Resistance level 1: 1.1011 Resistance level 2: 1.1042 Resistance level 3: 1.1098
Support level 1: 1.0923 Support level 2: 1.0867 Support level 3: 1.0836
Comment: The pair was trading bullish for the day as it almost went on to test the second resistance of 1.0998. For future trading references, if a bullish trend emerges then the resistance of 1.1011 could be broken and push the price up to 1.1042. However, if the downward trend continues then the support of 1.0923 may falter, which could pull the price lower to 1.0867.
Resistance level 1: 107.65 Resistance level 2: 108.10 Resistance level 3: 108.44
Support level 1: 106.87 Support level 2: 106.53 Support level 3: 106.08
Comment: The pair continues its bearish trend as it tested second support level of 106.9. If a bullish trend returns, then it might climb to the first resistance of 107.65 and extend further to 107.65. However, if the bears take over again then the pair could fall to 106.87 and possible to break the second support level of 106.53.
Resistance level 1: 1.2680 Resistance level 2: 1.2741 Resistance level 3: 1.2835
Support level 1: 1.2526 Support level 2: 1.2532 Support level 3: 1.2371
Comment: The pair continues its bullish trend and closed around the third resistnace level of 1.2626. If the bearish momentum returns, the pair may head lower to 1.2526 and then test the second support of 1.2532. Alternatively, if a bullish trend is formed the pair could rebound to 1.2680 level and head higher to 1.2741.
Resistance level 1: 0.6466 Resistance level 2: 0.6490 Resistance level 3: 0.6536
Support level 1: 0.6396 Support level 2: 0.6350 Support level 3: 0.6325
Comment: The bullish trend is still in force with the pair closing around the first and second resistance level. If the bearish momentum can resurface, then the first support level of 0.6396 might not hold and causing the pair to fall further to 0.6350. Conversely, the bulls may proceed and break the resistance level of 0.6466 and proceed higher to 0.6490.
Resistance level 1: 0.6135 Resistance level 2: 0.6165 Resistance level 3: 0.6201
Support level 1: 0.6070 Support level 2: 0.6035 Support level 3: 0.6004
Comment: The pair stayed neutral as it traded around the daily pivot. For an upward trend to return, the price needs to push higher to 0.6135, which can result in the second resistance level of 0.6165 being broken. Alternatively, if the bears gain momentum, the support level of 0.6070 may be tested which may pull the prices lower towards 0.6035.
Resistance level 1: 0.9652 Resistance level 2: 0.9706 Resistance level 3: 0.9734
Support level 1: 0.9570 Support level 2: 0.9542 Support level 3: 0.9488
Comment: The pair traded bearish for the day as it tested the second support level of 0.9603. For a bullish trend to emerge, the price level of 0.9652 needs to be broken, which could allow the pair to push higher to 0.9706 If the bears pull the pair lower to the support of 0.9570 then it may extend losses to 0.9542.
Resistance level 1: 1.3917 Resistance level 2: 1.3952 Resistance level 3: 1.3979
Support level 1: 1.3855 Support level 2: 1.3827 Support level 3: 1.3792
Comment: The pair is trading neutral and it stayed at or below the daily pivot throughout the day without testing any support. For future trading references, if the pair retreats towards the support level of 1.3855 then we may see the pair plummets toward 1.3827 region. For the bullish trend to emerge, the resistance of 1.3917 must be broken which can take the pair higher to 1.3952.
DOW JONES INDEX
Resistance level 1:24135 Resistance level 2:24357 Resistance level 3:24800
Support level 1:23469 Support level 2:23025 Support level 3:22803
Comment: The bulls broke the neutral trend during Tuesday’s trading session taking the index through the first resistance level of 23821. For future trading reference, if the bullish momentum continues the index could break the first resistance level of 24135 and push higher to 24357. Alternatively, the Dow falls through the first support level of 23469, then the second support level of 23025 could be tested.
Gold Spot Intraday
Resistance level 1: 1745.8 Resistance level 2: 1765.9 Resistance level 3: 1784.4
Support level 1: 1707.1 Support level 2: 1688.6 Support level 3: 1668.5
Comment: The bulls continued to dominate Tuesday’s trading session taking the pair through the first resistance level of 1730.7 and testing the second resistance level of 1751.0. If the bullish trend continues then the precious metal could break the first resistance level of 1745.8 and rise towards 1765.9. However, if gold falls through the first support of 1707.1, then the second support of 1688.6 may be broken.
Crude Oil Intraday
Resistance level 1: 28.75 Resistance level 2: 30.36 Resistance level 3: 31.46
Support level 1: 26.05 Support level 2: 24.94 Support level 3: 23.34
Comment: The bearish trend resurfaced on Tuesday as crude oil fell through the first support level of 27.11. If the bears continue, then oil may drop through the 26.05 level and test the second support of 24.94. On the other hand, if the trend reverses and the first resistance level of 28.75 is broken, then crude oil may push higher to 30.36.