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Brent rebound stalls right where you might expect it to
As with the USD/JPY just covered the previous update, the rebound there has just met a watershed at 141.70 and it looks like something similar has just played out in the price of Brent crude. As covered here many times in prior reports, the breakdown there was below the lower of the double bottom lows, at $70.61. The rebound that has played out since the last update here has seen Brent rise to a high at $70.56 and it has backed away from that rebound high as this update is typed. The price is now dropping back a bit more right now, currently trading at $70.23
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
