TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1665.00 - $1669.70 - $1675.40Support Levels:
$ 1654.60 - $1648.90 - $1644.20Strategy:
Buy on Dips
Long above 1650, target 1669, 1675 and 1683. A good strong resistance is at 1666. Downside penetration of 1650 may call for 1644.
U.S.Core CPI& Unemployment Claims at 1750(GMT+5) hours
SILVER
Resistance Levels:
$ 31.81 - $ 32.04 - $ 32.26
Support Levels:
$ 31.36 - $ 31.14 - $ 30.91
Strategy:
Buy on Dips
Long at 31.14, target 31.36 and 32.04. downside penetration of 31.14 may call for 30.91
CRUDE OIL
Resistance Levels:
$ 103.51 - $ 104.46 - $ 105.80
Support Levels:
$ 101.22 - $ 99.88 - $ 98.93
Strategy:
Sell on Strength
Short below 103.51, target 101.5 and 99.8. upside penetration of 103.51 may show 105.49.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0344 - $ 1.0391 - $ 1.0451
Support Levels:
$ 1.0237 - $ 1.0177 - $ 1.0130
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5944 - $ 1.5984 - $ 1.6030
Support Levels:
$ 1.5858 - $ 1.5812 - $ 1.5772
Strategy:
Buy on Dips
Trade Balance at 1330(GMT+5)hours
EURUSD :
Resistance Levels:
$ 1.3154 - $ 1.3201 - $ 1.3245
Support Levels:
$ 1.3063 - $ 1.3019 - $ 1.2972
Strategy:
Buy on Dips
Industrial production at 1400(GMT+5) hours