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Trading Analysis - 13th February 2012

TECHNICAL's IN FOCUS

GOLD 
Resistance Levels:
$ 1739.50 - $ 1753.80 - $ 1770.30

Support Levels:
$ 1708.7 - $1692.20 - $1677.90

Strategy: Buy on Dips

(Buy Gold above $1702, targeting $1734 and 1752. First resistance is at $1734, if it doesn’t break then market may come down to $1714.  Sell below $1702.00 targeting $1694 initially and then $1680.)

 

SILVER
Resistance Levels:
$ 34.05 - $ 34.50 - $ 34.94

Support Levels:
$ 33.16- $ 32.72  - $ 32.27

Strategy: Buy on Dips  

(Buy silver above $33.20 targeting $34.10 initially and then $34.60. Breaking below $34.40 will call for $33.62 and $32.90)

 

CRUDE OIL
Resistance Levels:
$ 99.93 - $ 101.20 - $ 102.50

Support Levels:
$ 97.36 - $ 96.06 - $ 94.79

Strategy: Sell on Strength

(Sell below $100.20 targeting will be $98.04 and $97.25. Break above $100.20 will call for next $101.50 and $102.25.)

 

Monday, 13 Feb, 2012 / 5:17

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

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