TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1612.0 - $ 1618.8 - $ 1628.7
Support Levels:
$ 1595.4- $ 1585.4 - $ 1578.6
Strategy:
Sell on Strength
Short below $1609, put stop loss above $1618, target $1591-$1589 & $1585-$1583.
U.S. Unemployment claims, Building Permit &s Housing Starts @ 1730 and Philly Fed Manufacturing Index @ 1900(GMT+5) hours.
Silver:
Resistance Levels:
$ 27.2 - $ 28.2 - $ 28.5
Support Levels:
$ 27.4 - $ 27.1 - $ 26.9
Strategy:
Sell on Strength
Short below $28.00, put stop loss above $28.00, target $27.60 - $27.50 & $27.30 - $27.10. A break above $28.00 may show $28.20 - $28.40.
Crude Oil:
Resistance Levels:
$ 95.2 - $ 96.1 - $ 97.4
Support Levels:
$ 93.0 - $ 91.7 - $ 90.7
Strategy:
Neutral
Oil is likely to trade in the range of $92.50 and $ 95.05.A break below $92.20 may show $91.80 & $91.20. A break above $95.05 may show $95.50 & $96.50.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0501 - $ 1.0526 - $ 1.0540
Support Levels:
$ 1.0462 - $ 1.0448 - $ 1.0423
Strategy:
Buy on Dips
Buy above $1.0450
GBPUSD :
Resistance Levels:
$ 1.5703 - $ 1.5723 - $ 1.5745
Support Levels:
$ 1.5661 - $ 1.5639 - $ 1.5619
Strategy:
Neutral
Retail Sales @ 1330(GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2334 - $ 1.2379 - $ 1.2414
Support Levels:
$ 1.2254 - $ 1.2219 - $ 1.2174
Strategy:
Neutral
Core CPI @ 1400 (GMT+5) hours.