Risk Appetite Remains High On Trade Deal & US Data
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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
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