Trading news

Market Insight - 27th January 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1737.80 - $ 1748.90 - $ 1766.30

Support Levels:
$ 1709.30 - $1691.90 - $1680.80

Strategy:
Buy on Weakness

(Market may test its support level around 1700 but if it break its support and sustain below will lead to 1680 level. Buy positions above 1703-1709 with 1730 & 1738 in sight. The downside penetration of 1703 will call for 1690 & 1680.)

Silver:
Resistance Levels:
$ 34.03 - $ 34.32 - $ 34.85

Support Levels:
$ 33.22 - $ 32.69 - $ 32.40

Strategy:
Buy on Weakness

Crude Oil:
Resistance Levels:
$ 100.98 - $ 102.27 - $ 103.14

Support Levels:
$ 98.82 - $ 97.95 - $ 96.66

Strategy:
Buy on Weakness

(Buy positions above 99.20-99.30 with 101.35 & 101.75 as next targets. The downside breakout of 99 will open the way to 98.25 & 97.5.)

Friday, 27 Jan, 2012 / 5:58

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

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