Crude oil’s various charts suggest that the effects of its recent crash have yet to play out fully and that crude oil may drop to between $30 and $35/barrel in the near/medium-term and perhaps much lower over the long-term.
A continued...
Abigail F. Doolittle
Articles by Abigail F. Doolittle
We believe that the U.S. dollar index is poised to continue moving higher on the back of its 2014 rally. Our view is based on the bullish long-term chart technicals that are behind our target of 120 set back in 2011. ...
We continue to believe that one of the big themes to play out in the financial markets in 2015 will be increasing multi-asset class volatility.
Reasons to think this may be the case include: (1) the bullish chart technicals of the VIX...
Reasons to think this may be the case include: (1) the bullish chart technicals of the VIX...
A look back at 2014 may shed some light on what could be ahead for 2015 with multi-asset class trading dynamics suggesting that a slow-motion repricing of risk and/or flight to liquidity may be underway.
Possible themes that may play...
Possible themes that may play...
Naturally nobody knows, but the chart below makes a very compelling case for continued downside in this key commodity.
This technical case for oil to go lower from current levels rests on at least two factors.
First is oil...
This technical case for oil to go lower from current levels rests on at least two factors.
First is oil...
At this time last year, most big bank analysts and strategists were calling for the 10-year yield to climb above 3.50% in 2014 as rates rose on the Fed’s plan to taper its bond buying program.
Well clearly the Fed did taper, but rates...
Well clearly the Fed did taper, but rates...
It has been a rough year for Russian stocks.
This is shown well by the Market Vectors Russia ETF in red and especially against the volatile but upwardly moving S&P500 in blue.
When some time is taken to study this chart,...
This is shown well by the Market Vectors Russia ETF in red and especially against the volatile but upwardly moving S&P500 in blue.
When some time is taken to study this chart,...
A lot of attention was given to the Russell 2000’s Death Cross put in this past September and for good reason.
When this small cap index’s 50 DMA crossed below its 200 DMA under the similar technical circumstances of a near/medium-term...
When this small cap index’s 50 DMA crossed below its 200 DMA under the similar technical circumstances of a near/medium-term...
This topic is really an extension of last week’s note, but one that will perhaps make more of an impression now considering the truly bearish action in crude and copper last week.
Crude oil closed down 13.7% on the week after OPEC...
Crude oil closed down 13.7% on the week after OPEC...
This probably seems like an outrageous question to ask considering the Nikkei’s reaction to the latest round of stimulus from the Bank of Japan shown well by the parabolic pop in the daily chart below.
After all, the Nikkei shot up 21%...
After all, the Nikkei shot up 21%...
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