Resistance level 1: 1.0886 Resistance level 2: 1.0915 Resistance level 3: 1.0950
Support level 1: 1.0822 Support level 2: 1.0787 Support level 3: 1.0758
Comment: The pair traded neutral and closed near the daily pivot region again. For future trading references, if a bullish trend emerges then the resistance of 1.0886 could be broken and push the price up to 1.0915. However, if the downward trend returns then the support of 1.0822 may falter, which could pull the price lower to 1.0787.
Resistance level 1: 108.00 Resistance level 2: 108.25 Resistance level 3: 108.61
Support level 1: 107.39 Support level 2: 107.03 Support level 3: 106.78
Comment: The pair continues to exhibit a neutral trend and traded between last two trading day’s range. If a bullish trend returns, then it might climb to the first resistance of 108.00 and extend further to 108.25. However, if the bears take over again then the pair could fall to 107.39 and possible to break the second support level of 107.03.
Resistance level 1: 1.2406 Resistance level 2: 1.2528 Resistance level 3: 1.2607
Support level 1: 1.2205 Support level 2: 1.2125 Support level 3: 1.2004
Comment: The bears took control as the pair closed at the third support level of 1.2316. If a bearish momentum returns, the pair may head lower to 1.2205 and then test the second support of 1.2125. Alternatively, if a bullish trend is formed the pair could rebound to 1.2406 level and head higher to 1.2528.
Resistance level 1: 0.6333 Resistance level 2: 0.6386 Resistance level 3: 0.6426
Support level 1: 0.6239 Support level 2: 0.6199 Support level 3: 0.6146
Comment: The bears lost momentum once they reached the third support level but overall, the pair is still bearish as it closed around the second support level of 0.6419. If the bearish momentum can resurface, then the first support level of 0.6239 might not hold and causing the pair to fall further to 0.6199. Conversely, the bulls may proceed and break the resistance level of 0.6333 and proceed higher to 0.6386.
Resistance level 1: 0.6020 Resistance level 2: 0.6088 Resistance level 3: 0.6131
Support level 1: 0.5909 Support level 2: 0.5866 Support level 3: 0.5798
Comment: The pair closed between the first and second support region and traded bearish for the day. For an upward trend to continue, the price needs to push higher to 0.6020, which can result in the second resistance level of 0.6088 being broken. Alternatively, if the bears gain momentum, the support level of 0.5909 may be tested which may pull the prices lower towards 0.5866.
Resistance level 1: 0.9723 Resistance level 2: 0.9754 Resistance level 3: 0.9780
Support level 1: 0.9665 Support level 2: 0.9639 Support level 3: 0.9608
Comment: The attempted a bullish breakout but got rejected at the second resistance level and closed below the first resistance level of 0.9700. For a bullish trend to emerge, the price level of 0.9723 needs to be broken, which could allow the pair to push higher to 0.9754 If the bears pull the pair lower to the support of 0.9665 then it may extend losses to 0.9639.
Resistance level 1: 1.4278 Resistance level 2: 1.4347 Resistance level 3: 1.4429
Support level 1: 1.4127 Support level 2: 1.4044 Support level 3: 1.3975
Comment: The bulls lost some momentum at the second resistance and the pair closed at first resistance. For future trading references, if the pair retreats towards the support level of 1.4127 then we may see the pair plummet toward 1.4044 region. For the bullish trend to emerge, the resistance of 1.4278 must be broken which can take the pair higher to 1.4347.
DOW JONES INDEX
Resistance level 1:23827 Resistance level 2:24324 Resistance level 3:24686
Support level 1:22968 Support level 2:22605 Support level 3:22108
Comment: The bears continued to dominate during Tuesday’s trading session taking the Dow below the second support level. For future trading reference, if the bullish momentum returns the index could break the first resistance level of 23827 and push higher to 24324. Alternatively, the Dow falls through the first support level of 22968, then the second support level of 22605 could be tested.
Gold Spot Intraday
Resistance level 1: 1701.1 Resistance level 2: 1718.1 Resistance level 3: 1738.5
Support level 1: 1663.7 Support level 2: 1643.4 Support level 3: 1626.4
Comment: The precious metal experienced a volatile trading session breaking the second support level of 1658.7, before retracting towards the daily pivot of 1689.4 ending the day sideways. If the bullish trend returns, then the precious metal could break the first resistance level of 1701.1 and rise towards 1718.1. However, if gold falls through the first support of 1663.7, then the second support of 1643.4 may be broken.
Crude Oil Intraday
Resistance level 1: 22.34 Resistance level 2: 30.61 Resistance level 3:37.83
Support level 1: 6.84 Support level 2: - Support level 3: -
Comment: The bearish trend continued to dominate as crude oil plummeted through all three support levels hitting daily lows of 7.89. If the bears continue, then oil may drop through support level of 6.84. On the other hand, if the trend reverses and the first resistance level of 22.34 is broken, then crude oil may push higher to 30.61.