Trading news

Trading Analysis - 15th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1632 - $ 1640 - $ 1650

Support Levels:
$ 1613 - $ 1603 - $ 1595

Strategy:
Sell on Strength

Short below 1640, target 1600. Upside breakage of 1640 may call for 1664.

 

U.S. Manufacturing Index @ 1730, Long-Term Purchases @ 1800, Capital Utilization & Industrial Production@ 1815 and Consumer Sentiment @ 1855 (GMT+5) hours.

Silver:
Resistance Levels:
$ 29.06 - $ 29.53 - $ 29.99


Support Levels:
$ 28.14 - $ 27.68 - $ 27.21

Strategy:
Sell on Strength

Short below 29.15, target 28.00. Upside breakage of 29.15 may call for 30.00.

Crude Oil:
Resistance Levels:
$ 85.10 - $ 85.80 - $ 87.30

Support Levels:
$ 82.90 - $ 81.50 - $ 80.80

Strategy:
Buy on Dips

Long above 84.00, target 86.10. A fall below 84.00 may call for 82.14.

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2666 - $ 1.2698 - $ 1.2760

Support Levels:
$ 1.2571 - $ 1.2509 - $ 1.2476

Strategy:
Sell on Strength

Word of Caution: Put stop loss and take profit as ECB President Draghi speaks today @ 1150(GMT+5) hours.

GBPUSD :
Resistance Levels:

$ 1.5591 - $ 1.5623 - $ 1.5682

Support Levels:

$ 1.5500 - $ 1.5441 - $ 1.5409

Strategy:
Buy on Dips

Trade Balance @ 1330(GMT+5) hours.


AUDUSD :
Resistance Levels:
$ 1.0064 - $ 1.0105- $ 1.0176

Support Levels:
$ 0.9952 - $ 0.9881 - $ 0.9840

Strategy:
Buy on Dips

Friday, 15 Jun, 2012 / 5:30

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

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