Daily Market Analysis, CRUDE OIL and S&P 500

S&P 500 DAILY TECHNICAL ANALYSIS

S&P 500 DAILY TECHNICAL ANALYSIS

Prices started again their increasing after a brief period of consolidation, making a new record high. A daily close above the 23.6% Fibonacci expansion at 2113.60 opens the 38.2% level at 2131.30.

Alternatively, a reversal below the 14.6% Fibonacci at 2102.60 targets the February 20 low at 2084.90.

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CRUDE OIL DAILY TECHNICAL ANALYSIS

CRUDE OIL DAILY TECHNICAL ANALYSIS

Prices are digesting gains lower than the $64/barrel figure after reversing upward as anticipated. A break higher than the 50% Fibonacci retracement at 63.38 on a daily closing basis opens the 61.8% Fibonacci level at 67.68.

Alternatively, a reversal below the 38.2% Fibonacci level at 59.08 targets the 23.6% retracement at 53.77.

S&P 500 DAILY TECHNICAL ANALYSIS Prices started again their increasing after a brief period of consolidation, making a new record high. A daily close above the 23.6% Fibonacci expansion at 2113.60 opens the 38.2% level at 2131.30. Alternatively, a reversal below the 14.6% Fibonacci at 2102.60 targets the February 20 low at 2084.90.  . CRUDE OIL DAILY TECHNICAL ANALYSIS Prices are digesting gains lower than the $64/barrel figure after reversing upward as anticipated. A break higher ...
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