CRUDE OIL TECHNICAL ANALYSIS (based on dailyfx article)
Prices narrowly edged above resistance at 100.73, the December 27 high, exposing the February 12 top at 101.36 and the 76.4% Fibonacci expansion at 101.86. A break above the latter level exposes the 100% level at 103.59. Alternatively, move back below 100.73 sees initial support at 99.88, the 14.6% Fib retracement.
GOLD TECHNICAL ANALYSIS (based on dailyfx article)
Prices are recoiling from trend line resistance set from April 2013. A break below initial support at 1295.85, the 23.6% Fibonacci retracement, exposes the 38.2% level at 1273.49. Trend line resistance is currently at 1328.07.
S&P 500 TECHNICAL ANALYSIS (based on dailyfx article)
Prices are in the midst of the longest string of consecutive daily gains in seven months. Buyers are testing resistance in the 1840.20-47.90 area, marked by the 50% Fibonacci expansion and the index’s 2013 closing high. Breaking above this boundary initially targets the 61.8% level at 1864.30. Alternatively, a reversal below support in the 1805.70-20.60 area aims for a horizontal pivot level at 1773.40.