US DOLLAR TECHNICAL ANALYSIS
Prices turned higher as expected
after producing a bullish Piercing Line candle pattern. A daily close
above the 38.2% Fibonacci retracement at 11901 exposes the 50% level at
11951.
S&P 500 TECHNICAL ANALYSIS
Prices are struggling to
maintain downward momentum after putting in a Bearish Engulfing
candlestick pattern but the setup remains technically valid for now,
warning that a double top may yet be confirmed at 2119.40 (February 25
high). A break below the 14.6% Fibonacci retracement at 2081.10 exposes
the 23.6% level at 2053.40.
GOLD TECHNICAL ANALYSIS
Prices found support at a familiar
range floor above $1175/oz once again. From here a push above the 50%
Fibonacci expansion at 1190.47 exposes the 38.2% level at 1196.26.
Alternatively, a move below the 61.8% Fib at 1184.69 targets the 76.4%
Fib at 1177.53.
CRUDE OIL TECHNICAL ANALYSIS
Prices are digesting gains after
rising to the highest level in five months. A break above the 50%
Fibonacci expansion at 67.55 exposes the 61.8% level at 69.01.
Alternatively, a move below the 38.2% Fib at 66.09 targets the 23.6%
expansion at 64.29
