Thursday, 28 May 2015

10am update - opening weakness

Equities open a touch weak, with the hourly cycle offering sp'2100 this afternoon. USD is clawing higher, +0.2% in the DXY 97.50s. Metals are weak, Gold -$5, whilst Oil is seeing sig' weakness, -1.5% in the $56s.




Well...  the setup is there.... now its simply a case of whether the bears have any sustained power to resume the downside we saw on Tuesday.

Commodities are naturally under particular pressure as the USD is threatening a jump into the DXY 98s later today.

notable weakness: energy stocks, RIG -3%, SDRL Oil continues to fall