Gold breaking double support
Gold (XAU) is breaking June support 1907 and 200 days Moving Average at 1905. Next support levels are 1856 (minor) and 1807 (major). Source : Bloomberg
Industrial Sector retesting recent breakout
Industrial Sector (XLI US) is retesting July's breakout level. Keep an if it can hold. Next major support level is 103-104 zone. Source : Bloomberg
Health Care Sector pennant weekly pattern
Health Care Sector (XLV US) is in a consolidation pennant pattern since April 2022 ! Since 5 weeks, it's trying to breakout on the upside. Keep an eye on this level. Source : Bloomberg
Materials sector retesting important level
Materials sector (XLB US) is retesting April 2022 resistance downtrend level. Keep an eye at this level for breakout confirmation. Source : Bloomberg
SMI Index on lower end of trend channel
SMI Index (SMI) is testing the lower end of September 2022 bullish trend channel. Will market have enough strenght to rebound from here ? Next support levels are 10'850 and 10'600. Source : Bloomberg
Chevron breakout ?
Chevron (CVX US) is trying to breakout of massive triangle pattern. Will it be able to break ? Keep an eye on volume. Source : Bloomberg
Nestle on the lower end of the channel
Nestle (NESN SW) is once again testing the lower end of the channel around 104. Will it rebound like the last times ? Source : Bloomberg
Microsoft approaching support 316
Microsoft (MSFT US) continues it's consolidation since mid July. It's now approaching important support level at 316. That level was March 2022 high and May 2023 breakout level. Keep an eye at that level. Source : Bloomberg
