The Takeaway: the S & P 500 is about to confirm a training table pad while the U.S. Dollar is will to resistance key in place since early 2011.
S & P 500 - unchanged since yesterday: "the prices seem to be earning a high graphic formation of the head and shoulders." Confirmation is required on a near daily under the support of the neckline to 1392.10, which would expose them to a goal of decline measured at 1359.30. Short term resistance lines to the 1402.90, the 23.6% Fibonacci expansion level. »
Daily chart - created with FXCM Marketscope 2.0 Crude oil - recovered costs of support in the area of 101 19 - 101 28 to retest old resistance in the region of 102 97-103 21. A break above this limit faces 38.2% Fibonacci allows 104.75. Alternatively, a reversal, the support is a rising trend line now the value from mid-December to 99.84
Daily chart - created with FXCM Marketscope 2.0 Discover gold - price interim support to 1615.46, the 50% Fibonacci expansion, amounting to resistance to short 1634.76 term marked by 38.2% level. A break above this limit is the 23.6% Fib to 1658.51. Alternatively, a break of support is the expansion of 61.8%, to 1596.16.
Daily chart - created with FXCM Marketscope 2.0 Us DOLLAR - prices are higher to challenge the 10081-10134 area which has selected the greenback since mid January 2011. The outer limit of the region is reinforced by the extension of Fibonacci 61.8%, 10071. Short-term support aligns to 9996, 38.2% Fib.
S & P 500 - unchanged since yesterday: "the prices seem to be earning a high graphic formation of the head and shoulders." Confirmation is required on a near daily under the support of the neckline to 1392.10, which would expose them to a goal of decline measured at 1359.30. Short term resistance lines to the 1402.90, the 23.6% Fibonacci expansion level. »
Daily chart - created with FXCM Marketscope 2.0 Crude oil - recovered costs of support in the area of 101 19 - 101 28 to retest old resistance in the region of 102 97-103 21. A break above this limit faces 38.2% Fibonacci allows 104.75. Alternatively, a reversal, the support is a rising trend line now the value from mid-December to 99.84Daily chart - created with FXCM Marketscope 2.0 Discover gold - price interim support to 1615.46, the 50% Fibonacci expansion, amounting to resistance to short 1634.76 term marked by 38.2% level. A break above this limit is the 23.6% Fib to 1658.51. Alternatively, a break of support is the expansion of 61.8%, to 1596.16.
Daily chart - created with FXCM Marketscope 2.0 Us DOLLAR - prices are higher to challenge the 10081-10134 area which has selected the greenback since mid January 2011. The outer limit of the region is reinforced by the extension of Fibonacci 61.8%, 10071. Short-term support aligns to 9996, 38.2% Fib.
