Gold, Crude Oil, the Euro and the Dow are Overbought

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8/8/2019 Gold, Crude Oil, the Euro and the Dow are Overbought

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8/8/2019 Gold, Crude Oil, the Euro and the Dow are Overbought

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Courtesy of Thomson / Reuters

Nymex Crude Oil – ($82.21) Weekly and annual value levels are $79.62 and $77.05 with mysemiannual pivot at $83.94, and monthly and daily risky levels at $84.74 and $86.11.

Courtesy of Thomson / Reuters

8/8/2019 Gold, Crude Oil, the Euro and the Dow are Overbought

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The Euro – (1.3871) Weekly, quarterly and weekly value levels are 1.3737, 1.3318 and 1.2919 with adaily risky level at 1.4034. My monthly value level is 1.2342 with semiannual risky level at 1.4733.

Courtesy of Thomson / Reuters

Daily Dow: (11,010) Semiannual, annual and quarterly value levels are 10,558, 10,379 and 8,523 witmonthly, daily and weekly pivots at 10,857, 11,000 and 10,938, and annual and semiannual riskylevels at 11,235 and 11,296. My annual risky level at 11,235 was tested at the April 26 th high of 11,258.01.

Courtesy of Thomson / Reuters

8/8/2019 Gold, Crude Oil, the Euro and the Dow are Overbought

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That’s today’s Four in Four. Have a great day.

Richard Suttmeier

Chief Market StrategistValuEngine.com(800) 381-5576

Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our productsand services visit www.ValuEngine.com 

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.comI have daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters awell as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as the

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