By TRADING CENTRAL
The Dow Jones Newswires Technical Analysis Partner
London (TRADING Central)--Rolling 24-hour chart levels:
Index: OMXS30 OMX Copenhagen OBX OMX Helsinki
1 week Trend: Bullish Bullish Bullish Bullish
1 month Trend: Range Bullish Bullish Bullish
3rd Resistance 1037 473.7 393.1 1928
2nd Resistance 1035 472.8 392.1 1922
1st Resistance 1031 472.0 391.0 1917
Pivot* 1029 468.0 388.0 1905
1st Support 1017 466.4 385.7 1890
2nd Support 1014 465.1 384.0 1881
3rd Support 1012 464.3 382.9 1875
* The pivot is the sum of the high, low and close divided by three.
OMXS30
Our preference: under pressure below 1031.
Alternative scenario: the upside breakout of 1031, would call for 1035
and 1037.
Comment: the RSI is below 50. The MACD is positive and below its
signal line. The MACD must penetrate its zero line to expect further
downside. OMXS30 index is trading under both its 20 and 50 period MA
(respectively at 1032.33 and 1026.57). Finally, the OMXS30 index has
penetrated its lower daily Bollinger band (1024.58).
1 week Trend: Bullish / 1 month Trend: Range
OMX Copenhagen
Our preference: the upside prevails as long as 466.4 is support.
Alternative scenario: below 466.4, expect 465.1 and 464.3.
Comment: the RSI is above 50. The MACD is above its signal line and
positive. The configuration is positive. OMX Copenhagen 20 is trading
above both its 20 and 50 period MA (respectively at 465.58 and 462.7).
The OMX Copenhagen 20 is currently trading near its 52 week high
reached at 471.5 on 03/04/12.
1 week Trend: Bullish / 1 month Trend: Bullish
OBX
Our preference: as long as 385.7 is support look for 391.
Alternative scenario: the downside breakout of 385.7 would call for
384 and 382.9.
Comment: the RSI is above its neutrality area at 50. The MACD is below
its signal line and positive. The index could retrace in the short
term. OBX Stock Index is trading above both its 20 and 50 period MA
(respectively at 385.94 and 382.36).
1 week Trend: Bullish / 1 month Trend: Bullish
OMX Helsinki
Our preference: as long as 1890 is support look for 1917.
Alternative scenario: below 1890, expect 1881 and 1875.
Comment: the RSI is above 50. The MACD is positive and below its
signal line. The index could retrace in the short term. OMX Helsinki
25 is trading under its 20 day MA (1901.19) but above its 50 period MA
(1892.84).
1 week Trend: Bullish / 1 month Trend: Bullish
Forex spot: EUR/SEK EUR/NOK USD/SEK USD/NOK
Spot 0511 GMT 8.5455 7.4666 6.9576 6.0791
1 week Trend: Bearish Bearish Bearish Bullish
1 month Trend: Bearish Bearish Range Bullish
20 day ma 8.6831 7.4961 6.9977 6.0416
3rd Resistance 8.5660 7.4870 6.9740 6.1010
2nd Resistance 8.5610 7.4840 6.9620 6.0900
1st Resistance 8.5520 7.4810 6.9570 6.0850
Pivot* 8.5524 7.4665 6.9585 6.0761
1st Support 8.5260 7.4680 6.9260 6.0580
2nd Support 8.5210 7.4630 6.9190 6.0510
3rd Support 8.5150 7.4590 6.9120 6.0440
* The pivot is the sum of the high, low and close divided by three.
EUR/SEK
Our preference: the downside prevails as long as 8.552 is resistance.
Alternative scenario: the upside breakout of 8.552, would call for
8.561 and 8.566. Comment: the RSI is below 30. It could either mean
that the pair is in a lasting downtrend or just oversold and therefore
bound to retrace (look for bullish divergence in this case). The MACD
is below its signal line and negative. The configuration is negative.
Moreover, the pair stands below its 20 and 50 MAs (respectively at
8.6012 and 8.5965).
1 week Trend: Bearish / 1 month Trend: Bearish
EUR/NOK
Our preference: as long as 7.468 is support look for 7.484.
Alternative scenario: the downside breakout of 7.468 would call for
7.463 and 7.459.
Comment: the RSI is above 50. The MACD is below its signal line and
positive. The pair could retrace. Moreover, the pair is trading above
both its 20 and 50 MAs (respectively at 7.4698 and 7.4647).
1 week Trend: Bearish / 1 month Trend: Bearish
USD/SEK
Our preference: the downside prevails as long as 6.962 is resistance.
Alternative scenario: the upside breakout of 6.962, would call for
6.974 and 6.982.
Comment: the RSI is below 30. It could either mean that the pair is in
a lasting downtrend or just oversold and therefore bound to retrace
(look for bullish divergence in this case). The MACD is negative and
below its signal line. The configuration is negative. Moreover, the
pair stands below its 20 and 50 MAs (respectively at 7.0059 and
7.0229).
1 week Trend: Bearish / 1 month Trend: Range
USD/NOK
Our preference: the downside prevails as long as 6.09 is resistance.
Alternative scenario: above 6.09, look for 6.101 and 6.108.
Comment: the RSI is below 50. The MACD is negative and below its
signal line. The configuration is negative. Moreover, the pair stands
below its 20 and 50 MAs (respectively at 6.0845 and 6.0986).
1 week Trend: Bullish / 1 month Trend: Bullish
* The pivot is the sum of the high, low and close divided by 3.
To watch a series of short videos explaining the basics of technical
analysis, click on this link:
http://link.brightcove.com/services/player/bcpid44283734001
For more technical analysis see: Dow Jones Newswires, N/DJTA;
Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
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specialising in technical analysis.
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(END) Dow Jones Newswires
July 18, 2012 04:21 ET (08:21 GMT)
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