Trading news

Trading Analysis 15th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1579.50 - $1598.10 - $1610.30

Support Levels:
$ 1548.70 - $1536.50 - $1517.90

Strategy:

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!

Tuesday, 15 May, 2012 / 4:48

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

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