Monday, May 14, 2018

Week Ahead 20

US indices broke the mid April high. The next resistance for SP500 is at 2800 the mid March high, whereas for NQ the 7200 record high.

Dax should break the 13150 minor resistance before heading to 13600 all time high.

US yields continue to climb making the spreads wider.

Commodities are higher as oil was up due to the US withdrawal from the Iran deal.

Gold broke the 1320 resistance but the Friday bearish pin bar was a sign of some weakness.

The USD rally did not continue last week. DX closed the week unchanged forming a bearish pin bar for the week.

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