Trading news

Trading Analysis 12th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1610.1 - $ 1623.0 - $ 1636.7

Support Levels:
$ 1583.5 - $ 1569.8 - $ 1556.9

Strategy:
Neutral

Gold is expected to trade in the range of 1582 and 1600. Downside penetration of 1582 may call for 1570; upside penetration of 1600 may show 1610.

 

Import Prices @1730(GMT+5)hours.

Federal Budget Balance @2300(GMT+5)hours.

Silver:
Resistance Levels:
$ 28.92 - $ 29.33 - $ 29.66


Support Levels:
$ 28.17 - $ 27.84 - $ 27.43

Strategy:
Neutral

Long in the range of 28 to 28.30, put stop loss at 27.90. downside penetration of 27.90 may call for 27.60 and 27.20. Good levels to short is in the range of 28.90 and 29.10.

Crude Oil:
Resistance Levels:
$ 84.80 - $ 88.49 - $ 90.33

Support Levels:
$ 79.27 - $ 77.43 - $ 73.74

Strategy:
Neutral

Good levels to buy are 80.80 to 81.20 and 80 to 80.20, 80 is a very strong support. Good levels to short are 83.20, 83.85 and 84.50; 87 is a very strong resistance.

 

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2607 - $ 1.2731 - $ 1.2795

Support Levels:
$ 1.2419 - $ 1.2355 - $ 1.2231

Strategy:
Neutral

GBPUSD :
Resistance Levels:

$ 1.5549 - $ 1.5615 - $ 1.5648

Support Levels:

$ 1.5450 - $ 1.5417 - $ 1.5351

Strategy:
Neutral

Manufacturing Production @1330(GMT+5)hours.

NIESR GDP Estimate @1900(GMT+5)hours.


AUDUSD :
Resistance Levels:
$ 0.9960 - $ 1.0057- $ 1.0106

Support Levels:
$ 0.9814 - $ 0.9765 - $ 0.9623

Strategy:
Neutral

Tuesday, 12 Jun, 2012 / 3:58

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

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