Market Research

17th july mkt outlook

AUG GOLD Resist: 1245.40-1246.98 ST Trend: Down (1241.00) Supprt: 1234.24-1232.98 Obj: 1223.90, 1217.80 TRP: 1266.90 Comment: Computer: The minor trend for Aug Gold remains down with very recent action looking a bit soft. The downside objectives for this formation range from 1223.90 to 1217.80, with a rally through 1266.90 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today’s action, with the odds of this market taking out yesterday’s high in the next two trading sessions around 66 percent. SEP SILVER Resist: 1591.23-1592.44 ST Trend: Down (1581.00) Supprt: 1566.19-1562.90 Obj: 1545.50, 1538.50 TRP: 1626.00 Comment: Computer: The minor trend for Sept Silver remains down with very recent action looking a bit soft. The downside objectives for this formation range from 1545.50 to 1538.50, with a rally through 1626.00 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today’s action, with the odds of this market taking out yesterday’s high in the next two trading sessions around 66 percent. SEP CRUDE OIL Resist: 68.82-69.10 ST Trend: Down (68.00) Supprt: 66.79-65.00 Obj: 66.80, 66.19 TRP: 71.66 Comment: Computer: The minor trend for Aug Crude […]

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