Trading news

Trading Analysis - 16th April 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1676.40 - $1692.50 - $1705.90

Support Levels:
$ 1646.90 - $1633.50 - $1617.40

Strategy:

Sell on Strength

Short at 1660, target 1644 and 1630. Upside penetration of 1660 may call for 1666 and 1674.

U.S. Retail Sales at 1730 along with TIC Purchases  at 1800 (GMT+5) hours later today!

 Silver:
Resistance Levels:
$ 32.12 - $ 32.85 - $ 33.26

Support Levels:
$ 30.98 - $ 30.57 - $ 29.84

Strategy:
Sell on Strength

Short at 32.85, target 32.12, 31.71 and 30.98. Upside penetration of 32.12 may call for 33.26

Crude Oil:
Resistance Levels:
$ 103.60 - $ 104.40 - $ 104.90

Support Levels:
$ 102.30 - $ 101.80 - $ 101.00

Strategy:
Sell on Strength

Short below 103.6, target 102.3, 101.8 and 101.0.Upside penetration of 103.6 may show 104.40 and 104.9.

 

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0429 - $ 1.0487 - $ 1.0525

Support Levels:
$ 1.0333 - $ 1.0295 - $ 1.0237

Strategy:
Buy on Dips



GBPUSD :
Resistance Levels:
$ 1.5929 - $ 1.6031 - $ 1.6058

Support Levels:
$ 1.5800 - $ 1.5755 - $ 1.5671

Strategy:
Sell on Strength



EURUSD :
Resistance Levels:
$ 1.3161 - $ 1.3245 - $ 1.3292

Support Levels:
$ 1.3030 - $ 1.2983 - $ 1.2899

Strategy:
Sell on Strength

U.S. Business Inventories at 1900 (GMT+5) hours

Monday, 16 Apr, 2012 / 5:11

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

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