Last week’s closing break above the 200-day moving average and above the psychologically-important 3000 area suggests the next leg higher for the S&P 500 has begun, according to Tony Sycamore at TECHFX TRADERS.
Oil’s V-shape recovery is looking fragile, according to Ron William, director at RW Advisory.
A large base has completed for iron ore, providing the platform for a more sustained bull trend, according to David Sneddon and this team and Credit Suisse in London.
The NASDAQ has broken above a short-term downtrend channel, suggesting it will reach new highs imminently, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A breakout may usher in a new leg up for the iShares Nasdaq Biotechnology ETF, says Frank Cappelleri, Chief Market Technician at Instinet.
A double top may soon be confirmed for GBPUSD, according to David Sneddon and his team at Credit Suisse in London.
An analysis of volume for the S&P 500 suggests the index will likely return to its former uptrend, says Buff Dormeier, Chief Technical Analyst at Kingsview Partners.
Gold is set to benefit from a new risk-off period, according to The Capital Observer, the research service provided jointly by Diapason Currencies & Commodities UK and Management Joint Trust
EURUSD remains in neutral so long as it stays above crucial long-term trendline support, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
There is a very clear possibility that EURUSD will reach parity, according to Ron William, director at RW Advisory.