Nvidia has been the poster boy of AI and if it convincingly breaks down the neckline next week, things are starting to look dire for equity investors. Earning on 21st Nov makes it tricky to be full on short with breakout of neckline. Gap to 320 must be appealing for the bears.
GBPCHF broke out 1.105 on Friday. It has been stuck in a range for almost a year now. In the current environment, CHF is the best safe haven play. Technically, 105.50 would be the target but 106.50 seems more prudent.
Tesla seems to have failed to break H&S. Chart is looking bearish. 200 Weekly EMA test on the cards. *Not Investment Advice*
After the prolific run last year, Nat Gas has struggled but now it has broken out of $3 barrier and currently testing previous resistance. Seasonals are good here with up to mid of November, suggesting higher prices. Any unwelcomed activity in Strait of Hormuz can really send Nat Gas flying.
Weekly chart of DXY. Rectangle break out and retest at 105.60. Immediate target at 110. Geopolitical risk and pick up in inflation should favour DXY longs.