The Chartist is longer term bullish oil, but decribes the current chart as a downward freight train not to be messed with.
Bridge Street took an overdue dive yesterday, but last night wall Street anticipated a positive testimony from the Fed chair nominee. Dow up 70. (Accessible only for subscribers before 10:15 AEST)
Copper appears to be following iron ore’s theme and zinc prices are looking better. Analysts also take a look at China’s coal imports and industry.
The Fedheads were out and about last night, speculating on December tapering. Dow down 32.(Accessible only for subscribers before 10:15 AEST)
The Veterans Day holiday ensured a quiet and uneventful session on Wall Street last night. Dow up 21. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Twitter made a spectacular opening on the NYSE last night but elsewhere a little fatigue may have crept in. Dow down 152. (Accessible only for subscribers before 10:15 AEST)
China’s steel market feels the impact of environmental regulations, excess supply of aluminium is likely to continue and US and European oil markets remain weak.
Wall Street continued its grind higher last night, with little reason to expect anything different. Dow up 128. (Accessible only for subscribers before 10:15 AEST)
Wall Street again showed last night it just doesn’t want to go down in any meaningful way, recovering from a sharp fall. Dow down 20. (Accessible only for subscribers before 10:15 AEST)