimistic about the market correction.
Prediction: On 25/03/2022, CL=F remains above 100.
Win: Crude remained high.
Prediction: On 25/03/2022, PA=F remains above 2400.
Win: Palladium remained high.
Prediction: On 25/03/2022, ZW=F remains above 1030.
Win: Wheat remained overall high and followed the expected trend.
Going forwards I make the following predictions…
The wheat market is still incredibly volatile, I see no evidence this will change. I expect for the next week we will be ranging and slowly coming down.
Prediction: On 01/04/2022, we are within the range 1100 and 1070.
I really suspect oil is not coming down any time soon, and may in fact slowly creep upwards.
Prediction: On 01/04/2022, CL=F remains above 110.
Palladium dropped recently after ranging for quite a while. I expect it to come back up as long as sanctions remain on Russia. It’s an important metal after all. Aluminium is also quite likely to be at a stable high now.
Prediction: On 01/04/2022, PA=F remains above 2500, ALI=F remains above 3500.
I think the most stable increasing trend is soy beans, this is because the world sources a significant amount of much needed diet protein from this. As shortages increase, this is the one food that many cannot do without.
Prediction: On 01/04/2022, ZS=F remains above 1600.
There’s not much exciting going on here.
I believe Ethereum is establishing itself as a stable crypto, and therefore may see a slow but steady uptake in the markets. The amount we are talking here is very difficult to detect though.