Trading news

Trading Analysis - 12th April 2012

TECHNICAL's IN FOCUS

GOLD

Resistance Levels:
$ 1665.00 - $1669.70 - $1675.40

Support Levels:
$ 1654.60 - $1648.90 - $1644.20

Strategy:

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

Thursday, 12 Apr, 2012 / 4:44

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

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