Trading news

Trading Analysis 17th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1550.30 - $1564.00 - $1575.80

Support Levels:
$ 1524.80 - $1513.00 - $1499.00

Strategy:

Buy on Dips

Long above 1527, target 1544, 1565.

Unemployment Claims @ 1730 and Manufacturing Index @ 1900(GMT+5)hours.

Silver:
Resistance Levels:
$ 27.86 - $ 28.53 - $ 29.09

Support Levels:
$ 26.63 - $ 26.06 - $ 25.39

Strategy:
Buy on Dips

Long above 26.80, target 28.35.

 

Crude Oil:
Resistance Levels:
$ 94.04 - $ 95.28 - $ 96.39

Support Levels:
$ 91.69 - $ 90.58 - $ 89.34

Strategy:
Buy on Dips

Long above 92.55, target 94.75.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 0.9973 - $ 1.0019 - $ 1.0071

Support Levels:
$ 0.9875 - $ 0.9823 - $ 0.9777

Strategy:
Neutral

 

GBPUSD :
Resistance Levels:
$ 1.5976 - $ 1.6031 - $ 1.6076

Support Levels:

$ 1.5876 - $ 1.5831 - $ 1.5776


Strategy:
Neutral

MPC Member Weale Speaks @ 1600(GMT+5) hours.


EURUSD :
Resistance Levels:
$ 1.2765 - $ 1.2799 - $ 1.2842

Support Levels:
$ 1.2688 - $ 1.2645 - $ 1.2611

Strategy:
Neutral

French & German Bank Holiday !

Thursday, 17 May, 2012 / 4:30

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

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