TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1606.3 - $ 1621.3 - $ 1646.2
Support Levels:
$ 1566.4 - $ 1541.5 - $ 1526.5
Strategy:
Buy on Dips
Long above 1592, target 1610 and 1627. Downside penetration of 1592 may call for 1580 and 1574.
Silver:
Resistance Levels:
$ 28.77 - $ 29.08 - $ 29.51
Support Levels:
$ 28.03 - $ 27.60 - $ 27.29
Strategy:
Buy on Dips
Long above 28.50, target 28.90, a very resistance, put stop loss at 28.20. If market breaks 28.90, it may go upto 29.30, 29.40 and 29.80. Below 28.20, market may go down to 27.60.
Crude Oil:
Resistance Levels:
$ 85.18 - $ 86.26 - $ 87.85
Support Levels:
$ 82.51 - $ 80.92 - $ 79.84
Strategy:
Buy on Dips
Long above 84.30, target 86.26 and 87.85. Downside penetration of 84.30, market may call for 83.00.
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2582 - $ 1.2647 - $ 1.2721
Support Levels:
$ 1.2443 - $ 1.2369 - $ 1.2304
Strategy:
Buy on Dips
French Industrial Production @1145(GMT+5)hours.
GBPUSD :
Resistance Levels:
$ 1.5535 - $ 1.5602 - $ 1.5668
Support Levels:
$ 1.5402 - $ 1.5336 - $ 1.5269
Strategy:
Buy on Dips
AUDUSD :
Resistance Levels:
$ 0.9961 - $ 1.0010 - $ 1.0080
Support Levels:
$ 0.9842 - $ 0.9772 - $ 0.9723
Strategy:
Neutral
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