TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1624.3 - $ 1637.9 - $ 1656.8
Support Levels:
$ 1591.8 - $ 1572.9 - $ 1559.3
Strategy:
Buy on Dips
Core Retail Sales @1730(GMT+5)hours.
PPI @1730(GMT+5)hours.
Retail Sales @1730(GMT+5)hours.
Core PPI @1730(GMT+5)hours.
Business Inventories @1900(GMT+5)hours.
Bond Auction @2200(GMT+5)hours.
Buy above 1604.01. Target 1633. A fall below 1604.01 might target 1570.0 again.
Silver:
Resistance Levels:
$ 29.19 - $ 29.49 - $ 29.93
Support Levels:
$ 28.46 - $ 28.02 - $ 27.72
Strategy:
Buy on Dips
Buy above 28.40, Target 30.00. A fall below 28.40 might target 27.90
Crude Oil:
Resistance Levels:
$ 84.42 - $ 85.40 - $ 87.07
Support Levels:
$ 81.77 - $ 80.10 - $ 79.12
Strategy:
Sell on Strength
Crude Oil Inventories @1930(GMT+5)hours.
Sell below 84.60. Target 80.26. A break above 84.60 might target 87.00
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2541 - $ 1.2578 - $ 1.2628
Support Levels:
$ 1.2454 - $ 1.2404 - $ 1.2367
Strategy:
Buy on Dips
Industrial Production @1400(GMT+5)hours.
German Bond Auction Today!
GBPUSD :
Resistance Levels:
$ 1.5621 - $ 1.5674 - $ 1.5757
Support Levels:
$ 1.5485 - $ 1.5402 - $ 1.5349
Strategy:
Buy on Dips
AUDUSD :
Resistance Levels:
$ 0.9999 - $ 1.0042- $ 1.0116
Support Levels:
$ 0.9882 - $ 0.9808 - $ 0.9765
Strategy:
Buy on Dips