TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1627.7 - $ 1636.3 - $ 1646.7
Support Levels:
$ 1608.7 - $ 1598.3 - $ 1589.7
Strategy:
Neutral
Long above 1606, target 1624.5, 1630 and 1641.
Sell below 1624.5, target 1606, 1594 and 1583.
U.S. CPI, Unemployment Claims and Current Account @ 1730 (GMT+5) hours.
Silver:
Resistance Levels:
$ 29.04 - $ 29.26 - $ 29.43
Support Levels:
$ 28.64 - $ 28.47 - $ 28.25
Strategy:
Buy on Dips
Long above 28.70, target 29.20. 29.60 and 30.00. A fall below 28.70 might call for 28.30 and 27.90
Crude Oil:
Resistance Levels:
$ 83.56 - $ 84.72 - $ 85.42
Support Levels:
$ 81.70 - $ 81.00 - $ 79.84
Strategy:
Buy on Dips
Long above 82.10, target 83.40, 83.90 and 84.50. A fall below 82.10 may call for 81.50. If closes below 80 then it might show 74.
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2620 - $ 1.2684 - $ 1.2757
Support Levels:
$ 1.2483 - $ 1.2410 - $ 1.2346
Strategy:
Neutral
Monthly Bulletin @ 1300 followed by CPI @ 1400(GMT+5) hours.
GBPUSD :
Resistance Levels:
$ 1.5567 - $ 1.5628 - $ 1.5660
Support Levels:
$ 1.5474 - $ 1.5442 - $ 1.5381
Strategy:
Neutral
BoE Gov King Speaks @ 2300(GMT+5) hours.
AUDUSD :
Resistance Levels:
$ 0.9981 - $ 1.0030- $ 1.0057
Support Levels:
$ 0.9905 - $ 0.9878 - $ 0.9829
Strategy:
Neutral