Trading news

Trading Analysis - 11th April 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1672.80 - $1685.00 - $1705.10

Support Levels:
$ 1640.50 - $1620.40 - $1608.20

Strategy:

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. 

Wednesday, 11 Apr, 2012 / 6:57

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

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