Trading news

Trading Analysis - 17th April 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1658.90 - $1668.00 - $1676.50

Support Levels:
$ 1641.30 - $1632.80 - $1623.70

Strategy:

Range Trade

Buy above1640, target 1660 put stop loss at 1630.

Short below 1656, target 1640 put loss at 1662.

U.S. Building Permits and Housing Starts at 1730 (GMT+5) hours and Industrial Production at 1815 hours

 Silver:
Resistance Levels:
$ 31.66 - $ 31.94 - $ 32.18

Support Levels:
$ 31.13 - $ 30.89 - $ 30.61

Strategy:
Range Trade

Buy above 31.20, target 32.50.

Short below 32.45, target 32 and 31.13.

Crude Oil:
Resistance Levels:
$ 103.60 - $ 104.27 - $ 105.17

Support Levels:
$ 102.03 - $ 101.13 - $ 100.46

Strategy:
Range Trade

Buy above 101.80, target 103.60 and 10.27.

Short below 103.60, target 102.30.

 

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0380 - $ 1.0412 - $ 1.0447

Support Levels:
$ 1.0313 - $ 1.0278 - $ 1.0246

Strategy:
Sell on Strength



GBPUSD :
Resistance Levels:
$ 1.5929 - $ 1.5964 - $ 1.6021

Support Levels:
$ 1.5837 - $ 1.5780 - $ 1.5745


Strategy:
Sell on Strength

U.K. CPI at 1300 (GMT+5) hours

EURUSD :
Resistance Levels:
$ 1.3182 - $ 1.3241 - $ 1.3335

Support Levels:
$ 1.3029 - $ 1.2935 - $ 1.2876

Strategy:
Sell on Strength

ZEW Economic Sentiment and CPI at 1400 (GMT+5) hours ; Draghi speaks at 1730(GMT+5) hours.

Tuesday, 17 Apr, 2012 / 4:49

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

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