A sustained break above 54.43 for Brent Crude would confirm a bullish head-and-shoulders reversal pattern and target 79.5, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Support for EURUSD is holding but it’s just a matter of time before it eventually breaks lower, according to David Sneddon and his team at Credit Suisse in London.
The S&P 500 is at the beginning of its year-end rally, says Ari Wald, Technical Analyst at Oppenheimer.
A break of key support for FTSE will likely trigger a move towards 6400, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
3rd October 2018 London, UK
The S&P 500 tends to bottom about two weeks after an US presidential election when there is a weakness going into voting day, says Ari Wald, Technical Analyst at Oppenheimer.
Short-term rallies in GBP/USD and EUR/USD will provide strategic selling opportunities, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
The outlook for USDCAD remains bullish in the short- to medium-term, according to David Sneddon and his team at Credit Suisse in London.
The equity bull market is successfully absorbing selling pressure, according to Ron Meisels at Phases & Cycles, who thinks investors should stay the bullish course and position themselves for one final ride-up.