Charts Today – Markets recovering, but still long term bearish [Video]

David Linton Updata Ltd

Charts Today – Europe Open – 14 Jan 2019 – Markets recovering, but still long term bearish

Dollar turning short term bullish. Euro lower, Sterling bull run losing momentum.
US little changed last week, set to open lower today based on US futures down 1%.
UK and Germany set to open lower on futures. Japan up, HK and China down and still a long term worry.
Crude oil short term bull trend weakening.
Gold rises and looking more and more bullish.
US bond still yields weak and unwind upside targets. Further US interest rate rises now less likely.
Downtrends still dominate.
US tech stocks still in downtrends despite big overnight gains.
Stock markets have made a good start to 2019 rising off lows, but we are still in a downtrend.

Author

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

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