Brent crude has broken above $70 per barrel Trend is up Upside target = 75 (old resistance & round number) Support = 68
Gold has broken out to a 7-year high. A bull flag pattern gives a possible target of 1650 per oz Support areas at 1560 then 1520
Donald Trump set December 15 (this Sunday) as the date to impose more tariffs on China. If this date gets pushed back - or a phase one trade deal is achieved - Copper could move up to 3.0 on the prospects of more demand from China
EURUSD The euro is off the 4-day low seen after the surprisingly strong US jobs report. Still, as strong as the November jobs report was, our feeling is it doesn’t move the dial for the Fed this week. It is the first press conference for new ECB president Christine Lagarde on Thursday. A market-moving slipup seems unlikely since she is well experienced from...
GBPUSD: The pound is at its highs of the day (HOD) after weekend polls mostly showed a widening lead for the Conservatives with three days to go until the UK election. EURGBP is making fresh two-year lows. A poll from BMG has the Conservative Party with 9 point lead over Labour, up from 6 a week ago. Survation showed the lead widening to 14 points from 9 a week...
BABA shares within a consolidation after a long-term bullish trend - set for a breakout with Singles Day sales and end to the trade war ?
A bearish engulfing pattern on the weekly chart in combination with the break below rising trendline support is bearish. Price could continue drop from broken trendline OR rebound RN resistance before falling
The Nasdaq has just hit major resistance - namely record highs - Uptrend is bullish but MACD divergence on daily chart is bearish
A double top at 1.345, followed by trendline break could open up another fall to 1.315
11,980-12k is a key resistance area - any pullback could see a drop to 11,700
Daily MACD has printed a bullish reversal pattern while price holds onto 1.30 support
2 hammer patterns at support - then a break above 1292 looks set to see a move up to 1308 (61.8% Fib of down move)
Silver has broken below a bear flag on daily chart - follows a double top at 16 handle
Bearish case: Bearish weekly trend, 2x weekly bearish engulfing - failure to break above 125 RN. A close below 124 confirms
Weekly shooting star + daily bearish engulfing = potential for trend reversal back to 7k
Awaiting 1.335 as place for bullish breakout to resume
Gold has seen a big leg lower - this correction was due and weekly uptrend still intact. Possible bounce due from 1280/5
Treasury yields look to be breaking out of a triangle pattern from LT support. Pullbacks could represent a chance to join move higher