TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1686.70 - $1698.10 - $1716.30Support Levels:
$ 1657.10 - $1638.90 - $1627.50Strategy:
Buy on Dips
Long above 1666, target 1686.7 and 1693.7. Downside penetration of 1666 may call for 1657.5 and 1638.
U.S. Consumer Sentiment at 1855, Core CPI at 1730 & Fed Chairman Bernanke to speak at 2200 (GMT+5) hours later today!
SILVER
Resistance Levels:
$ 32.79 - $ 33.24 - $ 33.93
Support Levels:
$ 31.65 - $ 30.96 - $ 30.60
Strategy:
Buy on Dips
Long at 31.55, target 32.80 and 33.10. Downside penetration of 31.55 may call for 30.96
CRUDE OIL
Resistance Levels:
$ 104.46 - $ 105.27 - $ 106.31
Support Levels:
$ 102.61 - $ 101.57 - $ 100.76
Strategy:
Buy on Dips
Long above 102.38, target 104.46.Downside penetration of 102.38 may show 101.50 and 100.76.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0493 - $ 1.0548 - $ 1.0649
Support Levels:
$ 1.0340 - $ 1.0242 - $ 1.0187
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5994 - $ 1.6031 - $ 1.6077
Support Levels:
$ 1.5911 - $ 1.5865 - $ 1.5828
Strategy:
Buy on Dips
PPI input at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3231 - $ 1.3276 - $ 1.3341
Support Levels:
$ 1.3121 - $ 1.3056 - $ 1.3011
Strategy:
Buy on Dips
Industrial production at 1300(GMT+5) hours