Here’s the regular 5 macro technical charts (going as far as individual commodities, currencies, bonds, and sectors, as well as the rest of the major indexes and benchmarks). No comments on anything except the technical/price developments (albeit we will typically cover the broader case in the Weekly Macro Themes where the technical and fundamental set up produce a compelling investment idea). Even if you’re not technical analysis minded it’s a useful way to keep on top of trends in some of the main financial markets and as a prompt for further investigation…
1. Copper – Breakout
What can past market crashes teach us about the current one?
Overall technical view: Neutral, slight bearish bias – which would be confirmed with a downside break.
3. DXY – Short-term oversold
-Oversold signal is coming from the RSI on the daily chart which dropped below 50 and then turned up.
Overall technical view: Short-term bullish, add on upside breakouts.
4. Coffee – Rounding Bottom
5. Bond bust – It ain’t over yet