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Trading Analysis 13th September 2012

GOLD
Resistance Levels:
$ 1746.3 - $ 1759.0 - $ 1768.5

SUPPORT LEVELS:
$ 1724.1 - $ 1714.6 - $ 1701.9

STRATEGY:
Buy on Dips

Buy in US$1,725.00-US$1,714.00, targeting US$1,742.00-US$1,748.00, Stop loss below 1711. Breakage below 1711 will call for 1705-1700 and 1695.

Silver
Resistance Levels:
$ 34.1 - $ 34.9 - $ 35.7

SUPPORT LEVELS:
$ 32.5 - $ 31.6 - $ 30.8

STRATEGY:
Buy on Dips

Buy above US$32.55 risk below US$31.90, targeting US$33.80 - US$34.50.

Break below 31.90 may call for 31.50-30.90.

Crude Oil
Resistance Levels:
$ 97.8 - $ 98.8 - $ 99.6

SUPPORT LEVELS:
$ 96.1 - $ 95.3 - $ 94.3

STRATEGY:
Buy on Dips

The first support is at US$96.40 and second support is at US$94.80.

The first resistance is at US$97.50 and the second resistance is at US$98.25.

Thursday, 13 Sep, 2012 / 5:51

Source :

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