Oil has had quite a week. Brent Crude prices are up more than 8% from Tuesday’s lows of $61/barrel to trade north of $65.5. And there are a handful of reasons why. Firstly, European Central Bank (ECB) President Mario Draghi pretty much reiterated his “whatever it takes” mantra. Investors digested this as implying more monetary stimulus…
The UK 100 has pulled back from its 7420 6-week highs, consolidating its 4.8% bounce from recent 7080 lows. This puts it in a shorter-term falling channel, one which bulls will hope proves a bullish flag that sends it 4.8% higher, to challenge – perhaps even exceed – April’s 7528 peak. Nonetheless, watch for that…
Lately, I’ve watched lots of golf videos. I consider this the internet’s nosy/cheeky/suggestive way of reminding me I’m an average, fair-weather golfer, with Summer approaching and the US Open on the TV this weekend. I like these videos because I don’t play often enough but I’m curious how to improve my game, to ensure I…
The UK 100 is holding this week’s rebound, +2.7% from a revisit of March lows, shifting from a 2-week end-May falling channel into a fresh rising channel to make for a positive start to the new month and quarter. This is in spite of Trade tensions having ratcheted up a notch, President Trump now threatening…
“I missed that 10% rally; I’m so angry“. I hear this a lot. But rarely does it mean missed in the sense that the client was totally unaware. More often than not it means the client has been watching the share price bounce and rally, and regrets not having bought into the recovery. But you can’t always…
The UK 100 is holding above 7130 twin support (horizontal, shallow rising) but remains in a falling channel from 7373 highs. Drivers of the decline since mid-month are US-China trade dispute (and now US-Mexico) and increased appetite for bonds rather than equities. After a 3% sell-off, however, has the correction run its course? Are we…