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Trading Analysis - 13th March 2012

 TECHNICAL's IN FOCUS

 

Gold:
Resistance Levels:
$ 1714.00 - $ 1728.10 - $ 1738.90

Support 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)

 

Tuesday, 13 Mar, 2012 / 6:30

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

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