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Gold has reversed its intermediate trend after posting its biggest the daily drop in 33 years last week

News

04.22.13

Top Day Market News 

In terms of economic releases, and only have to look forward to his today’s 10 AM release of existing home sales. Of course this is a key metric in terms of gauging housing sector health as well as gauging consumer appetite.

Gold has reversed its intermediate trend after posting its biggest the daily drop in 33 years last week. FX traders are looking to spread Canada against the Australian dollar.

 

 

Week of April 22 - April 26

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Apr 22

 

10:00

 

Existing Home Sales

 

Mar

 

 

4.90M

 

5.01M

 

4.98M

 

 

Apr 23

 

09:00

 

FHFA Housing Price Index

 

Feb

 

 

NA

 

NA

 

0.6%

 

 

Apr 23

 

10:00

 

New Home Sales

 

Mar

 

 

415K

 

415K

 

411K

 

 

Apr 24

 

07:00

 

MBA Mortgage Index

 

04/20

 

 

NA

 

NA

 

4.8%

 

 

Apr 24

 

08:30

 

Durable Orders

 

Mar

 

 

-4.0%

 

-3.1%

 

5.6%

 

5.7%

 

Apr 24

 

08:30

 

Durable Goods –ex transportation

 

Mar

 

 

-0.1%

 

0.0%

 

-0.7%

 

-0.5%

 

Apr 24

 

10:30

 

Crude Inventories

 

04/20

 

 

NA

 

NA

- 1.233M

 

 

Apr 25

 

08:30

 

Initial Claims

 

04/20

 

 

355K

 

351K

 

352K

 

 

Apr 25

 

08:30

 

Continuing Claims

 

04/13

 

 

3060K

 

3060K

 

3068K

 

 

Apr 25

 

10:30

 

Natural Gas Inventories

 

04/20

 

 

NA

 

NA

 

31 bcf

 

 

Apr 26

 

08:30

 

GDP-Adv.

 

Q1

 

 

3.2%

 

2.8%

 

0.4%

 

 

Apr 26

 

08:30

 

Chain Deflator-Adv.

 

Q1

 

 

1.7%

 

1.6%

 

1.0%

 

 

 

                 

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend U is Up

D is Down

PRD is Potential Reversal Day (Change of Trend) S2 is Weekly strong support

S1 is Weekly good support DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance and is calculated once a week on Sunday night

R2 is Weekly Strong Resistance and is calculated once a week on

Sunday night

Levels are for the most active futures contract

 Daily Support and Resistance

 

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Jun ES

 

U

1502

1525

1538

1560

1577

1606

Jun Nasdaq

 

U

2655

2713

2743

2804

2840

2909

Jun JY

 

D

98.06

99.27

99.30

101.52

102.76

105.04

Jun EC

 

U

128.91

129.78

130.33

131.17

131.80

132.95

Jun 10 Year

 

U

132.17

132.28

132.25

133.03

133.08

133.17

Jun 30 Year

 

U

146.16

148.10

147.19

148.17

148.25

149.14

July Soybeans

 

U

13.27

13.55

13.67

13.95

14.05

14.27

July Corn

 

U

6.10

6.21

6.23

6.37

6.44

6.56

June Gold

 

U

1234

1320

1379

1441

1484

1581

July Silver

 

D

18.53

20.01

22.67

23.59

25.88

28.46

July Copper

 

D

298

303

307

321

337

350

June Crude

 

D

83.05

85.65

87.70

89.62

91.12

93.97

 

 

 

 

 

 

 

 

 News