Trading news

Trading Analysis 16th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1603.8 - $ 1615.6 - $ 1634.7

Support Levels:
$ 1572.9 - $ 1553.8 - $ 1542.0

Strategy:
Sell on Strength

Sell below $1600 targeting $1576. A break above $1600 will call for $1612.

Core Retail Sales @ 1730, Retail Sales @ 1730, Empire State Manufacturing Index @ 1730, Business Inventories @ 1900 (GMT + 5)

Silver:
Resistance Levels:
$ 27.593 - $ 27.816 - $ 28.030


Support Levels:
$ 27.103 - $ 26.836 - $ 26.613

Strategy:
Sell on Strength

Sell below $27.77 targeting $26.20. A break above $27.77 will call for $28.87.

Crude Oil:
Resistance Levels:
$ 87.95 - $ 88.79 - $ 89.98

Support Levels:
$ 85.92 - $ 84.73 - $ 83.89

Strategy:
Sell on Strength

Sell below $87.77 targeting $84.36. A break above $87.77 will call for $89.91.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0263 - $ 1.0300 - $ 1.0370

Support Levels:
$ 1.0156 - $ 1.0086 - $ 1.0049

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5634- $ 1.5690 - $ 1.5801

Support Levels:

$ 1.5467 - $ 1.5356 - $ 1.5300

Strategy:
Sell on Strength

EURUSD :
Resistance Levels:

$ 1.2278 - $ 1.2309 - $ 1.2368

Support Levels:
$ 1.2188 - $ 1.2129 - $ 1.2098

Strategy:
Sell on Strength

CPI @ 1400, Core CPI @ 1400 (GMT + 5)

Monday, 16 Jul, 2012 / 4:32

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

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