After an extended multi-month sideways consolidation, gold has registered bullish breakouts against a number of currencies, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Commodities & Energy
The next week or so may well be crucial for the future direction of gold, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The sell-off in crude oil is about to end, says Chris Williams, Senior Broker at Newedge.
The price of West Texas Intermediate (WTI) Crude Oil Futures continues to slide and Ari Wald, Technical Analyst at Oppenheimer, warns against speculating how far it will fall.
Brent crude is looking very bearish, but seasonal cycles may result in a recovery from mid-January, according to David Linton, Chief Executive at Updata.
A potential buying opportunity may soon arise for gold, according to Ron William of RW Advisory.
Recent months have seen a sharp fall in Light Crude prices, but long-term charts suggest the bears may have run their course and a rebound may unfold, according to Karman Sheikh, Technical Strategist at Informa Global Markets.
Gold is approaching a key event – the Swiss referendum of 30 November. George Davis, Chief FIC Technical Analyst at RBC Capital Markets, looks at the possible outcomes.
No OPEC meeting has ever marked a major low in crude oil prices, says Walter Zimmermann, Senior Technical Analyst at United-ICAP, who thinks that crude can continue to fall for some weeks or months to come.
Walter Zimmermann, Senior Technical Analyst at United-ICAP, gives his weekly technical assessment for the major commodity markets plus also the USD, EUR, S&P and the Ten Year T-Note.