Trading news

Trading Analysis 10th July 2012

Gold:
Resistance Levels:
$ 1595.1 - $ 1602.6 - $ 1612.2

Support Levels:
$ 1578.0 - $ 1568.4 - $ 1560.9

Strategy:
Sell on Strength

IBD/TIPP Economic Optimism @ 1900 (GMT + 5)

Short below $1592.97 targeting $1571.00. A break above $1592.97 will call for $1609.00. 

Silver:
Resistance Levels:
$ 27.567 - $ 28.828 - $ 28.177


Support Levels:
$ 26.957 - $ 26.608 - $ 26.347

Strategy:
Sell on Strength

Short below $27.50 targeting $26.67. A break above $27.50 will call for $28.40.

Crude Oil:
Resistance Levels:
$ 86.81 - $ 87.89 - $ 89.29

Support Levels:
$ 84.33 - $ 82.93 - $ 81.85

Strategy:
Sell on Strength

Short below $86.41 targeting $83.20. A break above $86.41 will call for $88.30.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0227 - $ 1.0248 - $ 1.0285

Support Levels:
$ 1.0169 - $ 1.0132 - $ 1.0111

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5549- $ 1.5574 - $ 1.5613

Support Levels:

$ 1.5485 - $ 1.5446 - $ 1.5421

Strategy:
Sell on Strength

Manufacturing Production @ 1330, Trade Balance @ 1330, NIESR GDP Estimate @ 1900 (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2339 - $ 1.2366 - $ 1.2408

Support Levels:
$ 1.2270 - $ 1.2228 - $ 1.2201

Strategy:
Sell on Strength

French Industrial Production @ 1145, Italian Industrial Production @ 1300, ECOFIN Meetings ALL DAY (GMT + 5)

Tuesday, 10 Jul, 2012 / 4:16

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

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