Technical Analysis
USD/JPY ANALYSIS
The dollar-yen continues to be ignored by the markets in Asia as the run up to the Xmas holiday continues. The pair managed a paltry Y77.98-78.06 range, with the crosses showing only vague flashes of movement. Euro-yen opened at Y101.44 and traded little better through Y101.40-52. Sterling-yen built gently higher to Y121.12 from Y120.85 , […]
BUND ANALYSIS
The BUND confirmed on Friday a very strong closing in the daily chart as well as in the weekly one suggesting a possible further extension of the move up. The weekly closing was also strong well above the top of the previous week.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed another weak closing on Friday below the low of the previous session suggesting further weakness toward the 2130/10 support area.
DAX ANALYSIS
The DAX confirmed on Friday further consolidation interior the positive outside day with 5820 – 5645 still the levels to follow in the coming hours.
S&P ANALYSIS
The S&P failed to confirm Thursday’s positive day reversal but at least it remaining above the 1208,50 level. The weekly closing was instead weak!!
S&P ANALYSIS
The S&P formed last night a positive day reversal after a 1200 undershooting. Only a daily closing tonight above 1220,40 will however confirm a s/t bottom supporting higher levels.
DAX ANALYSIS
The DAX formed yesterday a positive outside day reversal with now 5820 – 5645 the levels to follow in the coming hours. A daily closing above 5820 will already resume the move up suggesting a 6000 overshooting!!
BUND ANALYSIS
The BUND confirmed another positive closing but found yesterday good resistance at 138,20, at least for now. Still possible a further extension of the move up especially while above 137,43.
S&P ANALYSIS
The S&P confirmed a further closing of the gap up area but we could still see a further drop toward the 1196 area if not even the support line at 1182,80.
DAX ANALYSIS
The DAX confirmed another weak closing last night suggesting further downside risk and this could mean still a drop toward the gap up area 5567 – 5463.
BUND ANALYSIS
The BUND confirmed last night a strong closing favouring the 138 overshooting. We may see a direct extension toward the 138,20 area where we expect however good resistance.
CRUDE OIL ANALYSIS
CRUDE OIL confirmed last night a strong closing above the top of the previous few session but it failed to remain above the 100 level for long.