Y un nuevo descenso de la volatilidad VIX hasta un mínimo de 13.43 %.
El EUR en niveles de 1.119 USD.
Sin cambios en el rango reciente de 1.116/ 1.127 USD.
El S&P en niveles de 2090 puntos.
Dentro del rango de 1848/2120 puntos
Weekly Roundup: Oil: One step backwards before two steps forward?
Tom Fitzpatrick 1-212-723-1344
|
Shyam Devani 65-6657-2964
|
Dan Tobon 44-20-7986-3453
|
Gregory Marks 1-212-723-7057
|
For recent commentary or to access archived publications, visit the CitiFX Technicals website
Chart of the Week– Oil: One step backwards before two steps forward?
– One step backwards and two steps forward: We continue to expect higher levels on Crude Oil (WTI) as we head through 2016.
– However, right now the trend seems a little “too far too fast”. We would not be surprised to see a near term correction that subsequently gives way to renewed topside gains and new highs in the trend, both in Oil and the general commodity complex. (CCI Index)
– Base metals basing: In the industrial metal space this dynamic also seems true for Copper.
– “Goldilocks and the 3 bears” We suspect that our “building blocks” if correct may be “terminal” for the Gold bulls.
Foreign Exchange – King Dollar “reigns” again
– The recent USD-Index correction looks to have run its course opening up the way for renewed USD gains in the weeks ahead.
– This move should be most prevalent against the NIRF’s (Negative Interest Rate Funders: EUR, JPY, CHF and SEK) in the medium term, but likely broad based near term.
José Luis Martínez Campuzano
Estratega de Citi en España
[Volver]