Technical Analysis for US Dollar, S&P 500, Gold and Crude Oil - prices is trending below the $1200/oz figure for gold
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Technical Analysis for US Dollar, S&P 500, Gold and Crude Oil - prices is trending below the $1200/oz figure for gold

17 June 2015, 15:11
Sergey Golubev
Sergey Golubev
2
155
US DOLLAR TECHNICAL ANALYSIS – Prices paused to digest losses after sliding to the weakest level in three weeks. Near-term support is at 11834-9 area (May 20 close, 50% Fibonacci retracement), with a break below that on a daily closing basis exposing the 61.8% level at 11790.

S&P 500 TECHNICAL ANALYSIS – Prices pulled back to test rising trend line support set from late-March lows once again, a barrier reinforced by the 61.8% Fibonacci retracement at 2077.20. A break below that targets the 76.4% level at 2063.00.

GOLD TECHNICAL ANALYSIS – Prices continue to tread water below the $1200/oz figure. A break above the June 10 high at 1192.23 exposes the 50% Fibonacci retracement at 1197.47.

CRUDE OIL TECHNICAL ANALYSIS – Prices may be resuming the recovery launched from mid-January lows after completing a Flag continuation pattern. Near-term resistance is at 66.69, the 23.6% Fibonacci expansion, with a break above that exposing the 38.2% level at 70.25. Alternatively, a move below the 63.08-39 area (Flag top resistance-turned-support at, rising trend line) targets the 38.2% Fib retracement at 60.27.
#gold, S&P 500, technical analysis, crude oil
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