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)