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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Market Closing for the Week Today

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Market Closing for the Week Today Empty Market Closing for the Week Today

    Post by Lobo Thu Mar 24, 2016 3:39 pm

    Market Closing for the Week Today GCNYNF-W-3-24-2016
    Today will be the close for the week and this will be an important indicator. A closing in gold below 1237.50 will warn of weakness. We have important technical resistance at the 1245 level and a closing back below that breakout line will also warn that the upward momentum is starting to decline. Gold bounced off of the Weekly Bullish Reversal and came within 30 cents. That is not a very good indication that a continued rally should be expected. Typically, those who trade emotionally end up buying the high in anticipation of further advancement.
    Market Closing for the Week Today DJIND-W-3-24-2016
    When we look at the Dow Jones, here too we failed to exceed the Weekly Bullish at 17750 after reaching only 17648. Last week’s closing was 17602 and a lower closing today will warn that the advance is starting to fizzle out. We have not been able to exceed the downtrend line technically. A closing below 17124 would be an outright sell signal.
    Market Closing for the Week Today IBEUUS-W3-24-2016
    Looking at the euro, the peak came in the week of the 17th at 11342. We do not think we can reach that 11600 level. In the case of the euro, the market has been unable to exceed the breakout line which currently stands at 11400. The oscillators are turning down as well. A closing below 11214 will be bearish, and a closing below 11087 will be a serious sell signal. Thereafter, a breach of the 10700 level will be devastating.
    Market Closing for the Week Today CRUDE-W-3-24-2016
    In Crude, the breakout line stands at 4347. Here too, we stopped just shy of it. We already elected a Weekly Bearish last Friday. The next key area to watch will be the 3400 level.
    Overall, we are looking to May to provide the next turning point. So pay attention. If we start to elect bearish reversals on the weekly level, we may indeed see a decline unfold.
    https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/market-closing-for-the-week-today/

      Current date/time is Thu Mar 28, 2024 7:56 am