Trading news

Trading Analysis - 18th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1635 - $ 1643 - $ 1650

Support Levels:
$ 1621 - $ 1613 - $ 1606

Strategy:
Neutral

Short below 1634, target 1619, 1609 and 1597. Upside breakage of 1634 may call for 1641, 1646 and 1654.

 Long above 1609, target 1629 and 1641.  Downside breakage of 1609 may call for 1600 and 1592.

 

Silver:
Resistance Levels:
$ 28.8 - $ 29.0 - $ 29.2


Support Levels:
$ 28.5 - $ 28.3 - $ 28.2

Strategy:
Neutral

Long above 28.20, put stop loss at 27.95, target 28.65 and 28.95.

Short below 27.95, target 27.50 and 27.20.

Crude Oil:
Resistance Levels:
$ 84.8 - $ 85.5 - $ 86.2

Support Levels:
$ 83.5 - $ 82.8 - $ 82.1

Strategy:
Buy on Dips

Long above 84.20, target 85.20 and 85.55. A fall below 84.20 may call for 83.40 and 82.80.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0118 - $ 1.0151- $ 1.0214

Support Levels:
$ 1.0022 - $ 0.9959 - $ 0.9926

Strategy:
Buy on Dips

 

GBPUSD :
Resistance Levels:

$ 1.5798 - $ 1.5878 - $ 1.6040

Support Levels:

$ 1.5556 - $ 1.5394 - $ 1.5314

Strategy:
Buy on Dips

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

 

EURUSD :
Resistance Levels:
$ 1.2684 - $ 1.2711 - $ 1.2757

Support Levels:
$ 1.2611 - $ 1.2565 - $ 1.2538

Strategy:
Buy on Dips

G 20 Meeting All Day!

Monday, 18 Jun, 2012 / 4:13

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

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