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
No comments:
Post a Comment