Analysis

S&P's and WTI: Levels, Ranges, Targets

S&P trade today, posted yesterday below. Yesterday close at 2344.02, today closed 2348.45. Bottom at 2332.29 was actual 2332.52. Target at 2363.13 saw high today at 2348.60. Today's high fell between 2347.41 to 2349.88. No range breaks today.

S&P trade March 21 to 22 below.

S&P Close: 2344.02.

Bottom. 2332.29.

Targets. 2363.13 to 2363.34.

To target. 2344.14, 2344.52, 2344.84, 2347.41, 2349.88, 2352.99 Target 2363.13.

Range points: 2368.82 and 2407.43. Below 2295.93, 2282.65 and 2221.29.

 

S&P Trade March 22nd to 23rd. Good for 24 hours, tomorrow's close.

Bottom. 2336.70

Target: 2366.23 with caution at range point at 2360.74.

Levels to target: 2348.48, 2348.95, 2348.97, 2350.93, 2351.18, 2355.16, 2357.44, Target

2366.23.

Range breaks above: 2360.74 and 2397.63, Below 2336.21, 2300.27 and 2299.26

 

WTI

Today's trade, posted yesterday. Bottom 47.26, saw lows at 47.02 and immediate bounce to

47.60. Target 47.89 saw high price for today at 48.29. Lows at 47.02 hit range point at 47.00

while above 48.00 saw price above.

WTI March 21 to March 22

Close 47.50.

Bottom. 47.26.

Target. 47.88 and 47.89.

To Target: 47.51, 47.56, 47.61, 47.68, Target 47.88.

Range points: Below 47.00 , 46.52 and 46.25. Above 48.00, 48.49 and 48.77.

 

WTI Trade March 22 to 23. Godd til close 23rd.

Close 48.16.

Bottom. 47.91

Target: 48.52, Caution to range point 48.41.

To target: 48.21, 48.29, 48.34, 48.43 and 48.52.

Range break below 47.90, 47.15, Above 48.41 and 49.16.

Same principle as in currency trading, range points and breaks hold more vital import than a trade able level.

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