16 Jan 2015
Financial/commodity markets in a technical snashot - RBS
FXStreet (Barcelona) - Analysts at RBS gave a technical snapshot of financial/commodity markets.
Key Quotes:
"Bunds remain bullish with the next key resistance at 0.22%, near-term may consolidate within 0.44% - 0.52% area".
"Treasuries may enter correction from the 1.78% yield level amid inverted Head and Shoulders".
"Gilts fell shy of the 122.59 target, indicating a period of correction to follow".
"S&P 500 is deemed to see a correction to 1,930 amid Head and Shoulders".
"Brent is expected to consolidate within 42 – 60 area with subsequent break opening the target of 20".
Key Quotes:
"Bunds remain bullish with the next key resistance at 0.22%, near-term may consolidate within 0.44% - 0.52% area".
"Treasuries may enter correction from the 1.78% yield level amid inverted Head and Shoulders".
"Gilts fell shy of the 122.59 target, indicating a period of correction to follow".
"S&P 500 is deemed to see a correction to 1,930 amid Head and Shoulders".
"Brent is expected to consolidate within 42 – 60 area with subsequent break opening the target of 20".