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Trading Analysis 17th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1595.9 - $ 1603.9 - $ 1613.3

Support Levels:
$ 1578.5 - $ 1569.1 - $ 1561.1

Strategy:
Neutral

Buying levels are $1578, $1584, targets to be kept in mind are $1600, $1611, with a stop loss of $1570.

Selling levels are $1600, 1605, targets to be kept in mind are $1570, $1578, $1586, with a stop loss of $1620.

Core CPI @ 1730, CPI @ 1730, TIC Long term Purchases @ 1800, Capacity Utilization Rate @ 1815, Industrial Production @ 1815

Caution: Fed Chairman Bernanke Speaks @ 1900 (GMT + 5)

Silver:
Resistance Levels:
$ 27.493 - $ 27.742 - $ 28.058


Support Levels:
$ 26.928 - $ 26.612 - $ 26.636

Strategy:
Neutral

Buying levels are $27, $27.30, targets to be kept in mind are $27.60, $27.90, with a stop loss of $26.95.

Selling levels are $28.25, 27.90, targets to be kept in mind are $27.10, $26.85 with a stop loss of $28.50.

Crude Oil:
Resistance Levels:
$ 88.98 - $ 89.77 - $ 91.05

Support Levels:
$ 86.91 - $ 85.63 - $ 84.84

Strategy:

Buy on Dips

Buying levels are $87 and $87.5, target $89.50 and $90.80. Put a stop loss under $86.50.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0270 - $ 1.0293 - $ 1.0327

Support Levels:
$ 1.0213 - $ 1.0179 - $ 1.0156

Strategy:
Neutral

GBPUSD :
Resistance Levels:

$ 1.5687- $ 1.5740 - $ 1.5825

Support Levels:

$ 1.5549 - $ 1.5464 - $ 1.5411

Strategy:
Neutral

CPI @ 1330, RPI @ 1330, BOE Gov King Speaks @ 1400, BOE Inflation Letter Tentative (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2316 - $ 1.2360 - $ 1.2431

Support Levels:
$ 1.2201 - $ 1.2130 - $ 1.2086

Strategy:
Neutral

German Zew Economic Sentiment @ 1400 (GMT + 5)

Tuesday, 17 Jul, 2012 / 5:59

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

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