Tuesday 19 July 2011

WORLD MARKET UPDATE- 19 JULY 2011WORLD INDEX TECHNICAL ANALYSIS


19/07/11
FTSE 100
Dow Jones
S&P500
Gold
R3
5,934.51
12,654.4
1,335.96
1,622.9
R2
5,873.94
12,564.7
1,325.79
1,616.3
R1
5,813.38
12,474.9
1,315.61
1,609.7
PIVOT
5,783.09
12,385.6
1,305.77
1,600.3
S1
5,722.53
12,295.8
1,295.59
1,593.7
S2
5,692.24
12,206.5
1,285.75
1,584.3
S3
5,631.68
12,116.7
1,275.57
1,577.7

FTSE 100
FTSE HAS STRONG INTRA DAY SUPPORT AT 5722.53 LEVEL,IF BREAK THISLEVEL BEAR RALLY UP TO 5692.24.ABOVE 5783.09 FTSE CAN RALLY UPTO 5813.38 LEVEL.
DOW JONES
DOW JONES HAS STRONG INTR DAY SUPPORT AT 12,295.59 LEVEL,IFBREAK THIS LEVEL BEAR RALLY UPTO 12,206.50.ABOVE 12,385.60 DOW JONES CAN RALLYUP TO 12,474.90 LEVEL.
GOLD (OUR TARGET -$1660 SILVER -$43)
GOLD HAS STRONGSUPPORT LEVEL AT  $1593.70,IF BREAK ANDSUSTAIN THEN BEAR RALLY UP TO $1,584.30.ABOVE $1600.3 GOLD CAN RALLY UPTO$1609.70 TO $1616.30.

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