Technical Monthly: Sep 2023 Downside risk to most assets, Oil and Bitcoin could see potential for gains October 2, 2023 186

Summary of Asset Classes Performance in September & Outlook:

 

In terms of outlook for October, further downside is likely for Gold and Hang Seng Index with weak price action expected to continue. For S&P 500, US Treasury Bond and Singapore Equities, some recovery in price is expected with high likelihood of rangebound trading if the prices rebound from near-term supports. Oil and Bitcoin have potential to post gains in the month ahead should the prices breakout of the current consolidation.

 

 

 

 

 

 

 

 

 

 

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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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