We are pleased to send you this week's issue of Global Technical Perspective.
We hope you find this information useful. As always we welcome your thoughts, questions and feedback.
- Nifty (futs) – impulsive rally looks complete; retracement down to 5772 underway
- Bank Nifty (futs) – retracement to 11,445 before the move fades out
- S&P 500 – breaks to a new life high; final dash to 1777 before topping out
- MSCI Asia ex-Japan – four-week rally to stretch towards triangle high of 560
- DAX – European bellwether headed for 9,000
- US 10-year yield – momentum signals topping risk; below 2.80% opens downside to 2.40%
- DXY – a decline to 79.50 on cards before a meaningful recovery begins
- USDINR – sharp correction likely to be arrested in 61.20 / 60.50 support cluster
- Brent Crude Oil – false breakout above $114.35; now headed back to support range of $107/106
- Gold – retracement after an impulsive advance to see demand emerge at $1277
Regards,
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