Technical Trading
Date: 20.08.2008   
GMT
02:18:12
Moscow
05:18:12
New York
18:18:12
Tokyo
11:18:12
Riga
04:18:12
 
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UNIVERSAL TRUTH: While trader studied market situation, the latter suddenly and sharply changed.


NEWS FROM FOREX CAPITAL MARKETS
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S&P500

Support: - 1272.10 and 1258.24(main). Break will give 1246.20, where correction could be. Then follows 1238.00, where correction could also be. Be there a strong impulse, we would see 1226.27. Continuation will lead to 1214.30.
Resistance: - 1293.77, 1305.00 and 1312.03(main), where a correction may happen. Break would result in 1319.06, where correction may be. Then 1327.50. Be there a strong impulse, we would see 1338.77. Continuation will lead to 1350.00.

NASDAQ

Support: - 2416.00, 2404.68 and 2385.00(main), break will give 2377.90, where correction could be. Then follows 2362.52, where correction could also be. Be there a strong impulse, we would see 2354.06. Continuation will lead to 2340.00.
Resistance: - 2432.81, 2455.30 and 2463.73(main), where a correction may happen. Break would result in 2477.81, where correction may be. Then 2491.86. Be there a strong impulse, we would see 2500.30. Continuation will give 2514.37.

GOLD

Support: - 780.37(main). Break of the latter will give 770.60, where a correction is possible. Then 757.96, where a correction is also possible. Be there a strong impulse, we would see 745.31. Continuation will bring 733.35 and 720.00.
Resistance: - 798.75, 805.37 and 811.50 (main), where a correction may happen. Break would bring 821.95, where a correction may also happen. Then follows 832.50. Be there a strong impulse, we’d see 860.63. Continuation would bring 877.70.

SILVER

Support: - 12.33 and 12.12(main). Break of the latter would give 14.18,  where correction may happen. Then  goes 14.04, where correction can also be. If a strong impulse, we would see 13.93. Continuation would give 13.68 and 13.52.
Resistance :  - 12.87 and 13.25(main), where correction is possible. Break will lead to 13.40, where again may be a correction. Then  follows 13.62. If a strong impulse, we would have 13.77. Continuation would give 13.94.


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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/technical/forex-strategy/index-recommended-levels/.


August 19, 2008

GMT  04:04

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 and 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)
: 11 520.30, 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Then 13 567.60, 13 668.74 и 13 792.53.   Break of the latter will lead to 13 972.50, 14 045.62, 14 124.38 and 14 225.63 (published on July 14, 2008).
Support(daily close): 11 036.25, 10 980.00, 10 930.78, 10 800.00 and 10 718.45. Then 10 535.60, 10 428.80, 10 313.44, 10 125.00 and 10 046.30. Break of the latter will lead to 9990.00, 9911.25, 9722.70, 9360.11, 9084.30 and 8910.20 (published on July 14, 2008).

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 and 50.36. Next levels - 48.32, 46.80 and 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).
Next levels :
149.06, 151.88, 154.13, 157.36, 159.46, 162.00, 169.87 and 172.13(added on July 04, 2008).

Light Crude Oil charts can be seen here :
http://futures.tradingcharts.com/javachart/CO/98 .   

EUR/USD

Today’s support: - 1.4667 and 1.4646 (main), where correction is possible. Break would give  1.4625, where correction also may be. Then follows 1.4603. Break of the latter would result in 1.4576. If a strong impulse, we would see 1.4552. Continuation will give 1.4624 and 1.4501.
Today’s resistance:  - 1.4718 amd 1.4737(main). Break would give 1.4763, where a correction is possible. Then goes 1.4780. Break of the latter would result in 1.4804. If a strong impulse, we’d see 1.4815. Continuation will give 1.4836 and 1.4884.

USD/JPY

Today’s support: - 109.52 and 109.20(main). Break would bring 109.06, where correction is possible. Then 108.84. If a strong impulse, we would see 108.50. Continuation would give 108.33.
Today’s resistance: - 110.14, 110.48 and 110.70(main), where a correction may happen. Break would bring 110.93, where also a correction may be. Then 111.14. If a strong impulse, we would see 111.34. Continuation will give 111.63.

DOW JONES INDEX

Today’s support: - 11 425.76 and 11 382.18(main),
where a delay and correction may happen. Break of the latter will give 11 363.60, where correction also can be. Then follows 11 641.40. Be there a strong impulse, we would see 11 311.90. Continuation will bring  11 289.37, 11 265.63 and 11 237.34.
Today’s resistance: -  11 522.40 and 11 546.02(main), where a delay and correction may happen. Break would bring 11 576.20, where a correction may happen. Then follows 11 593.13, where a delay and correction could also be. Be there a strong impulse, we’d see 11 611.38. Continuation would bring 11 656.00.

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