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Index Recommended Levels

Thu, Nov 20 2008, 08:05 GMT
by Nikolajs Serikovs

FXtechtrade


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).

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.

S&P500

Support: - 811.30(main). Break will give 796.90, where correction could be. Then follows 787.50, where correction could also be. Be there a strong impulse, we would see 775.25. Continuation will lead to 768.60 and 759.32.
Resistance: - 860.66, 888.76, 900.00 и 922.64(main), where a correction may happen. Break would result in 945.10, where correction may be. Then 956.26. Be there a strong impulse, we would see 995.63. Continuation will lead to 1012.46.

NASDAQ

Support: - 1411.87 and 1393.17( (main), break will give 1376.76, where correction could be. Then follows 1350.14, where correction could also be. Be there a strong impulse, we would see 1328.10. Continuation will lead to 1316.95 and 1307.81.
Resistance: - 1468.16 and 1485.02(main), where a correction may happen. Break would result in 1494.22, where correction may be. Then 1507.46. Be there a strong impulse, we would see 1521.56. Continuation will give 1530.10.

GOLD

Support: - 725.62, 717.10 and 701.72(main). Break of the latter will give 695.68, where a correction is possible. Then 680.63, where a correction is also possible. Be there a strong impulse, we would see 669.66. Continuation will bring 658.22.
Resistance: - 759.37(main), where a correction may happen. Break would bring 765.00, where a correction may also happen. Then follows 776.20. Be there a strong impulse, we’d see 787.50. Continuation would bring 792.03.

SILVER

Support: - 9.08 and 8.91(main). Break of the latter would give 8.82,  where correction may happen. Then  goes 8.66, where correction can also be. If a strong impulse, we would see 8.50. Continuation would give 8.28.
Resistance :  - 9.45, 9.76 and 9.93(main), where correction is possible. Break will lead to 10.17, where again may be a correction. Then  follows 10.32. If a strong impulse, we would have 10.44. Continuation would give 10.53.


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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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