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Market Insight - 6th February 2012

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.

 

Monday, 06 Feb, 2012 / 8:17

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

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