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Trading Analysis - 10th April 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1650.30 - $1656.70 - $1663.50
Support Levels:
$ 1637.10 - $1630.30 - $1623.90
Strategy:
Buy on Dips
(Long above 1637, target 1650, 1657 & 1663. Downward penetration of 1635 will call for 1623 & 1611)
Silver:
Resistance Levels:
$ 31.98 - $ 32.44 - $ 32.77
Support Levels:
$ 31.19 - $ 30.86 - $ 30.40
Strategy:
Buy on Dips
(Long above 31.19, target 31.98 & 32.44. Downward penetration of 31.19 will call for 30.86 & 30.40)
Crude Oil:
Resistance Levels:
$ 103.10 - $ 103.75 - $ 104.89
Support Levels:
$ 101.31 - $ 100.17 - $ 99.52
Strategy:
Sell on Strength
(Short below 103.40, target 101.31 & 100.80. Upside penetration of 103.40 will call for 103.75 & 104.89)
Tuesday, 10 Apr, 2012 / 4:32
Source : http://www.acmgold.com/news-analysis
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