TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1672.80 - $1685.00 - $1705.10Support Levels:
$ 1640.50 - $1620.40 - $1608.20Strategy:
Range Trade
Buy Strategy: Long above 1646, target 1666 & 1685.
Short Strategy: Short below 1666, target 1646. A break below 1646 could call for 1640 & 1620.
Silver:
Resistance Levels:
$ 32.04 - $ 32.41 - $ 32.87
Support Levels:
$ 31.21 - $ 30.75 - $ 30.38
Strategy:
Range Trade
Short strategy: short at 31.91, target 31.15 & 30.75.
Buy strategy: Long at 31.90, target 32.04 & 32.41
Crude Oil:
Resistance Levels:
$ 102.43 - $ 103.83 - $ 104.71
Support Levels:
$ 100.15 - $ 99.27 - $ 97.87
Strategy:
Sell on Strength
Short below 102.94, target 100.81 & 99.27. Upside penetration of 102.94 could call for 103.83 & 104.71.
U.S. Crude Oil Inventories data expected today at 1930 (GMT+5) hours
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0321 - $ 1.0392 - $ 1.0429
Support Levels:
$ 1.0213 - $ 1.0176 - $ 1.0105
Strategy:
Sell on Strength
Short at 1.0387, target 1.0350, put stop loss at 1.0429
GBPUSD :
Resistance Levels:
$ 1.5925 - $ 1.5988 - $ 1.6047
Support Levels:
$ 1.5803 - $ 1.5744 - $ 1.5681
Strategy:
Sell on Strength
Short at 1.5961, target 1.5925, 1.5803 & 1.5770. Put loss at 1.5988.
EURUSD :
Resistance Levels:
$ 1.3131 - $ 1.3182 - $ 1.3221
Support Levels:
$ 1.3041 - $ 1.3002 - $ 1.2951
Strategy:
Sell on Strength
Short at 1.3164, target 1.3131 and put stop loss at 1.3188. Upside penetration of 1.3188, target 1.3221.