Trading news

Trading Analysis - 13th April 2012

TECHNICAL's IN FOCUS

GOLD 
Resistance Levels:
$ 1686.70 - $1698.10 - $1716.30

Support Levels:
$ 1657.10 - $1638.90 - $1627.50

Strategy:

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

Friday, 13 Apr, 2012 / 4:10

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

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