As regular 80-20 Investor members know, periodically I like to look at what technical analysis suggests about where key markets might be headed next. However, it's been more than a year since I last wrote a technical analysis piece. Therefore, it's an opportune time to take a look at the technical analysis for several key markets, especially given the trend reversals we've seen as a result of the war in the Middle East.
Remember, technical analysis is not a crystal ball but instead gives you a range of possible outcomes and levels to watch. In volatile market conditions like we have now, technical analysis tends to prove particularly useful and traders and professional investors start to pay greater attention to it.
As ever, I like to recap what technical analysis is and how it works. I always advise investors not to try and time the market because they will never get it right.
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