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Daily Forex and Dow Jones Recommended Levels

Thu, Nov 20 2008, 08:07 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: - 1.2465(main), where correction is possible. Break would give  1.2453, where correction also may be. Then follows 1.2428. Break of the latter would result in 1.2405. If a strong impulse, we would see 1.2377. Continuation will give 1.2351 and 1.2333.  
Today’s resistance:  - 1.2577, 1.2611, 1.2643 and 1.2670(main). Break would give 1.2692, where a correction is possible. Then goes 1.2713. Break of the latter would result in 1.2734. If a strong impulse, we’d see  1.2774. Continuation will give 1.2808 and 1.2878.

USD/JPY

Today’s support: - 94.70 and 94.38(main). Break would bring 94.17, where correction is possible. Then 94.03. If a strong impulse, we would see 93.88. Continuation would give 93.63.
Today’s resistance: - 95.85 and 96.32(main), where a correction may happen. Break would bring 96.55, where also a correction may be. Then 96.86. If a strong impulse, we would see 97.08. Continuation will give  97.17 and 97.43.

DOW JONES INDEX

Today’s support: - 8187.18, 8139.36 and 8100.13 (main),
where a delay and correction may happen. Break of the latter will give 8066.22, where correction also can be. Then follows 8021.20.  Be there a strong impulse, we would see 7998.65. Continuation will bring  7952.70 and 7921.83.
Today’s resistance: - 8381.25 and 8404.10(main), where a delay and correction may happen. Break would bring 8455.37, where a correction may happen. Then follows 8482.46, where a delay and correction could also be. Be there a strong impulse, we’d see 8516.20. Continuation would bring 8533.11 and 8554.57.


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FXtechtrade  | Riga, Republic of Latvia
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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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