Seven Days Ahead weekly Multi-Asset Technical Strategies 27th November 2018

This week's Multi-Asset Technical Strategies is attached.

CURRENCIES:
A resurgence of Dollar strength against the Euro is clear. Elsewhere: not so clear. There is volatile and confused range-trading in Cable; a lack of clarity and rang-trading in both the Yen and Sterling/Euro cross.

STOCKS:
The S&P's long-term chart is at critical very long and medium-term support. The short-term is rather less critically set up - the market is still within a clear and rather wide range. The European market looks distinctly vulnerable. FTSE is rather less so - but there are important supports not far beneath the market. The Nikkei is interestingly perky if not yet strictly bullish!

BONDS:
We believe there is a long-term breakdown in the US bonds already established. Nonetheless there has been a sharp retracement which has sufficient structure to go further still. There are few close resistances. Bunds and Gilts have been more bullish, and are close to bull breakouts. Yet to be achieved.

COMMODITIES:
Last week we thought Oil was through with selling but it sold off more! If the long-term chart is to be believed these current levels are still good buying levels. Gold is less clear.