TWTR is trading a little above its IPO price (26$), it may be a good opportunity to buy , for people who still believe they'll find a way to have positive earnings someday. Or maybe they'll merge... I don't know, we can dream, afterall, it's Twitter we're talking about. Weekly, we can see an rangy channel (maybe the first weekly channel ever for TWTR !!) So...
Gold did not rebound much on the equity crisis, and did not play its safe haven role... That makes me think that is we see the equity rebounding in the next weeks, gold could see lower bottoms. Technically, we have a nice push back on the resistance (old support) where I put my stop loss. And if the channel is still valid, my target is below the July's bottom at 1040.
1st Target around 42 2nd target 40 *CRUDE OIL INVENTORIES ROSE 4.67 MLN BARRELS, EIA SAYS More than expected
This is a strong assumption, but we saw a huge rebound last week on equity markets that suggest we're not ready yet to enter in a bear market. Moreover, if the US economic numbers are correct, the stock market is oversold.. I'll suggest to buy SPX and play a rebound towards 2100 then will have to see what market is up to... Target 2095 Stop 1905 (Take half...
Based on technical analysis, we could see the rebound continue and see the WTI back to 50 and above by the end of the year. There is a bullish divergence appearing, but we should wait a week or two before confirming it is a real rebound. However, note that some still see the WTI at 15.0... , other says "Crude prices to stay low for ‘some time' " (Total CEO) To...