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DJIA: Wall Street bulls ignore warnings as indices hit fresh 2016 highs

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    There is still no end in sight in the rally on Wall Street. The major US indices have hit new 2016 highs today, with financials leading the charge. Sentiment has been boosted by several factors lately. For a start, oil prices have recovered noticeably in recent weeks with a barrel of Brent crude now costing almost $45 and WTI about $42. The obvious impact of firmer oil prices have been on commodity stocks, which have recovered notably and with good volume. Added to this, central banks globally

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