Trading news

Trading Analysis 15th August 2012

 

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!

Wednesday, 15 Aug, 2012 / 3:18

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

Trading news

 

Gold rose again as Middle East tensions increase

Gold updated a new annual high just below $1453/oz, which was followed by the [...]

Posted on Friday, 19 Jul, 2019 / 1:40 under

Stock Markets Trade Into Support

Stock Markets Trade Into Support For more analysis check out, please click [...]

Posted on Friday, 19 Jul, 2019 / 9:24 under

Brexit Headlines Again; ECB And Its Inflation Target; Markets Rebound A Bit

Brexit Headlines Again; ECB And Its Inflation Target; Markets Rebound A [...]

Posted on Friday, 19 Jul, 2019 / 8:14 under