GU: Bearish:
Price level is below 200 day moving average.
I am watching 1.6055 as a resistence and major support around 1.53435
Oil: Bearish:
Price level below 200 day moving average.
I am watching $93.25 and $94.62 (0.00 Fib) price levels.
$87.10 is Target1.
UJ: Side ways:
80.22 and 79.92 region is currently providing support.
80.92 is first resistance moving up.
EU: Bearish:
Price level currently below 100 day moving average.
I am watching 1.4235 as resistance and first target around 1.3725
Gold: Side ways:
Ranging between 1551 and 1461.
Current price level is below 40day moving average.
Summary:
Over all global economy is in a slow moving period. Corporate earning are very crucial for next move up in the equities. Housing market is lagging but a great opportunity for investment (Preferably Cash buying). Gold is still an attractive investment. I expect Dollar is looking to hold its ground against its major counter parts later this year.
Long Term: Second half of the year looks solid for Asia and global economy will sustain and grow. Consumer is getting strong and healthy (Savings are rising and spending is fairly stable).
