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Trading Analysis 11th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1590.5 - $ 1615.1 - $ 1628.1

Support Levels:
$ 1552.9 - $ 1539.9 - $ 1515.3

Strategy:
Buy on Dips

Buy above $1564 targeting $1586. A fall below $1564 will call for $1550.

Trade Balance @ 1730 10-yr Bond Auction @ 2200 (GMT + 5)

Caution: FOMC Meeting Minutes @ 2300 (GMT + 5)

Silver:
Resistance Levels:
$ 27.32 - $ 27.88 - $ 28.19


Support Levels:
$ 26.45 - $ 26.14 - $ 25.58

Strategy:
Buy on Dips

Buy above $26.73 targeting $27.36. A fall below $26.73 will call for $26.11.

Crude Oil:
Resistance Levels:
$ 85.43 - $ 86.84 - $ 87.73

Support Levels:
$ 83.13 - $ 82.24 - $ 80.83

Strategy:
Buy on Dips

Buy above $83.64 targeting $86.41. A fall below $83.64 will call for $82.09.

CAUTION: Crude Oil Inventories @ 1930 (GMT + 5)

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0236 - $ 1.0282 - $ 1.0320

Support Levels:
$ 1.0152 - $ 1.0114 - $ 1.0068

Strategy:
Buy on Dips

GBPUSD :
Resistance Levels:

$ 1.5552- $ 1.5586 - $ 1.5623

Support Levels:

$ 1.5481 - $ 1.5444 - $ 1.5410

Strategy:
Buy on Dips

EURUSD :
Resistance Levels:

$ 1.2310 - $ 1.2371 - $ 1.2408

Support Levels:
$ 1.2212 - $ 1.2175 - $ 1.2114

Strategy:
Buy on Dips

German 10-yr Bond Auction All day

Wednesday, 11 Jul, 2012 / 4:52

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

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