Trading news

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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