Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

$DIA, $GLD, $SLV, $OIL, $USO, $CU

Commentary: News of US missile strike on Syria Airbase has kept the Japanese stocks down Friday.PE

Nikkei at 18588.87, -0.04% is trading low today, making a fresh 4-mo low to 18517. In case the index breaks and sustains below 18600, see a gradual fall towards 18300-18200 medium term.

DJIA at 20662.95, +0.07% stable Thursday. A break above 20780 is needed to drive it towards 20980, or see a trade in the 20780-20410 area near term.

DAX at 12230.89, +0.11% moved up from marks near 12120, is trading just above 1st support near 12200. Some more movement below 12400 is possible before moving up further medium term.

Shanghai at 3282.50, +0.05% continues to move up, 1st resistance is visible just above current levels on the dailies, but in case that breaks to the Northside, the potential rise towards 3400 would come into focus as indicated in the 3-day and weeklies.

Nifty at 9261.95, -0.03% was stable Wednesday and may remain stable Friday. No major movement expected on the day. A test of 9280-9300 is possible near term.

 

Gold, Silver, Copper & Crude Oil Market

Gold at 1265 rose above 1260 and the focus now is a move towards 1289.

Silver at 18.42 moving up to my 18.75 target, and if  Silver pasts 18.75, then see 19.05.

Copper at 2.66 trades within range of 2.57-2.70. A move above 2.70, then 2.80 come into focus. Medium term 2.55-57 are strong support, but a close below that could open up 2.55 and 2.49 next.

WTI Crude Oil at 52.65 broken resistance at 52.50 sooner than expected and has opened the higher target at 54, 1st support comes at 52.50 and 51.

Brent Crude at 55.80 bounced from its monthly trend line support and trades within the range of 55-57, strong resistance is seen at 56.20. The bias remains Bullish near term while WTI Crude Oil and Brent Crude are trading above 51 and 53.5 respectively.

Have a terrific weekend.

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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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