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Trading Analysis 11th June 2012

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

Bank Holiday Today!

Monday, 11 Jun, 2012 / 4:33

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

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