TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1596.9 - $ 1611.7 - $ 1624.7
Support Levels:
$ 1569.1- $ 1556.1 - $ 1541.3
Strategy:
Sell on Strength
Sell at $1593, target $1568. Use a stop loss of $1606.Use a stop loss of $1606. Use a stop loss of $1606. Use a stop loss of $1606.
Use a stop loss of $1606.Building Permits @ 1730, Housing Starts @ 1730, Beige Book @ 2300 (GMT + 5)
CAUTION: BERNANKE TESTIFIES @ 1900 (GMT + 5)Use a stop loss of $1606.
Silver:
Resistance Levels:
$ 27.670 - $ 28.070 - $ 28.545
Support Levels:
$ 26.795 - $ 26.320 - $ 25.920
Strategy:
Sell on Strength
Sell at $27.55, target $26.85. Use a stop loss of $27.8.
Crude Oil:
Resistance Levels:
$ 89.92 - $ 90.72 - $ 91.97
Support Levels:
$ 87.87 - $ 86.62 - $ 85.82
Strategy:
Buy on Dips
Buy at $87.85, target $91.00. Use a stop loss of $86.35.
Crude Oil Inventories @ 1930 (GMT + 5)
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0345 - $ 1.0373 - $ 1.0429
Support Levels:
$ 1.0261 - $ 1.0205 - $ 1.0177
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5702- $ 1.5753 - $ 1.5827
Support Levels:
$ 1.5577 - $ 1.5503 - $ 1.5452
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.2344 - $ 1.2394 - $ 1.2472
Support Levels:
$ 1.2216 - $ 1.2138 - $ 1.2088
Strategy:
Buy on Dips