Quotes from BofA Merrill Lynch:
- The ESH5 break of the Dec-29 high keeps the focus higher for new all-time highs. Upside targets are seen to 2136, before greater signs of topping emerge. Pullbacks should be limited to 2062.50 (Jan-09/22 high).
- Below here points to a renewed range trading. Bears need a break of the Dec-16 low at 1961.50 (1972.56 in CASH) to indicate a change in the medium- and, potentially, long-term trend.
Commentary
Stay bullish ESH5: BofA Merrill Lynch
Quotes from BofA Merrill Lynch:- The ESH5 break of the Dec-29 high keeps the focus higher for new all-time highs. Upside targets are seen to 2136, before greater signs of topping emerge. Pullbacks should be limited to 20…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
