TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1632.8 - $ 1642.8 - $ 1655.9
Support Levels:
$ 1609.7- $ 1596.6 - $ 1586.6
Strategy:
Buy on Dips
Long above $1608-$1615, put stop loss at $1600, target $1630 & $1640. A fall below $1605 may call for $1595 & $1585.
Silver:
Resistance Levels:
$ 28.41 - $ 28.75 - $ 28.19
Support Levels:
$ 27.60 - $ 27.10 - $ 26.80
Strategy:
Sell on Strength
Short below $28.20-$28.40, put stop loss above $28.50, target $27.60 & $27.30. A break above $27.50 may call for $28.80 & $29.20.
Crude Oil:
Resistance Levels:
$ 91.7 - $ 90.6 - $ 89.6
Support Levels:
$ 93.9 - $ 94.9 - $ 96.1
Strategy:
Neutral
Good levels to sell: $94.20 & $94.80.
Good levels to buy: $92.86 & $91.70.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0605 - $ 1.0635 - $ 1.0690
Support Levels:
$ 1.0520 - $ 1.0465 - $ 1.0435
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5732 - $ 1.5778 - $ 1.5856
Support Levels:
$ 1.5608 - $ 1.5530 - $ 1.5488
Strategy:
Range Trade
EURUSD :
Resistance Levels:
$ 1.2322 - $ 1.2357 - $ 1.2398
Support Levels:
$ 1.2246 - $ 1.2205 - $ 1.2170
Strategy:
Sell on Strength