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Oil stabilises and helps stocks

The US$ continues to creep higher but stocks received a boost as Oil pricing recovered. Gold is also higher and gave a new Bull Flag breakout from yesterday’s chart pattern.

 

Data: Watch today with lots of PMI data from AUD, EUR, GBP and USD regions.

 

Earnings: Earnings results are helping lift stocks so keep an eye on the bigger names this week:

 

DXY daily: creeping higher but on low momentum:

 

Trend line breakouts:

Gold 4hr: a $25 b/o from this Flag:

 

Other Markets:

S&P500 4hr: an up day but on declining momentum. Watch for any new 4hr chart trend line breakout:

 

Oil 4hr: seems to be finding some base

 

ASX-200 4hr: declining momentum here too but watch for any new 4hr chart trend line breakout:

 

EUR/USD 4hr: revised trend lines as momentum declines:

 

AUD/USD 4hr: seems to be shaping up in a Flag:

 

AUD/JPY 4hr: seems to be shaping up in a Flag here too:

 

NZD/USD 4hr: watch for any TL b/o:

 

GBP/USD 4hr: watch for any TL b/o:

 

USD/JPY 4hr: watch for any 108-107 channel b/o:

 

GBP/JPY 4hr: watch for any TL b/o: