Technical analysts at Barclays Caital have identified some cautionary signals in price charts for both gold and platinum.
The TechWizard believes this could be the week of a technically important break in the USD Index, with positive ramifications for AUD/USD.
RBS Morgans remains positive on the outlook for shares in biotech Acrux.
The TechWizard believes AUD/USD is poised to reach parity anytime soon now.
Despite Wednesday’s price action, Barclays’ technical analysts believe there are reasons to believe copper is due for a larger correction.
The Australian share market seems to be forming a diamond top on price charts, the Wizard warns. This would be a bearish signal.
The TechWizard reports the current rally is likely to carry gold to or above US$1500/oz, but it won’t go via one straight line.
The technical analysts at Barclays Capital suggest oil prices may struggle shorter-term, though medium-term further gains are still expected.
The TechWizard reports Atlas shares look very promising on price charts.
The TechWizard reports this week could be crucial for AUD/USD.