Technical Update - US500 and USNAS100
Kim Cramer Larsson
Technical Analyst, Saxo Bank
US500 cfd/future has tested the support at 4,262. The support seems to hold and if it is not broken within the next couple of days we could see a bounce to test the 200 daily SMA around 4,460. If it trades higher than 4,490 the 4,600 resistance is not unlikely to be tested once again.
If sellers can take back control and push the US500 below 4,260 there is support around 4,145 but could drop as low as 3,815-3,660.
Buyers will however, likely try to see if they once again can buy the dip from around 4,220 done 24th January.
USNAS100 cfd/future dipped below support at 13,838 before bouncing back above. If it can close the day above we could see further upside to around 14,500. If sellers can dip the USNAS100 back bleow 13,838 we are likely to see lower levels. Next strong support is around 12,667
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
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The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.