Intraday Market Thoughts

Archived IMT (2009.05.21)

by Ashraf Laidi
May 21, 2009 16:54

Metals push higher, led by silvers 3-month high, looking to test the February high of $14.60. A break of which, would call the highest level since Aug and could extend gains towards the 14-month trend line resistance of $14.80. Support climbs to $13.6, while upside seen capped at $16 for now. GOLD looks to test $960 as the next key target. S&P500 set up for a close of 880, followed by 835. FTSE-100 nearing a double bottom at 4,300 after failing at the double top of 4,500. Hot-Chart on EURJPY updated.


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