Technical Trading
Date: 18.05.2008   
GMT
09:10:16
Moscow
12:10:16
New York
01:10:16
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18:10:16
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11:10:16
 
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UNIVERSAL TRUTH: While trader studied market situation, the latter suddenly and sharply changed.
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S&P500

Support: - 1417.00(main). Break will give 1409.06, where correction could be. Then follows 1401.60, where correction could also be. Be there a strong impulse, we would see 1395.00. Continuation will lead to 1388.24 and 1382.34.
Resistance: - 1428.72(main), where a correction may happen. Break would result in 1437.19, where correction may be. Then 1446.64. Be there a strong impulse, we would see 1457.57. Continuation will lead to 1469.53.

NASDAQ

Support: - 2494.68, 2489.40, 2479.50 and 2463.70(main),
break will give 2459.50, where correction could be. Then follows 2427.00, where correction could also be. Be there a strong impulse, we would see 2416.10. Continuation will lead to 2394.64.
Resistance: - 2542.50(main), where a correction may happen. Break would result in 2556.63, where correction may be. Then 2569.57. Be there a strong impulse, we would see 2581.80. Continuation will give 2590.31.

GOLD

Support: - 875.80, 868.50, 863.00 and 859.20(main).
Break of the latter will give 852.19, where a correction is possible. Then 843.70, where a correction is also possible. Be there a strong impulse, we would see 832.50. Continuation will bring 829.66.
Resistance: - 883.80, 887.40 and 891.00(main), where a correction may happen. Break would bring 895.13, where a correction may also happen. Then follows 900.00. Be there a strong impulse, we’d see 909.88. Continuation would bring 914.06.

SILVER

Support: -  16.61, 16.42 and 16.36(main).
Break of the latter would give 16.28 where correction may happen. Then  goes 16.20, where correction can also be. If a strong impulse, we would see 16.08. Continuation would give 16.00 and 15.82.
Resistance :  -  16.83, 17.01, 17.19 and 17.28 (main), where correction is possible. Break will lead to 17.33, where again may be a correction. Then  follows 17.47. If a strong impulse, we would have 17.64. Continuation would give 17.82.
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Today's analysis

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

Provided by Nikolajs Serikovs, Riga, Republic of Latvia
e-mail: vilks49@yahoo.com , phone: +371 29 824 388

Dear visitors! Those interested to look through the Archive for Indices, Gold and Silver may do it here
http://www.fxstreet.com/futures/indices/index-recommended-levels/.


May 16, 2008

GMT  03:26

Several words about the EUR/USD future.
Resistance (daily close) :  1.4692 and 1.4884. Then 1.5117, 1.5386, 1.5592 and 1.5660. Break of the letter will lead to 1.5865, 1.7280 и 1.9430.
Support (daily close) : : 1.4366, 1.3972, 1.3770 and 1.3567. Then 1.3411, 1.3263, 1.3106 and  1.2964 (published on  07.11.2007).

Dow Jones :
Resistance(daily close)
: 13 567.60, 13 668.74 and 13 792.53. Then 13 972.50, 14 045.62, 14 124.38 and 14 225.63. Break of the latter will lead to 14 298.75, 14 414.06, 14 501.28 и 14 578.94.
Support(daily close): 13 395.94, 13 162.60, 13 038.74 and 12 937.40. Then 12 743.40, 12 652.03,  12 506.84, 12 397.40, 12 214.70, 12 116.25, 12 048.05, 11 913.40 и 11 864.53. Break of the latter will lead to 11 694.36, 11 593.13, 11 328.75 и 11 131.87 (published on May 18, 2007).

Light Crude :
Support (daily close): 87.20, 84.94, 80.43, 71.88, 70.43, 68.06, 66.30, 64.66, 62.33 and 60.97. Then follow  58.27, 57.62, 56.47, 54.34, 52.20 и 50.36. Next levels - 48.32, 46.80 и 45.06.
Resistance(daily close) :95.73, 98.21, 99.45, 101.48 and 102.27 (published on October 30, 2007). Next levels 103.73, 105.32, 106.54, 109.35, 112.56 and 117.28. Then follow 121.50, 124.03 and 126.56 (added on February 29, 2008). Continuation will bring 132.73, 135.08, 139.92, 141.46 and 144.00( added on May 12, 2008).

Light Crude Oil charts can be seen here :
http://futures.tradingcharts.com/javachart/CO/68.

EUR/USD

Today’s support: - 1.5435 and 1.5411(main), where correction is possible. Break would give 1.5386, where correction also may be. Then follows 1.5361. Break of the latter would result in 1.5334. If a strong impulse, we would see 1.5312. Continuation will give 1.5288.
Today’s resistance:  - 1.5503, 1.5514 and 1.5528(main). Break would give 1.5544, where a correction is possible. Then goes 1.5571. Break of the latter would result in 1.5596. If a strong impulse, we’d see 1.5618. Continuation will give 1.5634.

USD/JPY

Today’s support: - 104.37 and 103.92(main). Break would bring 103.77, where correction is possible. Then 103.52. If a strong impulse, we would see 103.16. Continuation would give 102.98.
Today’s resistance: - 105.09, 105.38 and 105.54(main), where a correction may happen. Break would bring 105.73, where also a correction may be. Then 106.06. If a strong impulse, we would see 106.30. Continuation will give 106.52.

DOW JONES INDEX

Today’s support: - 12 947.68, 12 917.81 and 12 892.46(main),
where a delay and correction may happen. Break of the latter will give 12 872.11, where correction also can be. Then follows 12 857.34. Be there a strong impulse, we would see 12 813.72. Continuation will bring 12 780.00.
Today’s resistance: - 13 013.44(main), where a delay and correction may happen. Break would bring 13 030.31, where a correction may happen. Then follows 13 050.14, where a delay and correction could also be. Be there a strong impulse, we’d see 13 100.63. Continuation would bring 13 117.50.

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