Technical Analysis

The Dow(US30) continues choppy upturn The Dow(US30) shrugged off the latest credit downgrade to end another positive session. A move above the recent high of 42500 has put bears under pressure, and with layers of support underneath,…
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USOIL (WTI OIL) feeling the pressure USOIL (WTI OIL) fell over 1% again as geopolitical tensions continued to simmer. The price has given up some of its monthly gains, and the bearish bias could attract more selling interest. A drop…
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Gold managed to hit the target zone of 3230-60 again today. As we see over the chart and as long as the market holds below the resistance of 3230-60, another drop swing toward the 3120-50 support zone has a chance. Above 3260 more…
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The Dow managed to meet the target of 42560 with a strong chance still ongoing toward the second target of 42835. As we see over the chart and as long as the market holds Intraday trades above 42100-200, the advance could push toward the…
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USDJPY managed to drop today to hit a 144.80 low. As we see over the chart prices could head again for another advance toward the resistance zone at 148.20-60. Below 144.40-80 the market could head for a further drop towards…
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Crude Oil hit the targets of 61.50 and resistance 63.50 whilst dropping and closing again to support zone of 59.50-90. As we see over the chart and as long as the market holds above the support of 59.50-90, another advance wave toward…
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The Pound still hold below the downtrend resistance zone which is now around 1.3325-60. As long as the market holds below this resistance zone, another drop will be expected to test the 1.3200-20 zone while below this level more of a…
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The Euro managed to print a 1.1065 low and rebounded towards the resistance zone at 1.1265. So far, this trading zone still holds the market. Above 1.1290 more advance toward 1.1380-1.1425 could hit the market. Below 1.1030 a further…
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SPX500 (S&P) jumps higher The SPX500 (S&P) climbed for a fourth straight session as the US and China tariff agreement rumbles on. With Treasury yields also falling, this provided a boost to stocks. The jump above 5700 indicates…
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