TECHNICAL's IN FOCUS Gold: Resistance Levels: $ 1676.40 - $1692.50 - $1705.90Support Levels: $ 1646.90 - $1633.50 - $1617.40Strategy: 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 |