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Trading Analysis 12th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1585.10 - $ 1593.20 - $ 1603.00

Support Levels:
$ 1567.20 - $ 1557.40 - $ 1549.30

Strategy:
Sell on Strength

Sell below $1584 targeting $1552. A break above $1584 will call for $1600. 

 

Unemployment Claims @ 1730, Import Prices @ 1730, Federal Budget Balance @ 2300 (GMT + 5)

Silver:
Resistance Levels:
$ 27.313 - $ 27.517 - $ 27.793


Support Levels:
$ 26.833 - $ 26.557 - $ 25.353

Strategy:
Sell on Strength

Sell below $27.20 targeting $26.30. A break above $27.20 will call for $27.70. 

Crude Oil:
Resistance Levels:
$ 87.03 - $ 88.03 - $ 89.56

Support Levels:
$ 84.60 - $ 83.07 - $ 82.12

Strategy:
Sell on Strength

Sell Below $86.50 targeting $83.20. A break above $86.50 will call for $87.70. 

 

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0293 - $ 1.0338 - $ 1.0395

Support Levels:
$ 1.0191 - $ 1.0134 - $ 1.0089

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5556- $ 1.5613 - $ 1.5648

Support Levels:

$ 1.5464 - $ 1.5429 - $ 1.5372

Strategy:
Buy on Dips

10-yr Bond Auction today!

EURUSD :
Resistance Levels:

$ 1.2285 - $ 1.2333 - $ 1.2370

Support Levels:
$ 1.2200 - $ 1.2163 - $ 1.2115

Strategy:
Buy on Dips

ECB Monthly Bulletin @ 1300, Industrial Production @ 1400, Draghi Speaks @ 1700 (GMT + 5)

Thursday, 12 Jul, 2012 / 4:19

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

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