Trading news

Market Insight - 8th February 2012

TECHNICAL's IN FOCUS


Gold:
Resistance Levels:
$ 1763.1 - $ 1777.9 - $ 1803.1

Support Levels:
$ 1723.1 - $1697.9 - $1683.1

Strategy:

Buy above $1740 targeting $1775.00. A fall below $1740.00 will call for further slide towards $1720.00

Silver:
Resistance Levels:
$ 34.66 - $ 35.12 - $ 35.87

Support Levels:
$ 33.44 - $ 32.69 - $ 32.23

Strategy:

Buy positions above $33.60 targeting $34.70. A fall below $33.60 will call further downside towards $32.85.

Crude Oil:
Resistance Levels:
$ 99.75 - $ 101.08 - $ 103.04

Support Levels:
$ 97.79 - $ 96.46 - $ 94.50

Strategy:


Buy above $97.80, targeting 100.30. A fall below $97.80 may call for further downside towards $95.00.

Wednesday, 08 Feb, 2012 / 8:09

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

Trading news

 

Asian Shares Traded Higher, AUD Benefited Amid Hopes US Fiscal Stimulus

Asian stocks traded higher amid optimism sparked by the recent developments in [...]

Posted on Wednesday, 21 Oct, 2020 / 10:51 under

Vigilant Markets

The market swings between risk-on and off sentiments, while the clock is [...]

Posted on Wednesday, 21 Oct, 2020 / 9:34 under

Stimulus deal moves closer; stocks cheer but dollar sags

  Talks continue on virus relief bill as Trump backs large [...]

Posted on Wednesday, 21 Oct, 2020 / 9:31 under