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14-05-2012, 11:29 AM
Dow, Gold top danger
14th May: The Dow is sitting on good support but in danger of topping if that support fails. A close at 12,600 or lower could see a fall back to the 11,000 region. Europe has further to fall. The Eurostoxx50 has no good support before 2,000. EEM, the emerging markets etf, also has further to fall. Hongkong's Hang Seng Index is on good support, as is the Straights Times Index of Singapore. Oil has broken support. There is no good support for WTI crude before $93. Gold is in danger of topping. A fall below 1,550 would give a target of 1,200.
http://www.asiachart.com/update.html
14th May: The Dow is sitting on good support but in danger of topping if that support fails. A close at 12,600 or lower could see a fall back to the 11,000 region. Europe has further to fall. The Eurostoxx50 has no good support before 2,000. EEM, the emerging markets etf, also has further to fall. Hongkong's Hang Seng Index is on good support, as is the Straights Times Index of Singapore. Oil has broken support. There is no good support for WTI crude before $93. Gold is in danger of topping. A fall below 1,550 would give a target of 1,200.
http://www.asiachart.com/update.html
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