Analysts at the bank are bullish
about emerging markets and Japan, as valuations in Europe and US remain high.
As we approach the key price target for the FTSE100 at 6150, the price bars are trading in a narrow range but with a bullish
Silver has also been consolidating through the week, holding the bullish
bias just like in the gold 4H chart.
Like Nomura, the stock appears to be biding its time for bullish
news to develop, as it is already 28 percent down from modest rebound highs in April of last year.
Cruz said: ``The next target for Bullish
Luck will be the Group 1 Queen Elizabeth II Cup on April 24.
Moving Average Crossover</strong><br> A Bullish
Moving Average Crossover occurs when MACD moves above its 9-day EMA, or trigger line.
Herb Black with American Iron & Metal, Montreal, Quebec, Canada, expressed the most bullish
outlook for copper.
While Carlson is bullish
in the long term, for the next three weeks to three months, he believes the market will become increasingly vulnerable.
Adding to his overall bullish
sentiment, if China comes in stronger, there could be further increases in aluminum scrap pricing.