Relief rally in SPX and Silver [Video]

Dale J Pinkert Independent Analyst

Coach discusses the relief rally in the S&P 500 and silver as markets respond to hopes that renewed hostilities could once again give way to a ceasefire. Despite the bounce, he continues to view the move as counter-trend. The session also covers USD/JPY, where Coach expects a peak followed by a pullback toward 159.50 before the broader uptrend resumes. In the commodities space, he highlights the continued strength in the grain markets, describing the current move as a developing "baby bull," while noting that natural gas is beginning to show signs of life after breaking out from a key technical level.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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