Gold rose 2.84% to 4052.2 and silver 4.85% to 51.99 as the dollar index fell 0.58% to 101.275. WTI and Brent are lower, in line with a Yahoo Finance headline that the dollar and oil dropped after the midterm results. US cash indices still show yesterday's close before the 18:30 Dubai open; S&P 500 futures are up 0.76% while Nasdaq futures are flat. ISM services at 19:00 and EIA crude stocks at 19:30 are the key events.
New York ·
Gold is at 4052.2, up 2.84% and above R2 4019.67, but still under MA20 (4088.92). RSI 45.3 is recovering, and the London range so far is 4030.9 to 4062.2.
What to watch: ISM services at 19:00 Dubai time (forecast 54.8, previous 54.9) and the dollar index near 101.275.
Scenario: If gold holds above 4019.67, a break of 4061.5 opens 4088.92; a drop below 3980.03 would point back toward the pivot 3942.07.
R: 4061.5 / 4088.92 · P: 3942.07 · S: 4019.67 / 3980.03
Silver is up 4.85% at 51.99, well above R2 50.822, yet far below MA20 (55.222). RSI 37.8 shows the rebound is still young.
What to watch: The London low of 51.615 and today's high of 52.29.
Scenario: Above 52.29 the next level is 55.222; back below 50.822 would weaken the bounce.
R: 52.29 / 55.222 · P: 49.377 · S: 51.615 / 50.822
WTI is at 94.87, down 1.27% and below the pivot 96.17 and MA20 (98.45), though still close to MA50 (95.29). RSI 45.8 is neutral.
What to watch: EIA crude stocks at 19:30 Dubai time (forecast 1.75M, previous -1.892M).
Scenario: If 94.43 breaks, the next support is 93.51; a move back above 96.65 would ease the pressure.
R: 96.65 / 98.45 · P: 96.17 · S: 94.43 / 93.51
Brent is at 102.19, down 1.36%, below the pivot 103.87 and MA50 (103.97). RSI 41.1 leans soft.
What to watch: The London range of 101.32 to 104.24 and the EIA data.
Scenario: Below 101.32 the next level is 100.53; above 104.24 the next resistance is 106.94.
R: 104.24 / 106.94 · P: 103.87 · S: 101.32 / 100.53
The cash index shows yesterday's close of 7568.92, near the pivot 7569.64 and below MA20 (7705.78). The cash market is not open yet; S&P 500 futures are at 7654.25, up 0.76%, which points to a firmer open that may jump the first levels.
What to watch: The open at 18:30 Dubai time and ISM services 30 minutes later.
Scenario: If the index holds above 7593.89, the next level is 7618.86; a slip below 7544.67 would bring 7520.42 into view.
R: 7593.89 / 7618.86 · P: 7569.64 · S: 7544.67 / 7520.42
The Nasdaq 100 shows yesterday's close of 28180.26, below MA20 (29626.55), with RSI 34.8 still weak. Nasdaq futures are flat at 28302, so the open lacks a clear lead.
What to watch: Whether the index can hold the pivot 28191.22 after the open.
Scenario: Above 28296.94 the next level is 28413.62; below 28074.54 the next support is 27968.82.
R: 28296.94 / 28413.62 · P: 28191.22 · S: 28074.54 / 27968.82
This analysis is general market commentary for information only. It is not investment advice or a recommendation to buy or sell any instrument. Trading leveraged products such as forex and CFDs carries a high risk of losing money. Prepared with automated tools from a market data snapshot (Yahoo Finance prices, economic calendar, public news headlines); prices may be delayed.
Invvex ·
