Wall Street finished mixed on Friday with the NASDAQ rising by 0.27%, the S&P 500 trading almost unchanged, and the Dow Jones losing 0.3% from its value. Technically, according to the daily chart, as long as the Dow is holding above the Moving Averages 10, and with the RSI above 50, we expect it to rise to around 16,700. However, crossing below 16,650 may lead the index back to the support of 16,600.
Microsoft shares rose by 1.17%, closing at $44.79. Technically, according to the 1-hour chart, the share is trading in a positive momentum towards the resistance of $45.30 with the MACD indicator above 0. Breaching this may lead the share price to around $49.00.
Gold fell by -0.72%, closing at $1293 an ounce. Technically, according to the 4-hour chart, gold is trading in a negative trend below the resistance of $1,318 with the Momentum indicator below 0. Maintaining these conditions may lead gold towards $1,280. However, breaching the resistance may send it to around $1,330.
Crude oil rose by 1.49%, closing at $96.84 a barrel, as the situation in Ukraine continues to deteriorate. Technically, according to the 8-hour chart, oil is holding below the Moving Average 20. Breaching this indicator may lead oil back to $98.00, while remaining below should see it testing the support of $95.00 again.
The euro rose slightly versus the U.S Dollar, influenced by U.S economic data. Technically, according to the daily chart, the RSI indicator is struggling to breach 0, which indicates the power of the sellers. As long as the EUR/USD is holding below the resistance of 1.3430, it is expected to fall to around 1.3350. Today, the German Buba Monthly Report is expected.
The Pound rose versus the U.S Dollar following an encouraging Second Estimate GDP result. Technically, according to the daily chart, as long as the GBP/USD is holding above the support of 1.6680 with the RSI maintaining the oversold area, the pair is expected to rise to around 1.6800. Crossing below the support may take it towards 1.6650.