TECHNICAL's IN FOCUS
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0445 - $ 1.0488 - $ 1.0559
Support Levels:
$ 1.0331 - $ 1.0260 - $ 1.0217
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5983 - $ 1.6030 - $ 1.6091
Support Levels:
$ 1.5875 - $ 1.5814 - $ 1.5767
Strategy:
Sell on Strength
A strong resistance is at 1.6005, if it breaks, then market may shoot up.
U.K. Unemployment rate ; Claimant Count change and MPC Meeting Minutes at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3173 - $ 1.3214 - $ 1.3256
Support Levels:
$ 1.3090 - $ 1.3048 - $ 1.3007
Strategy:
Sell on Strength
A strong resistance is at 1.3200, if it breaks then market may rise.
EUR Current Account at 1300(GMT+5).
Gold:
Resistance Levels:
$ 1661.30 - $1671.40 - $1684.50Support Levels:
$ 1638.10 - $1625.00 - $1614.90Strategy:
Range Trade
Buy above 1645, target 1655. Downside penetration of 1645 may lead to 1635 & 1622.
Short below 1660, target 1638. Upside penetration of 1660 may call for 1664 & 1671.
Silver:
Resistance Levels:
$ 31.95 - $ 32.24 - $ 32.56
Support Levels:
$ 31.35 - $ 31.03 - $ 30.74
Strategy:
Range Trade
Buy above 31.30, target 32.20.A downside penetration of 31.30 may call for 31.10
Short below 32.20, target 31.60 and 31.30. An upside penetration of 32.20 may call for 32.70
Crude Oil:
Resistance Levels:
$ 105.30 - $ 106.40 - $ 107.70
Support Levels:
$ 102.80 - $ 101.60 - $ 100.50
Strategy:
Range Trade
Buy above 104.10, target 105.70. A downside penetration of 104.10 may call for 103.20 & 102.80
Short below 105.70, target 104.10. an upside penetration of 105.70 may call for 106.50 & 107.20
U.S. Crude Oil Inventories at 1930 (GMT+5) hours