Index Recommended Levels, July 2nd 2010

By IBTimes Staff Reporter | July 02 2010 10:24 AM

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: - 9705.72(main), where a delay and correction may happen. Break of the latter will give 9669.30, where correction also can be. Then follows 9643.28. Be there a strong impulse, we shall see 9620.00. Continuation will bring 9572.60 and 9542.77. Today's resistance: - 9890.72, 9947.11 and 9984.37(main), where a delay and correction may happen. Break would bring 10080.15, where a correction may happen. Then follows 10147.50, where a delay and correction could also be. Be there a strong impulse, we'd see 10181.30. Continuation would bring 10206.37 and 10221.07.

S&P500 Support: - 1022.65( main). Break will give 1015.30, where correction could be. Then follows 1006.87, where correction could also be. Be there a strong impulse, we would see 998.44. Continuation will lead to 986.19. Resistance: - 1040.63, 1052.78, 1063.13 and 1069.75(main), where a correction may happen. Break would result in 1082.36, where correction may also be. Then 1091.25. Be there a strong impulse, we would see 1102.50. Continuation will lead to 1114.55.

NASDAQ Support : - 2087.47(main). Break will give 2074.62, where correction could be. Then 2050.66, where correction could also be. Be there a strong impulse, we would see 2038.30. Continuation will lead to 2025.00. Resistance : - 2126.26, 2139.50 and 2152.16(main), where the correction could be. Break will bring 2160.00, where the correction may also happen. Then 2175.88. Be there a strong impulse, we would see 2186.12. Continuation will lead to 2202.20.

GOLD Support: - 1193.50(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, 1228.28, 1248.80 and 1261.37(main), where a correction may happen. Break would bring 1266.33, where a correction may also happen. Then follows 1278.87. Be there a strong impulse, we'd see 1293.66. Continuation would bring 1302.22.

SILVER Support: - 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 : - 18.40 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.