Great chart uncertainty for Oil

CURRENCIES: Long and medium term charts point to further Dollar weakening against both the Euro and the Pound - watch for trigger moves in the very short term. The Yen is less clear, remaining within a range.

STOCKS: These markets are edging better, but lack compelling short-term patterns to seal the bullish deal. Close to completion rather than having completed.

BONDS: Like the stocks, there are question marks that prevent whole-hearted commitment to these markets. They are close to bear price/bull yield structures - but have yet to complete patterns and convince.


COMMODITIES: Oil has edged better towards massive long-term resistance, but in so doing is very close to climbing above prior highs and possibly gaining further bull momentum. Stand back. Gold remains vulnerable but without clarity for the moment.