After having broken above its trading range and then fallen back down, GBPUSD looks like it is forming a triple top, says Ron William, director at RW Advisory.
For the first time since turning bullish in March the pathway forwards for the S&P 500 has become less clear, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Robin Griffiths and Ron William warn of similarities between today’s equity market and the 1929 Wall Street Crash in their latest report for RW Advisory.
The S&P 500 may be close to beginning a consolidation phase, says David Sneddon and his team at Credit Suisse in London.
A bullish signal for the Z20/H21 calendar spread in Soybean Oil is pending, according to James Dima, technical analyst at Marex Spectron.
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.