Thursday 21 July 2011

WORLD MARKET UPDATE- 21 JULY 2011WORLD INDEX TECHNICAL ANALYSIS


21/7/11
FTSE 100
Dow Jones
S&P500
Nasdaq 100
Gold
R3
5,922.73
12,660.4
1,337.21
2,440.28
1,618.5
R2
5,899.76
12,630.9
1,333.42
2,422.79
1,611.5
R1
5,876.79
12,601.4
1,329.63
2,405.29
1,604.5
PIVOT
5,833.39
12,574.0
1,326.64
2,394.90
1,593.2
S1
5,810.42
12,544.5
1,322.85
2,377.40
1,586.2
S2
5,767.02
12,517.1
1,319.86
2,367.01
1,574.9
S3
5,744.05
12,487.6
1,316.07
2,349.51
1,567.9

FTSE 100
FTSE 100 HAS STRONG INTRA DAY SUPPORT LEVEL AT 5767.02, IFFTSE BREAK THIS LEVEL AND SUSTAINTHEN PANIC RALLY UPTO 5744.05 IS NOT RULED OUT.ABOVE 5833.39 FTSE TRY TO TOUCH 5876.79 LEVEL.
DOW JONES
DOW JONES HAS STRONG INTRADAY SUPPORT AT 12,544.50,IF DOW JONES BREAK THIS LEVEL AND SUTAIN BELOW THISLEVEL THEN BEAR RALLY UPTO 12517.10-12487.60.
ABOVE 12,574 WILL TRY TOTOUCH 12,601.40 LEVELS, BULL RALLY WILL ONLY EXPECTED IF DOW JONES CROSS 12,601.40LEVEL AND SUSTAIN ABOVE THIS LEVEL.

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