TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1603.50 - $1611.40 - $1620.70
Support Levels:
$ 1577.00 - $1569.10 - $1553.00
Strategy:
Sell on Strength
Short below 1585, put stop loss at 1595.
U.S. Core PPI Input at 1730 followed by Consumer Sentiment at 1855 (GMT+5) hours.
Silver:
Resistance Levels:
$ 29.44 - $ 29.71 - $ 29.96
Support Levels:
$ 28.68 - $ 28.41 - $ 28.08
Strategy:
Range Trade
Silver will likely remain between 28.50 and 29.75
Crude Oil:
Resistance Levels:
$ 97.82 - $ 98.56 - $ 99.43
Support Levels:
$ 95.34 - $ 94.60 - $ 93.85
Strategy:
Range Trade
Oil will likely remain between 95.15 and 96.95. A strong support is 95.15.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0116 - $ 1.0176 - $ 1.0211
Support Levels:
$ 1.0021 - $ 0.9986 - $ 0.9926
Strategy:
Range Trade
AUD will likely remain between 0.9986 and 1.0081.
GBPUSD :
Resistance Levels:
$ 1.6178 - $ 1.6224 - $ 1.6269
Support Levels:
$ 1.6087 - $ 1.6042 - $ 1.5996
Strategy:
Range Trade
GBP will likely remain between 1.6087 and 1.6178.
PPI Input at 1330(GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.2965 - $ 1.2998 - $ 1.3019
Support Levels:
$ 1.2911 - $ 1.2890 - $ 1.2857
Strategy:
Range Trade
EUR will likely remain between 1.2998 and 1.2890.
