Trading news

Trading Analysis - 11th May 2012

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.

Friday, 11 May, 2012 / 4:22

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

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