Trading news

Trading Analysis 13th August 2012

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

Monday, 13 Aug, 2012 / 3:23

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

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