Index Recommended Levels

Index Recommended Levels

Mon, May 12 2008, 03:04 GMT
by Nikolajs Serikovs

FXtechtrade


Dow Jones :
Resistance(daily close)
: 13 567.60, 13 668.74 and 13 792.53. Then 13 972.50, 14 045.62, 14 124.38 and 14 225.63.  Break of the latter will lead to 14 298.75,  14 414.06, 14 501.28 и 14 578.94.   
Support(daily close): 13 395.94, 13 162.60, 13 038.74 and 12 937.40. Then 12 743.40, 12 652.03,  12 506.84, 12 397.40, 12 214.70, 12 116.25, 12 048.05, 11 913.40 и 11 864.53.  Break of the latter will lead to 11 694.36, 11 593.13, 11 328.75 и 11 131.87 (published on May 18, 2007).

Today’s support: - 12 685.14(main), where a delay and correction may happen. Break of the latter will give 12 618.40, where correction also can be. Then follows 12 588.04. Be there a strong impulse, we would see 12 525.32. Continuation will bring 12 458.60 and 12 428.22.
Today’s resistance: - 12 836.26, 12 879.28, 12 976.36 and 13 050.14(main), where a delay and correction may happen. Break would bring 13 100.63, where a correction may happen. Then follows 13 117.50, where a delay and correction could also be. Be there a strong impulse, we’d see 13 142.81. Continuation would bring 13 160.00.

S&P500

Support: - 1388.24 and 1382.34(main). Break will give 1373.00, where correction could be. Then follows 1366.80, where correction could also be. Be there a strong impulse, we would see 1351.40. Continuation will lead to 1333.13.
Resistance: -  1395.00 and 1404.24   1410.86, 1418.98 and 1423.00(main), where a correction may happen. Break would result in 1410.86, where correction may be. Then 1418.98. Be there a strong impulse, we would see 1423.00. Continuation will lead to 1428.72.

NASDAQ

Support: - 2427.00 and 2416.10(main),
break will give 2407.85, where correction could be. Then follows 2394.64, where correction could also be. Be there a strong impulse, we would see 2376.46. Continuation will lead to 2368.28.
Resistance: - 2459.50, 2475.00, 2490.20 and 2497.50(main), where a correction may happen. Break would result in 2505.93, where correction may be. Then 2520.20. Be there a strong impulse, we would see 2533.06. Continuation will give 2542.50.

GOLD

Support: - 873.20, 870.00 and 863.00main).
Break of the latter will give 852.19, where a correction is possible. Then 843.70, where a correction is also possible. Be there a strong impulse, we would see 832.50. Continuation will bring 829.66.
Resistance: - 892.13, 900.00 and 914.06(main), where a correction may happen. Break would bring 921.09, where a correction may also happen. Then follows 933.77. Be there a strong impulse, we’d see 944.00. Continuation would bring 950.62. 

SILVER

Support: -  16.64 and 16.40(main).
Break of the latter would give 16.36 where correction may happen. Then  goes 16.20, where correction can also be. If a strong impulse, we would see 16.08. Continuation would give 16.00 and 15.82.
Resistance :  - 17.14 and 17.19 (main), where correction is possible. Break will lead to 17.33, where again may be a correction. Then  follows 17.47. If a strong impulse, we would have 17.64. Continuation would give 17.82.

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Legal disclaimer and risk disclosure

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.

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