Thursday 5th of March 2015 as of 11:00 CET

Crude oil is above the 52 dollar per barrel level this morning. We have resistance up at the 52.50 level followed by key resistance at 55. The 55 level is the key pivot levels for the bulls that have to be taken out, to open for a major move higher.

S&P 500 futures failed at 2117 last week and it will be interesting to see if we can get a daily close below 2080 now. That would be a warning signal for the bulls.

Euro is looking weak below the 1,13 level and the next major downside target is the 1.07 level.

Silver looks like an interesting long towards 15 level for a potential rebound towards 18,50 level.

Gold is weak below 1230 USD. Big support is 1080 level.

Asian markets closed higher with Hong Kong Hang Seng Index down 1,11%, Australia’s S&P/ASX 200 up 0,04% and Nikkei 225 up 0,26%.

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