A stochastic crossover on the June 2017 RBOB vs. WTI crack spread would suggest an upswing (bullish RBOB) is about to unfold, according to James Dima, technical analyst at Marex Spectron.
Short-term tops have been confirmed for both yields and the USD, according to George Davis at RBC Capital Markets.
USD gains are likely to extend sharply higher, says Ron William of RW Market Advisory.
Growing technical divergences suggest a modest correction to the S&P is imminent, according to Ron Meisels at Phases & Cycles.
GBP’s attempt to base has failed and a broader top has formed, according to David Sneddon and his team at Credit Suisse in London.
Ari Wald, Technical Analyst at Oppenheimer, asks whether the high sentiment figure published in the latest Investors Intelligence report suggests the S&P is about to top.
A sustained close below the 200 day moving average is needed to unlock further downside for natural gas, according to James Dima, technical analyst at Marex Spectron.