TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1579.50 - $1598.10 - $1610.30Support Levels:
$ 1548.70 - $1536.50 - $1517.90Strategy:
Sell on Strength
Short below 1572, targets 1550 & 1544.
Core CPI & Retail Sales @ 1730, Business Inventories @ 1900 (GMT+5) hours.
Silver:
Resistance Levels:
$ 28.87 - $ 29.40 - $ 29.80
Support Levels:
$ 27.95 - $ 27.55 - $ 27.03
Strategy:
Sell on Strength
Short below 28.50, target 28.00 & 27.30.
Crude Oil:
Resistance Levels:
$ 95.86 - $ 96.93 - $ 98.04
Support Levels:
$ 93.68 - $ 92.57 - $ 91.50
Strategy:
Sell on Strength
Short below 95.70, target 94.10 & 93.70.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0017 - $ 1.0064 - $ 1.0094
Support Levels:
$ 0.9936 - $ 0.9908 - $ 0.9861
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6130 - $ 1.6161 - $ 1.6202
Support Levels:
$ 1.6058 - $ 1.6017 - $ 1.5986
Strategy:
Sell on Strength
Trade Balance @ 1330 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2884 - $ 1.2938 - $ 1.2973
Support Levels:
$ 1.2795 - $ 1.2760 - $ 1.2706
Strategy:
Sell on Strength
German GDP @ 1100, French NFP @ 1145, Italian GDP @ 1300, German ZEW Sentiment@ 1400(GMT+5) hours followed by ECOFIN Meeting All day!