Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Access both platforms from your single Saxo account.
Technical Update - Brent and WTI Crude oil breaking bullish. Dutch gas lower. Henry Hub gas higher
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: Brent and WTI Crude oil have broken bullish out of its week long range bound pattern. 5-10% upside potential
Dutch Gas sliding lower testing key support. Bounce or break?
Henry Hub gas short-term uptrend. $3 resistance could be tested
Brent Crude oil closed yesterday above resistance at around 78.66 thereby breaking bullish out of its range bound trading.
RSI closed above 60 threshold supporting the bullish move and if Brent oil also closes above the Cloud i.e. above 79.38 the bullish picture is complete.
A bullish picture that could take Brent oil to the 200 daily Moving Average and resistance around 82.50-83.00. If closing above 83 there is upside potential to around 87-88.
If that scenario plays out Brent oil would also break above its medium-term falling trendline.
To establish a bullish medium-term trend a close above 89.10 is needed.
If Brent Oil slides back into its range and closes below 75 the bullish scenario has been demolished
Light Sweet Crude oil (WTI) is at the time of writing trading above resistance around 74.75. WTI is above the Cloud and RSI is above 60 threshold strongly indicating WTI is likely to move higher in coming weeks.
Some resistance around the 200 daily Moving Average and at around 79.18. A close above 79.18 is likely to lead to 83.25-83.50
If WTI slides back to close below 70 the short-term uptrend is demolished.
Medium-term on the weekly chart the 200 Moving Average has proven too strong a support for Bears to take out.
Strong resistance at around 83.50.
Dutch TTF gas has resumed down trend after being rejected at 50 resistance level. Currently testing 0.786 retracement Dutch gas could drop further if closing below 28.10.
RSI is currently testing 40 threshold a close below will confirm down trend. A bounce could lead to Dutch gas bounding to around 37-38.
To reverse the short-term down trend a close above 39.80 is needed.
Henry Hub Gas in a short-term uptrend that could take it to test resistance at around 3.00
A close below 2.53 is likely to reverse the uptrend. A break below its lower rising trendline could be first warning of that scenario to play out.
RSI is bullish indicating higher Gas prices
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...
Disclaimer
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)