Weekly Technical Forecast: Will Liquidity Define the Equities, EURUSD and Oil Reversals?

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Calling a true recovery for crude oil owing to a three day steadying is extremely risky against the backdrop of a near 30 percent collapse for the commodity.

The Pound faced a tumultuous trading week with a breakdown in Brexit optimism as members of Parliament voiced outrage over a proposed Brexit deal text.

The Dollar hit a 16-month high last week, but it will begin the upcoming period distorted by low liquidity in retreat and eyeing medium-term support.

The November recovery was further peeled back this week as sellers remained in global equities.

The Euro has mounted a spirited recovery from mid-November lows but overall positioning continues to look decidedly bearish, hinting at deep losses further ahead.

Gold prices snapped a two-week losing streak after rebounding from technical support. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.

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