(MENAFN- DailyFX) US DOLLAR TECHNICAL ANALYSIS € Prices are attempting to extend upside momentum after touching the highest level in a month. A daily close above the 50% Fibonacci retracementat 11898 exposes the 61.8% level at 11960. Alternatively, a reversal below the 38.2% Fib at 11836 opens the door for a challenge of the 23.6% retracement at 11759.
S&P 500 TECHNICAL ANALYSIS € Prices are consolidating after breaking range resistance and setting a new record high. From here, a daily close above the 50% Fibonacci expansion at 2140.70 exposes the 61.8% level at 2159.30. Alternatively, a move back below the 38.2% Fib at 2122.10 targets the 23.6% expansion at 2099.10.
GOLD TECHNICAL ANALYSIS € Prices continue to consolidate after recoiling from resistance below $1250/oz. A close below trend line resistance-turned-support at 1203.88 exposes the 23.6% Fibonacci expansion at 1193.38. Near-term resistance is at 1232.30, the May 18 high.
CRUDE OIL TECHNICAL ANALYSIS € Prices remain locked in a choppy consolidation range below the $70/barrel figure. A daily close below the 23.6% Fibonacci retracement exposes the 38.2% level at 60.27. Alternatively, a move above trend line resistance at 66.57 targets the 23.6% Fib expansion at 69.70.
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