Daily markets morning round-up: E-mini S&P, gold & crude

The S&P 500 closed at the highest level since Feb. 1 for the second time this week and extended gains overnight, this is surely a breakout isn’t it? Not so fast, we will discuss this in the technical section below. Global equity markets are all higher and being led by the Nikkei, which is up almost 2%, about half of which came during yesterday’s U.S. hours (Nikkei futures are up about 1%). This strong 48-hour move comes as the Japanese yen has completely broken down through long-term technical support.

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From:: Resource Investor