TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1581.70 - $ 1591.60 - $ 1605.20Support Levels:
$ 1558.20 - $ 1544.60 - $ 1534.70Strategy:
Buy on Dips
Buy above $1553 targeting $1593. A fall below $1553 will call for $1515.
PPI @ 1730, Core PPI @ 1730, Prelim UoM Consumer Sentiment @ 1855, FOMC Member Lockhart Speaks @ 2020 (GMT + 5)
Silver:
Resistance Levels:
$ 27.545 - $ 27.910 - $ 28.470
Support Levels:
$ 26.620 - $ 26.060 - $ 25.695
Strategy:
Buy on Dips
Buy above $26.50 targeting $27.70. A fall below $26.50 will call for $25.80.
Crude Oil:
Resistance Levels:
$ 86.70 - $ 87.61 - $ 88.86
Support Levels:
$ 84.54 - $ 83.29 - $ 82.38
Strategy:
Buy on Dips
Buy above $84.20 targeting $89.50. A fall below $84.20 will call for $82.00.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0231 - $ 1.0325 - $ 1.0390
Support Levels:
$ 1.0072 - $ 1.0007 - $ 0.9913
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5498- $ 1.5569 - $ 1.5622
Support Levels:
$ 1.5374 - $ 1.5321 - $ 1.5250
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.2246 - $ 1.2288 - $ 1.2328
Support Levels:
$ 1.2164 - $ 1.2124 - $ 1.2082
Strategy:
Sell on Strength
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