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