Weekend Charting and Chat. 21/11 Mar (aka Doom&Gloom), page-2

over night crude majors fell roughly 8-12%, these levels I doubt will hold as Russian seems not to be budging and american intervention will create maniac volatility for oil. If citibank prediction of $5 oil is true STO, OSH, WPL among other will come under major pressure. Gold is seeing continued weakness throughout the week and is most likely investors liquidating gold to cover their positions. Further, cash is king in the environment and USD is king of cash but with the fed printing money, the dollar should weaken and gold should see a V shaped recovery in the coming week(s). As for equities and the XJO, After the 4% drop in the DJIA on friday's trade and continued weakness in oil. It really hard to place what the index will do. With the VIX inching lower and major cities approaching lockdown, what the market will do will totally depend on the fatality rate of COVID-19. Regardless, it's going to be a bumpy week ahead, i still see further downside for the market overall.