Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing


Commentary: A pause to refresh. PE

DJIA at 20619.77, +0.04% is in pause to refresh mode now, on the next move North can expect a pause near 20800 from where a dip is due and healthy.

DAX at 11757.24, -0.31% fell Thursday, 1st support is visible near 11680, which is likely to produce a bounce near term, look Bullish towards 11900.

Nikkei at 19242.11, -0.54% trades lower and could re-test levels near 19080. Overall the range is 19000-19620, and will hold near term.

Shanghai at 3225.15, -0.14% bounced, and could move North to 3250 in the next couple of sessions, near term looks Bullish.

Nifty at 8778, +0.61%, support at 8700 held Thursday, producing a bounce back towards 8800. An fast break above 8800 Friday could turn Bullish for next week.


Crude Oil, Gold, Silver & Copper Markets

Gold at 1238.8) is set to test resistance at 1248 for 3rd time after 8th and 9th of February 2017 due to fresh weakness in The US Dollar (.DXY) Index at 100.45. A close above 1248 could open the way to 1276, 1st support is at 1225 and then 1219.

Silver at 18.05 is Bullish, as long it is trading above 18.00.But weakness in Copper may trigger a decline in Silver to 17.50.

Copper at 2.72 trade quietly the range of 2.70-85 due to lack of fresh buying momentum. A close below 2.70 may puch Copper to 2.60.

Brent Crude at 55.78, and WTI Crude Oil 53.36 are unchanged. Both are hovering around their pivots of their respective ranges of 53-58 and 50-55 with no directional bias yet.

Stay tuned.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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