Brent rallying
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.
November 2016
EURUSD: Holding up for now
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.
S&P: Bull market resuming
The S&P 500 is at the beginning of its year-end rally, says Ari Wald, Technical Analyst at Oppenheimer.
Sell FTSE on break
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.
Watch for post-election capitulation
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.
Sell short-term gains in GBPUSD?
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.
Remain bullish on USDCAD
The outlook for USDCAD remains bullish in the short- to medium-term, according to David Sneddon and his team at Credit Suisse in London.
Equities gearing up for bullish advance
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.