BREAKING: PPI data
- Core PPI comes in at 0% m/m vs 0.2% forecast - Core PPI comes in at 1.8% y/y vs 2% forecast - Headline PPI comes in at -0.1% m/m vs forecast of 0.1% - Headline PPI comes in at 1% y/y vs 1.3% forecast A colder than expected print across all readings! Source: Bloomberg, Markets & Mayhem
Franco-Nevada testing again major support zone
Franco-Nevada (FNV US) is testing for a second time since December major support zone 105-109 ! This level is key as stock is in a trading range 105 - 170 since 2020 ! . Will it rebound once again ? Source : Bloomberg
Total return bond analysis update
Source: Althea Spinozzi, Saxo, Bloomberg
SGS under pressure, on long term swing support
SGS (SGSN SW) is down more than 5% this morning and 43% since January 2022 highs ! Keep an eye at 72.06 support over the next few days. Source : Bloomberg
AstraZeneca still in consolidation mode
AstraZeneca (AZN LN) is still consolidating since April (down 20%) but it's getting close to the tip of the triangle, so keep an eye, could see a move soon ! Source : Bloomberg.
Nestle back on major level
Nestle (NESN VX) has consolidated 25% since July 2022. It's now on 2009 majort support level. Keep an eye at this key level. Source : Bloomberg
Russel 2000 Index always in the 20 months range
Russel 2000 Index (RTY) remains in the range 1640-2020 since 20 months ! It's now approaching the upper band. Will it have enough strenght to breakout ? Source : Bloomberg
Shell on uptrend support
Shell consolidated 12% since October highs. Bullish trend remains strong. Stock is back on July 2021 uptrend. Is it time for a rebound ? Source : Bloomberg
