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Wall Street closes strongest oscillation week

|Includes: FXE, GLD, SPDR S&P 500 Trust ETF (SPY), USO, UUP
US stock markets closed higher on friday 12th of August in a week marked by volatility.
Silver closed higher and Gold consolidated its correction.
The Euro was little changed vs the USD.
West Texas Intermediate Crude Oil closed around $85,30 per barrel.

The Big Picture

On friday 12th of August, US stock markets closed higher, in a week marked by strong oscillations of over 4% in the first 4 days of the week. Markets starting to remind of 2008. Volatility is back.

Source: Dshort
Outlook

S&P 500 presents resistance at around 1250 points and support at 1100 to 1086 points and lower at 981 points.

Gold presents short term resistance at $1802 and support at $1659 to $1645.

The Euro euro presents resistance at $1,4750 and support at $14080 and $1,3730.

Crude Oil presents short term resistance at $88,50 and support at $76,30.


Watch top financial clips updated everyday at:   TAO Investor

Aug 12th and today 13th video clips with: James Grant, Nouriel Roubini and Robert Prechter, David Rosenberg, Art Cashin, John Embry