EUR/USD - Working its way lower towards support in the low 133 area. Actually I don't expect this support will hold up for long and do look for a continuation deeper towards next support at 131.44.Short term I expect 135.17 protecting the upside for a break below 134.20, which confirms a continuation towards the low 133 area.
S&P 500 - Support at 1,236.75 is under fire, but we need a clear break below here and more importantly 1,227.44 to confirm that a top is firmly in place.As long as support at 1,227.44 isn't broken we can't exclude one last rally towards the 1,320 - 1,345 area, before down.
Gold - Eventhough we have broken below the minor support-line at 1,765 we haven't broken below important support at 1,735, which would confirm, that a top is in place for a decline towards 1,630 area. As long as support at 1,735 stay intact we can't exclude a new run higher towards 1,803 again, but it should be short lived.
Crude Oil - Has been surprising strong, but has now entered a triple resistance-zone, which I expect will protect the upside for a break below support at 97.92. A break below 97.92 should confirm that a top is in place for a new pressure to the downside, with 89.84 as first target.
Crude Oil - Has been surprising strong, but has now entered a triple resistance-zone, which I expect will protect the upside for a break below support at 97.92. A break below 97.92 should confirm that a top is in place for a new pressure to the downside, with 89.84 as first target.
No comments:
Post a Comment