With some serious moves unfolding in key markets today, today top Citi analyst Tom Fitzpatrick warned King World News that gold, stocks, the dollar and euro are all now poised for major moves!  Five key charts are also shown.

October 22 (King World News) – Top Citi analyst Tom Fitzpatrick

The Stock Market

The S&P has bounced back to decent resistance levels at 2,040 – 2,051, where horizontal levels, the trendline resistance and the 55 week moving average converge.

KWN Fitzpatrick V 10:22:2015

As long as we remain below the 55 week moving average on a weekly close basis, we believe another leg lower towards the 200 week can still be seen.


WTI Crude broke out of its triangle consolidation and traded higher to test the 200 day moving average (currently at $50.71) before turning lower.

Price is now holding at a confluence of support levels including the 76.4% retracement of the September low to October higher move ($45.03), the 55 day moving average ($44.87) and former triangle resistance (now support, $44.72) – (see chart below).

KWN Fitzpatrick IV 10:22:2015

Should these levels hold with price turning higher, resistance will be found at the 200 day moving average and the October high ($50.92). A close above there suggests WTI Crude could be on its way to $56.51 and then the $61.82 – $62.58 area (see chart above)…

All KWN readers and listeners who sign-up and fund a BitGold account will receive an
additional 5% bonus (up to $100.00) added to their Bitgold accounts.
Sign up today by email –

BitGold : King World News - sponsor logo IIISponsored

Fitzpatrick also included three additional charts — one of the euro, which is projected to head higher, and one of the dollar, which is projected to head lower, and one of the gold market, which is projected to head higher (see all three charts below).

Euro Headed Higher

KWN Fitzpatrick I 10:22:2015

U.S. Dollar Headed Lower

KWN Fitzpatrick II 10:22:2015


Tom Fitzpatrick continues:  “On July 20 Gold set a low not seen since early 2010 and then turned higher from $1,073. After rallying over 8%, price turned lower to test the 76.4% retracement ($1,096) of that rally (see chart below).

KWN Fitzpatrick III 10:22:2015

Since then, price has moved another 8% higher and now faces resistance at the 55 week moving average at $1,184 as well as a downward sloping trendline at $1,180. A weekly close above there, if seen, would leave room for price to trade up to the 2015 high above $1,390 near the 200 week moving average (see chart above).”

***ALSO JUST RELEASED: Famed Economist Richard Yamarone Just Issued A Dire Warning CLICK HERE.

© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.

If you are interested in purchasing physical gold and silver for delivery you can call SQ Metals at (406)586-4842, or you can email them at tyler@safetrek.com or info@sqmetals.com

King World News RSS Feed