Technical Trading
Date: 25.07.2008   
GMT
12:26:28
Moscow
15:26:28
New York
04:26:28
Tokyo
21:26:28
Riga
14:26:28
 
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UNIVERSAL TRUTH: While trader studied market situation, the latter suddenly and sharply changed.
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S&P500

Support: - 1246.20, 1238.00 and 1226.30(main). Break will give 1214.30, where correction could be. Then follows 1206.56, where correction could also be. Be there a strong impulse, we would see 1186.86. Continuation will lead to 1172.11.
Resistance: - 1265.66, 1277.58, 1282.54 and 1293.76(main), where a correction may happen. Break would result in 1305.00, where correction may be. Then 1319.06. Be there a strong impulse, we would see 1327.50. Continuation will lead to 1338.77.

NASDAQ

Support: - 2273.00, 2261.26 and 2252.80(main),
break will give 2229.00, where correction could be. Then follows 2212.30, where correction could also be. Be there a strong impulse, we would see 2195.20. Continuation will lead to 2182.50 and 2165.63.
Resistance: - 2303.44, 2317.07 and 2328.75(main), where a correction may happen. Break would result in 2337.19, where correction may be. Then 2351.14. Be there a strong impulse, we would see 2365.28. Continuation will give 2379.30.

GOLD

Support: - 919.68, 910.00 and 904.22(main). Break of the latter will give 897.19, where a correction is possible. Then 887.34, where a correction is also possible. Be there a strong impulse, we would see 866.30. Continuation will bring 859.22.
Resistance: - 936.56 and 956.30(main), where a correction may happen. Break would bring 967.40, where a correction may also happen. Then follows 973.12. Be there a strong impulse, we’d see 978.80. Continuation would bring 987.19.

SILVER

Support: - 17.37, 17.14 and 17.01(main). Break of the latter would give 16.83,  where correction may happen. Then  goes 16.60, where correction can also be. If a strong impulse, we would see 16.46. Continuation would give 16.38.
Resistance :  - 17.83 and 18.00(main), where correction is possible. Break will lead to 18.09, where again may be a correction. Then  follows 18.27. If a strong impulse, we would have 18.41. Continuation would give 18.54.

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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/.


July 25, 2008

GMT  04:56

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, 11 970.00, 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: - 1.5660, 1.5643 and 1.5612 (main), where correction is possible. Break would give  1.5594, where correction also may be. Then follows 1.5568. Break of the latter would result in 1.5546. If a strong impulse, we would see 1.5527. Continuation will give 1.5514 and 1.5487.
Today’s resistance:  - 1.5715, 1.5731 and 1.5760 (main). Break would give 1.5782, where a correction is possible. Then goes 1.5805. Break of the latter would result in 1.5828. If a strong impulse, we’d see 1.5851. Continuation will give 1.5874.

USD/JPY

Today’s support: - 106.87 and 106.65(main). Break would bring 106.50, where correction is possible. Then 106.33. If a strong impulse, we would see 106.20. Continuation would give 106.04.
Today’s resistance: - 107.33, 107.50, 107.88 and 108.11(main), where a correction may happen. Break would bring 108.26, where also a correction may be. Then 108.38. If a strong impulse, we would see 108.54. Continuation will give 108.73 and 108.90.

DOW JONES INDEX

Today’s support: - 11 325.94(main),
where a delay and correction may happen. Break of the latter will give 11 290.00, where correction also can be. Then follows 11 261.60. Be there a strong impulse, we would see 11 238.68. Continuation will bring 11 193.54 and 11 160.00.
Today’s resistance: - 11 377.96 and 11 441.22(main), where a delay and correction may happen. Break would bring 11 478.00, where a correction may happen. Then follows 11 514.30, where a delay and correction could also be. Be there a strong impulse, we’d see 11 542.40. Continuation would bring 11 576.23 and 11 610.00.

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