Crude oil continues to build a wedge on an important slope dating back to July, stay above outlook remains favorable, fall below and another leg lower looks set to ensue. Gold remains constrained, big resistance, modest support. Global indices mixed but buoyed by steady risk sentiment.
Technical Highlights:
Crude oil continues to coil, July slope very important
Gold continues to trade heavy, shorts favored on upswings
DAX bouncing, but conviction still low in sustainability
U.S. indices strongest, globally, Dow coiling