Gold should see more weakness in the short term, but a bottom is looming, predict chartists at Barclays.
The TechWizard reports global investors should be hoping AUD/USD reaches for new highs in the weeks ahead.
This week’s rally seems like a repeat of what happened in July 2009. Chartists at Barclays have found another similar looking precedent.
Reuters chartist Wang Tao has published some very dire projections for the six months ahead.
Risk assets posted bearish signals on price charts in Q2, but the TechWizard suspects we might see a rally in the short term.
The TechWizard reports equity indices in the US and in Australia are approaching key support levels.
Head-and-shoulders formations, they’re everywhere this month. Try natural gas and aluminium.
The TechWizard sticks to his view the next few weeks will determine the direction for equities in the year ahead.
The TechWizard has stuck to his view that a rally would come, and it has.
Overnight price action in crude oil futures appears to point into the direction of a swift reversal of the underlying trend.