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Trading Analysis - 14th March 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1712.90 - $ 1731.60 - $ 1757.00

Support Levels:
$ 1668.80 - $1643.40 - $1624.70

Strategy:
Sell on strength

(Sell below $1783 targeting $1661 initially and then $1641. A break above $1783 will call for $1704)

 

Silver:
Resistance Levels:
$ 33.94 - $ 34.31 - $ 34.78

Support Levels:
$ 33.11- $ 32.64 - $ 32.27

Strategy:
Buy on Dips

(Sell below $33.96 targeting $32.85 initially and then $31.57. A break above $33.96 will call for $35.18)

 

 

Crude Oil:
Resistance Levels:
$ 107.48 - $ 108.26 - $ 109.16

Support Levels:
$ 105.80 - $ 104.90 - $ 104.12

Strategy:
Buy on Dips

(Sell below $107.26 targeting $104.63. A break above $107.26 will call for $109.02)

Wednesday, 14 Mar, 2012 / 4:53

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

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