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Trading Analysis - 14th June 2012

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

Thursday, 14 Jun, 2012 / 3:43

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

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