Trading news

Market Insight 25th June 2012

Gold:
Resistance Levels:
$ 1578.6 - $ 1584.1 - $ 1594.1

Support Levels:
$ 1563.1 - $ 1553.1 - $ 1547.6

Strategy:
Sell on Strength

Sell below 1592 targeting 1530. A break above 1590 will call for 1621.

 

Home sales @ 1900 (GMT + 5)

Silver:
Resistance Levels:
$ 27.040 - $ 27.260 - $ 27.525


Support Levels:
$ 26.555 - $ 26.290 - $ 26.070

Strategy:
Buy on Dips

Buy above 26.00 targeting 27.62. A break below 26.00 will call for 24.50.

 

Crude Oil:
Resistance Levels:
$ 81.16 - $ 82.17 - $ 83.97

Support Levels:
$ 78.35 - $ 76.55 - $ 75.54

Strategy:
Sell on Strength

Sell below 81.00 targeting 77.50. A break above 81.00 will call for 83.15.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0059 - $ 1.0117 - $ 1.0158

Support Levels:
$ 1.0020 - $ 0.9979 - $ 0.9951

Strategy:
Buy on Dips

 

GBPUSD :
Resistance Levels:

$ 1.5626- $ 1.5668 - $ 1.5704

Support Levels:

$ 1.5548 - $ 1.5512 - $ 1.5470

Strategy:
Buy on Dips

EURUSD :
Resistance Levels:

$ 1.2594 - $ 1.2620 - $ 1.2658

Support Levels:
$ 1.2530 - $ 1.2492 - $ 1.2466

Strategy:
Sell on Strength

Monday, 25 Jun, 2012 / 3:23

Source : http://www.acmgold.com/news-analysis

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