Commodities Still Above Support, Equities Bullish
Ved Prakash | Feb 21, 2015 10:03PM ET
Gold, crude oil, and EUR/USD are still above their long term support with indications of bottom formation. Russian RTSI has managed to hold despite a fall in crude oil. There was little upward movement in KOSPI as the Korean markets had a shortened week. S&P 500 has maintained its uptrend.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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