Q2 To Q3 Is A Bit Like A Chess Game | investing.com – Investing.com

investing chess game trade
Middle East
  • Date: 02-Jul-2021
  • Source: Investing.com
  • Sector: Oil & Gas
  • Country: Middle East
  • Who else needs to know?

Q2 To Q3 Is A Bit Like A Chess Game | investing.com – Investing.com

As we watched the and rally to the end of Q2:2021, many traders asked themselves “Will this rally continue throughout the early part of Q3:2021 and beyond?” Although we don't have a crystal ball to tell you exactly what is going to happen, our price modelling systems, predictive modelling tools and trend analysis systems suggest we will likely see continued upside price trending through at least July 15-21. After the middle of July, we may see another pullback in trends as the markets shift away from the reflation trade expectations and start to react to 2021 holiday/COVID expectations.

The reflation trade rally has been very impressive over the past 12+ months. One simply can't argue with the price range, trend and volatility that we've seen throughout all of 2020 and into the first half of 2021. My team and I expect that volatility to continue, but at a slowly decreasing range into the end of 2021. We also expect a price rotation/reversion may still happen in 2021 that may prompt an 8% to 12% downside price correction (possibly bigger).

Check the history on the topic
Vote to feature