Weekly Trends & Signals: S&P 500, Gold, Crude Oil, EURUSD, KOSPI, RTSI

Gold and crude oil are still above their long term support. Short term trends are now mildly up in gold and crude with hints that bottoms may be formed here. As of now, neither short term, nor long term up trend is confirmed in any of these two. S&P 500 is approaching close to its long term target and will soon face itself in between a rock and a hard place.

This weekly Trend Analysis & Signals table uses a proprietary algorithm to identify trend direction, strength of trend, & entry/exit signals. It also indicates key support/ resistance levels based on traditional technical analysis.

Abbreviations used -

• PCP = Previous closing price
• S2 = Second support, S1 = First support
• R1 = First resistance, R2 = Second resistance

Weekly Trends & Signals: S&P 500, Gold, Crude Oil, EURUSD, KOSPI, RTSI

Gold, crude oil may breach their long term support and EURUSD has already broken it. Trends are down in all three and even a long term downtrend may be expected. Gold and crude are both trending down which is a risky situation to trade as there may not be any short term cyclic patterns where a positional swing trader may identify peaks or troughs.

This weekly Trend Analysis table uses a proprietary algorithm to identify trend direction, strength of trend, & entry/exit signals. It also indicates key support/ resistance levels based on traditional technical analysis.

Abbreviations used -

• PCP = Previous closing price
• S2 = Second support, S1 = First support
• R1 = First resistance, R2 = Second resistance

EURUSD, Gold, Crude

Exit all 3 longs. Gold 1160, crude 49.65, EURUSD 1.0756 

RTSI

Exit long near CMP 880

Weekly Trends & Signals: S&P 500, Gold, Crude Oil, EURUSD, KOSPI, RTSI

Gold, crude oil, and EURUSD are still above their long term support with indications of bottom formation. The current levels are crucial and if a bounce does not take place at these levels, then a long term downtrend may be expected, though we are still holding positions.

This weekly Trend Analysis table uses a proprietary algorithm to identify trend direction, strength of trend, & entry/exit signals. It also indicates key support/ resistance levels based on traditional technical analysis.

Abbreviations used -

• PCP = Previous closing price
• S2 = Second support, S1 = First support
• R1 = First resistance, R2 = Second resistance

KOSPI

Exit KOSPI long near CMP 1999. Buy signal was generated on 16 Feb at 1958.

S&P 500: Sunday, Mar 1, 2015

Exit signal is generated in S&P 500. Exit near previous closing price of 2105. Buy entry was taken on Feb 2 near 1990.