Technical Analyst, Saxo Bank
Brent Crude oil is once again testing rising trend line. A close below and more importantly a close below 107 is likely to fuel a sell off down to 101.30 possibly all the way down to key support at 96.75
To reverse this possible bearish scenario a close above 120.41 is needed
WTI has closed below rising trend line. Next key level is 101.53. A close below will confirm short term down trend that can take WTI down to 92.93. Some support at 98.20.
To reverse this possible scenario a close above 114 is needed
Gasoline has confirmed down trend currently test key support at around 350. A close below is likely to push Gasoline to minor support at 330 but 300 is not unlikely. If Gasoline jumps back above the rising trend line it will merely just be in neutral state. To reverse the down trend a close above 395.60
Dutch TTF gas is in confirmed uptrend likely to move higher. To reverse the uptrend Dutch gas needs to close below 125
Henry Hub gas has experienced a total collapse from peak . Bouncing around 200 SMA downtrend is still intact and no divergence on RSI indicates we are to lower levels . However, expect a few days with sideways trading maybe even a minor bounce before selling pressure is likely to return.
For the down trend to be reversed at close above 6.84 is needed.
AI: The good, the bad, and the bubble
While a deep recession may not be iminent thanks to central bank policy, interest rates will have to stay high for longer, and this will be accompanied by volatility risk from the unwinding of bubbles, especially within AI.
Steen Jakobsen,
Chief Investment Officer
The emergence of advanced AI systems is by far the most surprising event this year, turning everything upside down, while risks and benefits are debated. AI will also become an arms race between the US and China.
Peter Garnry,
Head of Equity Strategy
As China navigates global fragmentation, its cycle of technology application, productivity enhancement, and growth is threatened by US breakthroughs in generative AI, limited computing power, and geopolitical tensions.
Redmond Wong,
Market Strategist
Japan’s expertise in semiconductors and robotic integration could be the foundation of AI dominance. Combining two of this year's themes, Japanese equities and artificial intelligence, brings a wave of opportunities.
Charu Chanana,
Market Strategist
The AI fever has turned the technology into a darling, pushing crypto further into no-man’s-land. There are striking similarities between AI and crypto, and if these are to come full circle, AI won't be spared for bubbles.
Mads Eberhardt,
Cryptocurrency Analyst
Stocks related to artificial intelligence (AI) have appeared on investors' radars. Expectations are high, but it may be necessary to consider how to get exposure to AI in a diversified way.
Hans Oudshoorn,
Trainer Academy
The USD is on its back foot as markets celebrate an eventual Fed rate peak and steady long US yields. The stakes are even higher for the Japanese yen if longer major sovereign yield curves have to price in economic acceleration.
John J. Hardy,
Head of FX Strategy
While commodities, broadly speaking, have faced some tough months, a partial reversal during June could signal that the asset class is getting back on its feet with energy holding up and precious metals with upside potential.
Ole S. Hansen,
Head of Commodity Strategy
As inflation remains high central banks face hard decisions about whether they should keep hiking interest rates or stop. Meanwhile, the rise of AI creates bubble-like conditions that only make the decision harder.
Althea Spinozzi,
Senior Fixed Income Strategist