Pullback expected for Heating Oil
Heating Oil is overextended and will probably revert back to its 20-day moving average, according to James Dima, technical analyst at Marex Spectron.
2019
China set to finally turn bullish
The Shanghai Composite is on the cusp of forming a base, according to David Sneddon and his team at Credit Suisse, and a recovering China will be the catalyst for a phase of emerging market outperformance.
US yields heading higher
US 10-year yields will likely retest the November high, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
Update 9 January 2020: Davis is retaining his bearish core view for global 10-year bonds.
Update 9 January 2020: Davis is retaining his bearish core view for global 10-year bonds.
EURUSD range-bound into 2020
A reversal candlestick on Friday suggests EURUSD will finish the year in the same way it spent most of 2019, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Election boost for FTSE 250
The result of the UK election has acted as a catalyst for a further sharp improvement in UK assets, according to David Sneddon and his team at Credit Suisse in London.
GBPUSD awaits election result
Despite the rally stalling in the last few sessions and DeMark sell signals appearing on the charts, clear candlestick reversals signals have not yet appeared for Cable, according to Andy Dodd at Louis Capital Markets.
Important week for USD/JPY
A bearish signal has appeared for USD/JPY and a medium-term reversal may be close, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
S&P heading towards 200-day MA
The S&P 500 has broken below its 20-day moving average and will likely test the 200-day moving average next, according to James Dima, technical analyst at Marex Spectron.
Bearish reversal for Bouygues
A Double Top is in play for Bouygues (EN FP), the French construction, telecoms and media group, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
What will stop the S&P uptrend?
The S&P 500 ended last week at its highest close at 3,120.46, but Frank Cappelleri, Chief Market Technician at Instinet, thinks we should be on the lookout for a significant downturn.