Index Recommended Levels, July 12th 2010

By IBTimes Staff Reporter | July 12 2010 1:27 PM

Dow Jones:Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 21, 2008).Support (daily close): 9630.33 and 9358.35(main), 9090.00, 8912.62 (published on November 10, 2009).

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Today's support: - 10024.72 and 9993.00(main), where a delay and correction may happen. Break of the latter will give 9968.42, where correction also can be. Then follows 9943.11. Be there a strong impulse, we shall see 9918.87. Continuation will bring 9900.00 and 9983.14 . Today's resistance: - 10170.50(main), where a delay and correction may happen. Break would bring 10196.16, where a correction may happen. Then follows 10224.30, where a delay and correction could also be. Be there a strong impulse, we'd see 10249.67. Continuation would bring 10264.22.

S&P500 Support: - 1065.53, 1058.68, 1051.90 and 1047.22 ( main). Break will give 1038.63, where correction could be. Then follows 1027.38, where correction could also be. Be there a strong impulse, we would see 1015.30. Continuation will lead to 1011.50.Resistance: - 1082.36(main), where a correction may happen. Break would result in 1091.25, where correction may also be. Then 1102.50. Be there a strong impulse, we would see 1109.12. Continuation will lead to 1114.55.

NASDAQ Support : - 2171.30, 2165.60, 2147.67 and 2138.50 (main). Break will give 2125.80, where correction could be. Then 2112.19, where correction could also be. Be there a strong impulse, we would see 2100.93. Continuation will lead to 2070.00.Resistance : - 2205.00(main), where the correction could be. Break will bring 2214.46, where the correction may also happen. Then 2225.50. Be there a strong impulse, we would see 2238.70. Continuation will lead to 2251.81.

GOLD Support: - 1194.46 and 1186.88(main). Break of the latter will give 1180.19, where a correction is possible. Then 1165.38, where a correction is also possible. Be there a strong impulse, we would see 1150.30. Continuation will bring 1140.06.Resistance: - 1215.00(main), where a correction may happen. Break would bring 1228.28, where a correction may also happen. Then follows 1248.80. Be there a strong impulse, we'd see 1261.37. Continuation would bring 1266.33.

SILVER Support: - 17.72 and 17.58(main).where correction is possible. Break of the latter would give 17.42, where correction may happen. Then goes 17.23, where correction can also be. If a strong impulse, we would see 17.01. Continuation would give 16.84. Resistance : - 18.23, 18.40 and 18.63(main), where correction is possible. Break will lead 18.81, where again may be a correction. Then follows 18.97. If a strong impulse, we would have 19.16. Continuation would give 19.35.