for the week starting 13-May-2013
US labour market data showed a steady recovery boosting the dollar, causing the drop of gold price to $1430.
Last week Dow has shot another record high closing since 2008, DJIA surpassed 15,000 pts.
This week we foresee DJIA to find support around 14,950 - 15,000 pts and continue to advance further towards 15,250 pts.
Daily Trading:
Enter long when market is testing 15,000 pts, target exit 15,150 pts.
Daily Resistance 15,160 pts.
Nasdaq 100
Similarly for Nasdaq 100
Support 2945-50 pts,
Resistance 2985-2990 pts.
US labour market data showed a steady recovery boosting the dollar, causing the drop of gold price to $1430.
Last week Dow has shot another record high closing since 2008, DJIA surpassed 15,000 pts.
This week we foresee DJIA to find support around 14,950 - 15,000 pts and continue to advance further towards 15,250 pts.
Daily Trading:
Enter long when market is testing 15,000 pts, target exit 15,150 pts.
Daily Resistance 15,160 pts.
Nasdaq 100
Similarly for Nasdaq 100
Support 2945-50 pts,
Resistance 2985-2990 pts.
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