Technical Strategies 20th November 2018

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

CURRENCIES:
The Dollar is still strong against the Yen with a further bull trigger close by. There was some weakness in the Dollar against the Euro late on in the week, but not enough to convince. An uneasy equilibrium was evidenced against the Sterling.

STOCKS:
The S&P still swings wildly within the long-established (over 2018) trading range. There is some slight short-term evidence of consolidation in the EuroStoxx that might, in due course, allow a bull retracement. That would chime with the longer-term underpinnings in the FTSE and Nikkei. But watch our levels closely.

BONDS:
US bonds have rallied (retraced) to a Prior High Pivot that should be closely watched. There are interesting levels in the very short-term Bunds and (to a lesser extent) the Gilts too. The Bund is altogether less bearish than the US, so the tension between the two is fascinating.

COMMODITIES:
Oil's rapid sell-off looks to have run it's course with good support beneath the market now and the minimum move target of the original Double Top having been achieved. Gold remains within well constructed trading ranges in each time frame

For urgent specific inquiries you are welcome, as always, to contact us at any time.

Best regards,
Mark
Full performance figures of our Key Trades product 2006-15 here

Mark Sturdy
Director
SEVEN DAYS AHEAD
124 Regents Park Road
London NW1 8XL
+44 (0) 7849 922573

(Authorised and Regulated by the FCA)

This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees, other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest, relationship or arrangement in relation to them.