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Trading Analyis 27th September 2012

ACM Gold and Forex Trading (PTY) Ltd

GOLD

Resistance Levels:

$ 1770.0 - $ 1784.2 - $ 1800.1

SUPPORT LEVELS:

$ 1739.9 - $ 1724.0 - $ 1709.8

STRATEGY:

Neutral

Market may stay in the range of $1740-$1770. Upside penetration of $1770 may lead to $1775, $1784, 1791. Downside breakage of $1740 may lead to $1732, $1725.

Silver

Resistance Levels:

$ 34.30 - $ 34.58 - $ 35.05

SUPPORT LEVELS:

$ 33.55 - $ 33.08 - $ 32.80

STRATEGY:

Neutral

Long in the range of $33.30-$33.50 targeting $34.30, $34.80. Use stop loss of $32.60.

Short in the range of $34.30-$34.80 targeting $33.30, $32.60. Use stop loss of $35.20.

Crude Oil

Resistance Levels:

$ 91.29 - $ 92.51 - $ 93.68

SUPPORT LEVELS:

$ 88.90 - $ 87.73 - $ 86.51

STRATEGY:

Sell on Strength

Sell below $94.00, target $90.10 and $89.87

EURO / USD :

Resistance Levels:

$ 1.2911 - $ 1.2950 - $ 1.2987

SUPPORT LEVELS:

$ 1.2835 - $ 1.2798 - $ 1.2759

STRATEGY:

Buy on Dips

GBP / USD :

Resistance Levels:

$ 1.6202 - $ 1.6241 - $ 1.6273

SUPPORT LEVELS:

$ 1.6131 - $ 1.6099 - $ 1.6060

STRATEGY:

Neutral

AUD / USD

Resistance Levels:

$ 1.0399 - $ 1.0429 - $ 1.0464

SUPPORT LEVELS:

$ 1.0334 - $ 1.0299 - $ 1.0269

STRATEGY:

Neutral

Disclaimer
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