Weekly Trends, Signals: S&P 500, Gold, Crude Oil, EURUSD, KOSPI, RTSI
Ved Prakash | Mar 01, 2015 07:10AM ET
Gold, crude oil, and EUR/USD are still above their long term support with indications of bottom formation. Russian RTSI is expected to move up in tandem with crude oil. KOSPI has moved up but caution is advised. S&P 500 has broken a crucial support at top and up trend looks exhausted.
This weekly Trend Analysis table uses a proprietary algorithm to identify trend direction, strength of trend, & entry/exit signals. It also indicates key support/ resistance levels based on traditional technical analysis.
Abbreviations used -
- PCP = Previous closing price
- S2 = Second support, S1 = First support
- R1 = First resistance, R2 = Second resistance
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