Trading news

Trading Analysis 11th September 2012

GOLD
Resistance Levels:
$ 1737.2 - $ 1747.4 - $ 1752.5

SUPPORT LEVELS:
$ 1721.9 - $ 1716.8 - $ 1706.6

STRATEGY:
Neutral

Long above $1680-85; target $1698, $1705 and $1712, put stop loss below $1674.
Sell below $1700-05; target $1685-80, put stop above $1712.

Trade Balance @ 1800 (GMT+5) hours.

Silver
Resistance Levels:
$ 33.8 - $ 34.2 - $ 34.5

SUPPORT LEVELS:
$ 33.1 - $ 32.8 - $ 32.3

STRATEGY:
Neutral

Long above $31.90; target $32.50, and $32.90. A break below $31.70 may show $31.50 and $31.20.

Crude Oil
Resistance Levels:
$ 96.8 - $ 97.3 - $ 98.1

SUPPORT LEVELS:
$ 95.5 - $ 94.8 - $ 94.3

STRATEGY:
Neutral

Long above $93.90 - $94.40; target 95.50 and $96.50.
Sell below $95.90 - $96.60; target $94.50.

AUD / USD
Resistance Levels:
$ 1.0420 - $ 1.0403 - $ 1.0368

SUPPORT LEVELS:
$ 1.0316 - $ 1.0299 - $ 1.0264

STRATEGY:
Neutral

EURO / USD :
Resistance Levels:
$ 1.2852 - $ 1.2832 - $ 1.2795

SUPPORT LEVELS:
$ 1.2738 - $ 1.2718 - $ 1.2681

STRATEGY:
Neutral

GBP / USD :
Resistance Levels:
$ 1.6018 - $ 1.6048 - $ 1.6077

SUPPORT LEVELS:
$ 1.5959 - $ 1.5930 - $ 1.5900

STRATEGY:
Neutral

Trade Balance @ 1400, followed by MPC Member Speaks @ 2245 (GMT+5) hours.

Tuesday, 11 Sep, 2012 / 3:12

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

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