TECHNICAL's IN FOCUS Gold: Resistance Levels: $ 1658.90 - $1668.00 - $1676.50Support Levels: $ 1641.30 - $1632.80 - $1623.70Strategy: 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. |