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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 21, 2014 5:15:00 PM

July 22, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and Forex pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity daily performance chart

Market Best Performer Worst Performer Comments
Forex  EURAUD AUDCAD  Aussie was the weakest performer on concerns that a cooling housing market might imperil growth in China.
Equity  NIFTY 50 DAX 30 Indian stocks continue to rise after the central bank (RBI) enacted measures last week that allowed banks to boost funding. German stocks led a decline in European stocks as geopolitical tensions (Russia, Israel) rise.
Commodity US OIL (WTI) NATURAL GAS  The perfect storm of supply disruption jitters due to the Ukrainian/Russian crisis, the 6-year low in US Crude inventories, and the current contract's expiration tomorrow has given US Crude Oil(WTI) a boost. Lower demand due to a mild summer, especially in the heavily populated north-east, has led to an increase in stockpiles which has brought Natural Gas bears out of hibernation. 
  • PIVOT POINTS
    A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading day. If the market in the following day trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish.

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FOREX 072214

  • Equity Indices, Commodities & USD -vs- Majors Daily performance

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DOLLAR 072214

 

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