Crude Oil,One-Month Low, SPX 500 Drops in Six Weeks

US dollar TECHNICAL ANALYSIS – costs look poised to continue higher once costs advanced to the very best level in over eleven years. Near-term resistance is at 12107, the 38.2% Fibonacci growth, with a prospect higher than that on a daily closing basis exposing the five hundred level at 12221. instead, a below the twenty three.6% Fib at 11965 opens the door for a challenge of the 11854-76 space (14.6% Fibonacci growth, March 2009 high).

S&P five hundred TECHNICAL ANALYSIS – costs accelerated lower afresh, sinking to the weakest level in a very month. Sellers currently aim to challenge the sixty one.8% Fibonacci retracement at 2033.00, with an occasion below that on a daily closing basis exposing the seventy six.4% level at 2012.60. as an alternative, a reversal back higher than the five hundred Fib at 2049.50 targets the thirty eight.2% retracement at 2066.00.

GOLD TECHNICAL ANALYSIS – costs resumed their push downward, with sellers currently eyeing support below the 1150.00 figure. an occasion below the sixty one.8% Fibonacci retracement at 1149.35 exposes the seventy six.4% level at 1131.92. instead, a rebound higher than the five hundred Fib at 1163.43 targets the thirty eight.2% enlargement at 1177.51.

CRUDE OIL TECHNICAL ANALYSIS – costs still decline when disposing of rising channel support. a prospect below the thirty eight.2% Fibonacci retracement at fifty six.18 exposes the five hundred level at fifty four.08. instead, a flip on top of the fifty eight.17-78 space marked by the twenty three.6% Fib and therefore the Feb vi shut targets the fourteen.6% retracement at sixty.38.