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Wall Street Collapses, Dollar goes up

|Includes: FXE, GLD, SPDR S&P 500 Trust ETF (SPY), USL, USO, UUP
US stock markets closed strongly lower on thursday 4th of August.
Silver and Gold closed much lower, with Gold hitting a new all time high above $1685 per ounce before reversing.
The Euro was lower by more than two figures vs the USD.
West Texas Intermediate Crude Oil closed around $87 per barrel.

The Big Picture

On thursday 4th of August, US stock markets fell strongly.

Source: Dshort
Outlook

S&P 500 presents resistance at 1309 points and support at 1150 points.

Gold presents resistance at $1735 and support at $1604 to $1580.

The Euro euro presents resistance at $1,4750 and support at $1,40 and below at $1,3730.

Crude Oil presents resistance at $102,40 to $104 and support around $80.



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