U.S. Dollar weekly 50

The U.S. dollar has had a big rally the past 2 months, now this rally is close to major resistance at the 50 week moving average(green dashed line on the chart above) at $80. It should stall there, and possibly come back down to retest the 200 day moving average at $78.50. The February R1 monthly pivot is at 80.65.

This weeks support targets

Watch 1070 on the S&P and 9978 on the INDU(Dow Jones).

S&P has an open gap at 1070 and the weekly S1 pivot is 1071.

Dow Jones has a open gap at 9978 and the weekly S1 pivot is at 9977.

I love it when gaps and pivots line up :)

Gold on the 100 day

February Gold futures closed on the 100 day moving average. We should see a bounce but the trend is still down. The Yearly Pivot is at $1047.78 and previous resistance was 1033 which should be support.

Crude 200 day is close

March crude oil futures are close to the 200 day moving average(white line at $73.40). Look for support there. If that fails, then the Yearly Pivot point at $70.88 will be next support.

2010 yearly pivot points

Pivot point analysis for 2010 says the indexes should trade between:

Dow Jones yearly R1 pivot=11849....and yearly S1 pivot= 7738

S&P yearly R1 pivot=1275 and yearly S1=811

Gold Yearly R1=1283......yearly S1=857

Crude oil yearly R1=97.15.......yearly S1=47.41