Focus on Oil

WTI Oil futures have continued to trade sideways over the last five days. On Monday the market did show some signs of strength closing just under $2 up on the day. (more…)

The FTSE moved lower yesterday. The market held the 5693.0 level in early trade before trending lower for much of the day. The market eventually held the 5609-16.0 area before bouncing into the close. The strong rejection from th (more…)

The EuroStoxx remained largely range-bound yesterday. A brief move higher form the open saw the market fail at the 2900 handle. Thereafter the market returned to trade within its range of the last 3 days. The market traded down to just (more…)

The Dax saw very choppy trade yesterday. An early drive higher to above the 6200.0 handle saw a sharp rejection, before a retest of 6200.0 after the US data releases at 15.00 confirmed a potential strong top in the immediate term (more…)

The Bund pushed higher yesterday. The market pressed higher soon after the cash open and continued to edge up over the course of the day. The market took back the 123.21-25 level. Strong resistance at 123.36-39 may be targeted by the market in early trade today (more…)

The S&P traded a very tight range yesterday. The market held the 1170.00-71.00 intra-day resistance area and the 1165.0 handle on the down-side. This morning, equity markets traded higher first thing with the S&P trading up to the 1173.00 handle before easing back from her (more…)

Overview

Over the last 5 trading sessions we have seen the bund move sharply lower touching a recent low of 122.53 last Thursday. (more…)

The FTSE was largely range bound within Friday’s range yesterday. The market opened on a strong note, around the recent contract high prints. Thereafter the market gradually edged lower to test Friday’s 5637.0 lows. The market held this support level to before bouncing into the evening (more…)

The EuroStoxx remained largely range-bound on yesterday. A brief break above the 2882-84 level saw the market make 2892 high prints before returning to trade within Friday’s range. The close around the upper end of the day’s range underpins the strength shown by the market in the (more…)

30 march dax tech sheetThe Dax moved higher yesterday. After breaking the 6147.0 recent high contract high print to make new 6181.0 highs, the market pared gains going into the afternoon. The eventual close above the 6147.0 level underpins the immediate term strength of the market (more…)