Technical Pattern Analysis for US Dollar, S&P 500, GOLD and CRUDE OIL

Technical Pattern Analysis for US Dollar, S&P 500, GOLD and CRUDE OIL

12 November 2014, 12:11
EmmeMe
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US DOLLAR TECHNICAL ANALYSIS
Prices may be gearing up for a turn lower after prices produced a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11246, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23.6% level at 11211.


S&P 500 TECHNICAL ANALYSIS
Prices pushed to another record higher, with buyers now aiming to challenge resistance marked by the 23.6% Fibonacci expansion at 2051.00. A break above this barrier on a daily closing basis exposes the 38.2% level at 2081.20.


GOLD TECHNICAL ANALYSIS
Prices turned lower anew after testing resistance in the 1178.86-80.84 area marked by the December 2013 low and the 23.6% Fibonacci retracement. Near-term support is at 1131.11, the 76.4% Fibonacci expansion.


CRUDE OIL TECHNICAL ANALYSIS
Prices edged below the 38.2% Fibonacci expansion at 82.22, exposing the 50% level at 80.46. A further move beneath that targets the 61.8% Fib at 78.70.


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