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Trading Analysis - 16th February 2012

GOLD

Resistance Levels: $ 1738.10 - $ 1748.10 - $ 1757.00

Support Levels: $ 1719.20 - $1710.30 - $1700.30

Strategy: Sell on Strength

(Sell below $1738 targeting $1712.00 initially and then $1702.75. A break above $1738 will call for $1753.00.)

 

SILVER

Resistance Levels: $ 33.89 - $ 34.37 - $ 34.76

Support Levels: $ 33.01- $ 32.62 - $ 32.14

Strategy: Sell on Strength

(Buy above $32.92 targeting $34.10. A fall below $32.92 will call for $31.57)

 

CRUDE OIL

Resistance Levels: $ 102.69 - $ 103.58 - $ 104.62

Support Levels: $ 100.76 - $ 99.72 - $ 98.83

Strategy: Buy on Dips

(Sell below $102.52 targeting $100.18. A break above $102.52 will call for $103.73)

Thursday, 16 Feb, 2012 / 5:33

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

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