Technical Trading. Accurate levels every day

Date: 18.05.2012

GMT
02:40:50

Moscow
05:40:50

New York
18:40:50

Tokyo
11:40:50

Riga
04:40:50

UNIVERSAL TRUTH: While trader studied market situation, the latter suddenly and sharply changed.


	NEWS FROM FOREX CAPITAL MARKETS



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Forex Trading by SaxoBank

Charts

Forex Charts by SaxoBank

S&P500

Support: - 1293.60 and 1282.40(main). Break will give 1274.87, where correction could be. Then follows 1268.20, where correction could also be. Be there a strong impulse, we would see 1260.00. Continuation will lead to 1238.40.
Resistance: - 1327.46, 1337.65, 1350.00 and 1365.80(main), where a correction may happen. Break would result in 1372.40, where correction may also be. Then 1386.24. Be there a strong impulse, we would see 1398.50. Continuation will lead to 1406.35.

NASDAQ

Support : - 2801.20 and 2787.26(main). Break will give 2754.22, where correction could be. Then 2735.80, where correction could also be. Be there a strong impulse, we would see 2719.68. Continuation will lead to 2702.81.
Resistance : - 2857.50, 2878.15, 2903.50 and 2925.11(main), where the correction could be. Break will bring 2936.30, where the correction may also happen. Then 2961.26. Be there a strong impulse, we would see 2973.41. Continuation will lead to 2990.82.

GOLD

Support: - 1552.50 and 1528.10(main). Break of the latter will give 1519.70, where a correction is possible. Then 1507.11, where a correction is also possible. Be there a strong impulse, we would see 1496.30. Continuation will bring 1468.12 and 1442.83.
Resistance: - 1578.82, 1597.44 and 1608.70(main), where a correction may happen. Break would bring 1623.00, where a correction may also happen. Then follows 1631.20. Be there a strong impulse, we’d see 1648.13. Continuation would bring 1659.38.

SILVER

Support: - 27.00(main).where correction is possible. Break of the latter would give 26.96, where correction may happen. Then goes 26.83. If a strong impulse, we would see 26.57. Continuation would give 26.35.
Resistance: - 28.35, 28.86 and 29.14(main), where correction is possible. Break will lead 29.38, where again may be a correction. Then follows 29.70. If a strong impulse, we would have 29.92. Continuation would give 30.43.


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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/.

May 18, 2012

GMT 01:58

Several words about the EUR/USD future.
Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430(published on 23.10.2008).
Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.10.2008).

Dow Jones :
Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 11 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 21, 2008).
Support (daily close): 9630.33 and 9358.35(main), 9090.00, 8912.62 (published on November 10, 2009).

Light Crude :
Support (daily close): 39.36, 34.88, 31.28, 23.17, 19.57, 15.10, 11.70, 9.64, 8.11 and 6.98(published on December 07, 2008).
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/chart/CO .

EUR/USD

Today’s support: 1.2643 and 1.2600(main), where correction is possible. Break would give 1.2582, where correction also may be. Then follows 1.2540. Break of the latter would result in 1.2524. If a strong impulse, we would see 1.2508. Continuation will give 1.2479.
Today’s resistance: - 1.2772, 1.2825, 1.2881 and 1.2915(main). Break would give 1.2938, where a correction is possible. Then goes 1.2957. Break of the latter would result in 1.2983. If a strong impulse, we’d see 1.3011. Continuation will give 1.3056.

USD/JPY

Today’s support: - 78.98(main). Break would bring 78.69, where correction is possible. Then 78.45 where a correction may also happen. Break of the latter will give 78.30. If a strong impulse, we would see 78.17. Continuation would give 77.98.
Today’s resistance: 80.10 and 80.58(main), where a correction may happen. Break would bring 80.79, where also a correction may be. Then 81.00 If a strong impulse, we would see 81.33. Continuation will give 81.51.

DOW JONES INDEX

Today’s support: - 12420.33 and 12397.50(main), where a delay and correction may happen. Break of the latter will give 12372.19, where correction also can be. Then follows 12350.16. Be there a strong impulse, we shall see 12318.72. Continuation will bring 12301.80 and 12252.30.
Today’s resistance: - 12610.20 and 12656.06(main), where a delay and correction may happen. Break would bring 12682.24, where a correction may happen. Then follows 12743.80, where a delay and correction could also be. Be there a strong impulse, we’d see 12791.20. Continuation would bring 12823.35.

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	Â© Technical Trading, 2003. Any information presented by Nikolajs Serikovs at this very website should be in no way understood as an offer, promise or guarantee for receiving a profit or avoiding the losses. Stated here levels of support and resistance must not be construed as an investment advice or endorsement for any financial instrument. There exists no guarantee that the market would behave in accordance with the information stated here. Prepared in Republic of Latvia for the worldwide distribution.