TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1615.5 - $ 1629.9 - $ 1640.8
Support Levels:
$ 1590.2- $ 1579.3 - $ 1564.9
Strategy:
Sell on Strength
Short below $1609, put stop loss above $1618, target $1591-$1589 & $1585-$1583.
U.S. CPI & Empire State Manufacturing Index @ 1730, TIC Long Term Purchase @ 1800, Capacity Utilization Rate & Industrial Production @ 1815 (GMT+5) hours.
Silver:
Resistance Levels:
$ 27.95 - $ 28.16 - $ 28.35
Support Levels:
$ 27.56 - $ 27.37 - $ 27.16
Strategy:
Sell on Strength
Short below $28.00, put stop loss above $28.00, target $27.60 - $27.50 & $27.30 - $27.10. A break above $28.00 may show $28.20 - $28.40.
Crude Oil:
Resistance Levels:
$ 93.98 - $ 94.63 - $ 95.34
Support Levels:
$ 93.27 - $ 91.91 - $ 91.26
Strategy:
Neutral
Oil is likely to trade in the range of $92.20 and $ 94.20.A break below $92.20 may show $91.80 & $91.20. A break above $94.20 may show $94.70 & $95.30.
Oil inventories @ 1930(GMT+5) hours.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0530 - $ 1.0571 - $ 1.0601
Support Levels:
$ 1.0459 - $ 1.0429 - $ 1.0388
Strategy:
Buy on Dips
Buy above $1.0450
GBPUSD :
Resistance Levels:
$ 1.5713 - $ 1.5750 - $ 1.5771
Support Levels:
$ 1.5655 - $ 1.5634 - $ 1.5597
Strategy:
Neutral
Claimant Count Change, MPC Meeting & Unemployment Rate @ 1330(GMT+5 )hours.
EURUSD :
Resistance Levels:
$ 1.2365 - $ 1.2410 - $ 1.2434
Support Levels:
$ 1.2296 - $ 1.2272 - $ 1.2227
Strategy:
Neutral
Italian and French Bank Holiday!