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Daily Forex and Dow Jones Recommended Levels

Mon, Dec 1 2008, 03:17 GMT
by Nikolajs Serikovs

FXtechtrade


Several words about the EUR/USD future.
Resistance (daily close) :  1.3182, 1.3364, 1.3590 и 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 и 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 woyld 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, 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):  8912.62, 8827.27, 8642.60, 8403.77, 8257.46, 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34, 6817.50, 6783.72, 6660.11 and 6484.2220 (published on October 21, 2008).

Light Crude :
Support (daily close): 87.20, 82.84, 80.43, 75.60,  71.88, 70.43, 68.06, 66.30, 64.66, 62.33 and 60.97. Then follow  58.27, 57.62, 56.47, 54.34, 52.20 and 50.36. Next levels - 48.32, 46.80 and 45.06.
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).

EUR/USD

Today’s support: - 1.2634 and 1.2600(main), where correction is possible. Break would give  1.2572, where correction also may be. Then follows 1.2544. Break of the latter would result in 1.2506. If a strong impulse, we would see 1.2477. Continuation will give 1.2454 and 1.2421.  
Today’s resistance:  - 1.2713 and 1.2738(main). Break would give 1.2756, where a correction is possible. Then goes 1.2788. Break of the latter would result in 1.2814. If a strong impulse, we’d see  1.2832. Continuation will give 1.2856 and 1.2870.

USD/JPY

Today’s support: - 94.76 and 94.38(main). Break would bring 94.17, where correction is possible. Then 94.03. If a strong impulse, we would see 94.86. Continuation would give 93.60 and 93.36.
Today’s resistance: - 95.58 and 95.90(main), where a correction may happen. Break would bring 96.16, where also a correction may be. Then 96.43. If a strong impulse, we would see 96.72. Continuation will give  97.10 and 97.31.

DOW JONES INDEX

Today’s support: - 8733.62, 8673.24 and 8628.80 (main),
where a delay and correction may happen. Break of the latter will give 8606.31, where correction also can be. Then follows 8555.33.  Be there a strong impulse, we would see 8211.60. Continuation will bring  8486.67 and  8455.37.
Today’s resistance: - 8842.44 and 8868.80(main), where a delay and correction may happen. Break would bring 8907.67, where a correction may happen. Then follows 8944.25, where a delay and correction could also be. Be there a strong impulse, we’d see 8988.72. Continuation would bring 9019.42.

FXtechtrade  | Riga, Republic of Latvia
http://www.fxtechtrade.com | vilks49@yahoo.com

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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