Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]
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Trading Analysis - 10th February 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1755.10 - $ 1769.00 - $ 1782.50
Support Levels:
$ 1727.70 - $1714.20 - $1700.40
Strategy: Sell on Strength
(Sell below $1763.00 targeting $1710 initially and then $1698. Breaking above $1763 will call for $1797)
Silver:
Resistance Levels:
$ 34.40 - $ 34.80 - $ 35.13
Support Levels:
$ 33.60- $ 33.25 - $ 32.80
Strategy: Sell on Strength
(Sell below $34.55 targeting $33.51 initially and then $32.82. Breaking above $34.55 will call for $35.50)
Crude Oil:
Resistance Levels:
$ 100.46 - $ 101.08 - $ 101.98
Support Levels:
$ 98.94 - $ 98.04 - $ 97.42
Strategy: Buy on Dips
(Buy above $97.80 targeting $100.29 initially and then $102.25. Break below $97.80 will call for $95.80.)
Friday, 10 Feb, 2012 / 5:06
Source : http://www.acmgold.com/news-analysis
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