TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1742.10 - $ 1755.75 - $ 1766.5
Support Levels:
$ 1722.18 - $1713.21- $1704.81
Strategy:
Buy on Weakness
Buy positions above 1730 with 1752 & 1765 as next targets. The downside penetration of 1728 will call for a slide towards 1713 & 1703.
Silver:
Resistance Levels:
$ 34.05 - $ 34.88 - $ 35.30
Support Levels:
$ 32.95 - $ 31.90 - $ 31.50
Strategy:
Buy on Weakness
Buy positions above 33.30 with 34 & 34.6 in sight. The downside penetration of 32.95 will call for 32.6, 31.9 & 31.5.
Crude Oil:
Resistance Levels:
$ 97.98 - $ 98.53 - $ 100.20
Support Levels:
$ 96.70 - $ 95.40 - $ 94.90
Strategy:
Buy on Dips
Buy positions above 96.70 with target of 97.98 & 98.53, breaking below 96.70 will call for 94.90 next target.