Tuesday 18 October 2011

WORLD MARKET UPDATE- 18 OCT 2011 WORLD INDEX TECHNICAL ANALYSIS

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"MANIPULATIVE SELLING ALL OVER THE WORLD MARKETS  WILL BOUNCE BACK SOON -MAJOR SHORT COVERING ON CARDS"


SILVER:MAJOR SUPPORT AT $29, WEAK CHART, IF SUSTAIN ABOVE THIS LEVEL MAJOR SHORT COVERING IS EXPECTED
2nd Resistance Point
32.6363
1st Resistance Point
31.6937
Last Price   
30.751
1st Support Level
30.0947
2nd Support Level
29.4383


GOLD:MAJOR SUPPORT AT $1600, IF SUSTAIN ABOVE THIS LEVEL MAJOR SHORT COVERING IS EXPECTED
2nd Resistance Point
1691.81
1st Resistance Point
1661.98
Last Price   
1632.54
1st Support Level
1616.69
2nd Support Level
1601.23
CRUDE OIL :MAJOR SUPPORT AT $85.16, IF SUSTAIN ABOVE THIS LEVEL MAJOR SHORT COVERING IS EXPECTED
2nd Resistance Point
87.82
1st Resistance Point
86.82
Last Price   
86.21
1st Support Level
85.19
2nd Support Level
84.56

DOW JONES:  ABOVE 11295 NO PROBLEM FOR BULL,MAJOR BOUNCE BACK ON CARDS
2nd Resistance Point
11431.19
1st Resistance Point
11378.26
Last Price   
11314.54
1st Support Level
11295.23
2nd Support Level
11265.13

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