Updata has added storage data from the Energy Information Administration (EIA) to its technical analysis platform, thereby allowing charting and analysis of this fundamental information.
An ABC correction looks like it has completed on AUDNZD, laying the way open for a move up towards 1.1430 and possibly beyond, according to Tony Sycamore at Commonwealth Bank of Australia.
The fundamental and technical outlooks for oil suggest prices are close to the top of their trading ranges, according to Harry Colvin, Senior Economist at Longview Economics.
Seasonality has pushed Brent Crude higher since late January and crude oil currently looks bullish, but this upwards pressure will soon run out of steam, according to David Linton, Chief Executive at Updata.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 70 stocks that he believes are of wide interest.
The S&P 500’s cyclical correction is likely to be in its later stages, according to Ari Wald, Technical Analyst at Oppenheimer.
The major equity markets are overbought and are likely to pullback, but thereafter will ‘mount a concerted effort to reach new highs’, says Ron Meisels, President of independent research house Phases & Cycles.
Did the 2015 high mark the completion of a Wave III or Wave V for USDJPY? Tony Sycamore, Director Institutional Foreign Exchange at Commonwealth Bank of Australia, says we may soon be able to tell.
If the rally to $39 represents a Wave IV correction then WTI will target $16.45 in its next leg down, says Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Significant inflows into High Yields and equities have triggered a contrarian sell signal on BofA Merrill Lynch Global Research’s flow trading rule.