Trading Analysis - 13th March 2012
ACM Gold and Forex Trading (PTY) Ltd
Tuesday, 13/03/2012 | 06:30 GMT-0 TECHNICAL's IN FOCUS
Gold: Resistance Levels: $ 1714.00 - $ 1728.10 - $ 1738.90Support Levels: $ 1689.10 - $1678.30 - $1664.20
Strategy: Buy on Dips
(Long positions above 1689, targeting 1714. If market breaks and trades above this level, next target might be around 1730. A downward breakage of 1689 could lead to 1678.)
Silver: Resistance Levels: $ 34.09 - $ 34.76 - $ 36.12 Support Levels: $ 33.06- $ 32.70 - $ 32.03 Strategy: Buy on Dips
(Buy above 33.05 targeting 34.40 & 35.20. A fall below 33.05 will call for 32.50).
Crude Oil: Resistance Levels: $ 107.47 - $ 108.61 - $ 109.65 Support Levels: $ 105.29 - $ 104.25 - $ 103.11 Strategy: Buy on Dips
(Buy above 105.29, targeting 107.47 & 109.65. A downward breakage of 105.29, market may show 104.25)