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