Every week we send out a weekly round up e-mail to our database, and we figured it would probably be useful to post it here as well, so here goes!<\/p>\n
FuturesTechs Weekly Round up – 19th October.<\/p>\n
Here is your latest roundup of price movements on the major asset classes in the Investment arena. As regular readers will know by now we at FuturesTechs only look at the price action to determine what trend an instrument is in, and where this suggests it can head in the future. Many technicians use Cycle analysis to make longer term calls, and this is what allowed us to make the \u201ccall\u201d that we were near a bottom back in March for Equity markets like the FTSE and DAX. Currently our analysis suggests there is a pullback imminent, but so far each time the market has threatened this sort of move the buyers have stepped back in and bought into the dips. There was some price action towards the tail end of last week that was slightly worrying, but once again the bulls appear to have averted the threat. <\/span><\/span><\/p>\n The Dow<\/strong> may be above 10000 as we write, but it\u2019s failing to convince and we prefer maintaining a cautious stance for now. I heard a great line on the financial news channels last week. Someone said they were \u201cat the party, but dancing near the door\u201d. That sums up how we feel about the present state of things. <\/span><\/span><\/p>\n <\/span><\/span><\/p>\n So we\u2019d warn against getting too complacent about this recent rise, and we\u2019d warn against worrying that you\u2019ve missed the boat. Generally tops are formed when people pile in thinking they\u2019ve got to get in because they\u2019ll miss out otherwise!! If our analysis is right there will be a pullback soon, and it could even be a deep one, and just when people think we\u2019re heading back to those March lows is just the time you want to be buying! <\/span><\/span><\/p>\n <\/span><\/span><\/p>\n Gold <\/strong>has been front and centre on people\u2019s minds of late, and the amount of mainstream press it\u2019s been getting (all bullish) worries us, as far as whether this rally can sustain itself is concerned. BUT it has held above some important technical support levels like the $1027 to $1034 region, so we are happy to stay with the trend and back it to keep heading higher for now. <\/span><\/span><\/p>\n <\/span><\/span><\/p>\n Oil<\/strong> has been the one that has surprised us. We weren\u2019t expecting to see $75 again in a hurry but we\u2019re above here at present, so now there\u2019s scope for higher prices and we\u2019ve been forced to readjust our thinking. <\/span><\/span><\/p>\n <\/span><\/span><\/p>\n The Dollar\u2019s<\/strong> weakness is the other big topic that many have had on their minds of late. We are keeping a particularly close eye on Dollar\/Yen, actually, and want to see a move through 91.15 to take further pressure off the dollar. <\/span><\/span><\/p>\n <\/span><\/span><\/p>\n Finally just a reminder that we are exhibiting at the World Money Show this year. It takes place at the QE2 Conference Centre in London (bang opposite Big Ben) on October 30th<\/sup> and 31st<\/sup>. Admission is free, so register and be sure to come along and say hello. Click here<\/a> to register<\/strong><\/span><\/span><\/p>\n \n If you wish to benefit from our analysis on a daily basis it is just \u00a350 a month (+VAT). You can become a member by clicking here<\/a>. <\/strong><\/span><\/span><\/p>\n