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Wall Street closes worst week in over two years

|Includes: FXE, GLD, SPDR S&P 500 Trust ETF (SPY), USL, USO, UUP
US stock markets closed mixed on friday 5th of August in a brutal week marked by high volatility
Silver closed lower and Gold closed higher.
The Euro was higher by almost two figures vs the USD.
West Texas Intermediate Crude Oil closed around $86,70 per barrel after trading lower than $83.

The Big Picture

On friday 5th of August, US stock markets closed mixed with the Dow Jones closing higher, the S&P500 closing almost unchangedand the Nasdaq closing lower. The session like the rest of the week was marked by a strong volatility with the Dow whipsawing by over 400 points.

Source: Dshort
Outlook

S&P 500 presents resistance at 1287 and 1309 points and support at 1150 to 1130 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 $84.



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