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Trading Analysis - 15th March 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1672.20 - $ 1701.60 - $ 1720.30
Support Levels:
$ 1624.10 - $1605.40 - $1576.00
Strategy:
Sell on Strength
(Short around $1658, with target at $1635. Put stop loss around $1665- major data: US unemployment & PPI at 5.30 GMT+5 hours)
Silver:
Resistance Levels:
$ 33.23 - $ 34.27 - $ 35.07
Support Levels:
$ 31.38- $ 30.58 - $ 29.54
Strategy:
Range Trade
(Buy strategy: Long above 31.37 with target around 32.40.
Short strategy: Short at 32.40, put a stop loss at 32.89).
Crude Oil:
Resistance Levels:
$ 106.59 - $ 107.76 - $ 108.49
Support Levels:
$ 104.69 - $ 103.96 - $ 102.79
Strategy:
Buy on Dips
(Long positions at $105.35 put stop loss at $104.80 and take profit at $ 106.39)
Thursday, 15 Mar, 2012 / 5:39
Source : http://www.acmgold.com/news-analysis
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