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Trading Analysis - 2nd March 2012

ACM Gold and Forex Trading (PTY) Ltd

TECHNICAL's IN FOCUS

GOLD


Resistance Levels:
$ 1734.6 - $ 1747.1 - $ 1766.8 Support Levels: $ 1702.4 - $1682.7 - $1670.2 Strategy:
Sell on Strength

(Sell below $1726 with targets 1704 and 1686. Upside penetration of 1726 will call for 1737 and 1752. But if doesn’t break 1737, short around this level)

SILVER

Resistance Levels:
$ 36.09 - $ 36.52 - $ 37.34

Support Levels:
$ 34.84- $ 34.02 - $ 33.59

Strategy:
Sell on Strength

(Short below 35.60 with target 34.50 & 33.90 breakage above 35.70 will call for 36.90 then majorly around 37.50)

CRUDE OIL

Resistance Levels:
$ 110.74 - $ 112.65 - $ 114.74

Support Levels:
$ 106.65 - $ 104.65 - $ 102.74

Strategy:
Buy on Dips

(Buy above 108.00, target 109.90. A good resistance is 110.95)

Source: https://www.acmgold.com/news-analysis
Disclaimer
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