Monday’s failure by the S&P500 to close higher is proof of fierce resistance awaiting the index, chartists report.
The TechWizard believes the short term trend has reversed for equities.
The Techwizard predicts the coming three months will prove pivotal for US equities’ outlook.
The TechWizard remains unconvinced that AUD/USD has seen its lows.
Is nickel once again leading the way for the broader base metals complex?
From a technical point of view, Friday’s price action in US equity markets suggests more weakness lies ahead, chartists report.
Gold is currently struggling with resistance, but not in euro terms where a larger bull trend is poised to commence.
There are some unsettling comparisons playing out between 2007-08 and 2009-10, notes the Wiz.
With the big diversified and smaller miners closing well bid yesterday, the Wizard believes a bottom may have formed. Watch Monadelphous.
Antipodean Capital suggests the short-term technical picture for US equities is positive as prices respected support before bouncing higher.