Oil rally beyond super contango
Ned Davis Research Group ask what it would take to make them bullish on oil. They point out that rallies often await on the other side of super contango, yet they remain bearish on crude oil for the time being.
February 2016
Seasonal relief for Brent
Seasonality will lift Brent Crude for the next few months but after that downward pressure will prevail for the rest of the year, according to David Linton, Chief Executive at Updata.
Outlook bleak for GBP
GBPUSD has broken below a bearish rising wedge and is heading towards parity, says Walter Zimmermann, Senior Technical Analyst at United-ICAP.
EURJPY: Breakdown imminent
Prices are close to breaking 2-year support levels on EURJPY, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global.
Commodities rally expected
A broad based commodities rally may soon be upon us, according to James Dima, technical analyst at Marex Spectron.
UBS: Outlook for large cap stocks
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 69 large cap stocks.
S&P: Relief rally capped at 2000
Deeply pessimistic sentiment conditions, evidence of short-term selling exhaustion, and the S&P 500’s successful test of 1810 argue for a countertrend rally, according to Ari Wald, Technical Analyst at Oppenheimer.
S&P: Bulls prepare to defend 1800
A ‘corrective’ interpretation of recent S&P market action is a better fit than an interpretation which thinks the bull market is over, according to Ron Meisels, President of independent research house Phases & Cycles.
USDJPY: Just a correction?
Two levels are key for USDJPY and will determine whether the price action of the last six months has been a correction only or something more bearish, says Tony Sycamore at Commonwealth Bank of Australia.
FTSE en route to 5300
The FTSE is en route to just under 5300, according to Andrew Gebhardt and Tom Read of HPC SA.