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Trading Analysis 13th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1581.70 - $ 1591.60 - $ 1605.20

Support Levels:
$ 1558.20 - $ 1544.60 - $ 1534.70

Strategy:

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

Italian Bond Auction Today!

Friday, 13 Jul, 2012 / 5:01

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

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