FlowBank

1249 days ago

October total returns chart (not bad for Hang Seng, rubbish for oil)

This chart from Deutsche Bank's Jim Reid shows the returns across major asset classes in October. 

#Technical Analysis
October total returns chart (not bad for Hang Sang, rubbish for oil)

1249 days ago

Aussie dollar in triangle pattern above important 0.70 level #AUDUSD

The Australian dollar is being kept aloft by buyers defending the 0.70 level. After numerous tests a break could usher in much lower prices.

#Technical Analysis
Aussie dollar in triangle pattern above important 0.70 level #AUDUSD

1249 days ago

WTI crude breaks below widely-watched $36 price handle

Crude oil has been in a tight range for months but Monday broke below $36 per barrel to a 5-month low- increasing scope for a new downtrend

#Technical Analysis
WTI crude breaks below widely-watched $36 price handle

1249 days ago

S&P 500 Double Top ?

The S&P 500 index has failed twice at 3500, setting up a double top price pattern, which would be confirmed with a break below the neckline at 3200.

#Technical Analysis

1253 days ago

It is October after all -- another take on the 1987 vs 2020 SPX comparison

This scenario doesn't have to play out but it certainly could - big yearly run up followed by a sharp sell-off ala 1987.

#Technical Analysis
It is October after all -- another take on the 1987 SPX comparison
bg_newsletter