TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1739.20 - $ 1753.50 - $ 1766.10
Support Levels:
$ 1712.30 - $1699.70 - $1685.40
Strategy:
Sell on Strength
(Sell gold bellow $ 1728, target profit at $1713 & $1703. Upward breach $1728 will call for uptick towards $1742 & $1766. A good buying level is $1702 with a minimum stop loss at $1694 and immediate profit taking at $1714)
Silver:
Resistance Levels:
$ 34.09 - $ 34.42 - $ 34.97
Support Levels:
$ 33.20- $ 32.65 - $ 32.32
Strategy:
Sell on Strength
(Short position below $33.85 with 33.20 and 32.60 in sight. The upside breach of 34.05 will call for 34.60 and 35.30)
Crude Oil:
Resistance Levels:
$ 97.65 - $ 98.38 - $ 99.02
Support Levels:
$ 96.28 - $ 95.64 - $ 94.91
Strategy:
Buy on Dips
(Buy positions above 96.40, with target of $97.98 and $98.53, breaking below 96.35 will call for $94.90 and $94.50)