Technical Monthly: Oct 2023 – Downtrend underway but expected rebound in US Equities and Bonds November 3, 2023 212

Summary of Asset Classes Performance in October & Outlook:

 

As we head into November, further downside is likely for Oil, Singapore Equities and Hang Seng Index with weak price action expected to continue. For Gold and Bitcoin, their respective bullish outlook remain intact with some possible consolidation ahead.

For S&P 500 and US Treasury Bonds, some recovery in price is expected from near-term supports.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst
PSR

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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