21 Sept: Forecast: Stock Indices, Commodities

By | September 21, 2017

 

S&P: 2504
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Neutral
Resistance Support
2525 Minor 2500 Minor
2520 Minor 2494 Session low
2515 Minor 2491 (23.6% of 2445/2505)
2510 Minor 2486 200 HMA
2507 Session high 2482 (38.2% of 2445/2505)


DJI: 22374
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Neutral
Resistance Support
22550 Minor 22274 Session low
22500 Minor 22250 Minor
22450 Minor 22200 Minor
22400 Minor 22150 Minor
22378 Session high  –all-time high 22095 (38.2% of 21703/22341)


ASX SPI: 5696
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Neutral
Resistance Support
5775 Minor 5665 Minor
5760 Minor 5653 8 Sept low
5745 Minor 5625 Minor
5731 20 Sept high 5607 29 Aug low
5719 Session high 5592 24 July low


XAUUSD: 1300
24 Hour: Mildly Bearish Medium Term: Prefer to sell rallies
Preferred Strategy: Looking to sell @ 1310. SL @ 1322. TP @ 1280.
Resistance Support
1331 (50% of 1358/1305) 1296 Session low
1328 200 HMA 1290 Minor
1325 (38.2% of 1358/1305) 1281 (38.2% of 1205/1358)
1320 Minor 1276 25 Aug low
1316 Session high 1267 15 Aug low


XAGUSD: 17.16
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Neutral
Resistance Support
18.20 8 Sept high 17.05 200 DMA
17.95 13 Sept high 16.96 Session low
17.70 Minor 16.85 100 WMA /100 DMA
17.40 Session high 16.71 25 Aug low
17.30 200 WMA 16.57 15 Aug low


WTI: 50.69
24 Hour: Neutral Medium Term: Neutral – Mildly Bullish?
Preferred Strategy: Neutral – Possibly looking to buy dips
Resistance Support
53.04 19 Apr high 50.12 Session low
52.50 Minor 49.60 20 Sept low /200 DMA
51.97 25 May high 48.90 Minor
51.40 Minor 48.00 Minor
51.09 Session high 47.40 100 DMA