Trading news

Trading Analysis 19th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1583.3 - $ 1593.7 - $ 1601.8

Support Levels:
$ 1564.8- $ 1556.7 - $ 1546.3

Strategy:
Buy on Dips

Buy above $1567 targeting $1588. A break below $1567 will call for $1551.

Unemployment Claims @ 1730, Existing Home sales @ 1900, Philly Fed Manufacturing Index @ 1900 (GMT + 5)

Silver:
Resistance Levels:
$ 27.363 - $ 27.602 - $ 27.858


Support Levels:
$ 26.868 - $ 26.612 - $ 26.373

Strategy:
Buy on Dips

Buy above $26.90 targeting $27.70. A break below $26.90 will call for $26.33.

Crude Oil:
Resistance Levels:
$ 90.47 - $ 90.98 - $ 91.92

Support Levels:
$ 89.02 - $ 88.08 - $ 87.57

Strategy:

Buy on Dips

Buy above $89.16 targeting $91.50. A break below $89.16 will call for $87.80.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0395 - $ 1.0426 - $ 1.0480

Support Levels:
$ 1.0310 - $ 1.0256 - $ 1.0225

Strategy:
Buy on Dips

GBPUSD :
Resistance Levels:

$ 1.5685- $ 1.5720 - $ 1.5772

Support Levels:

$ 1.5598 - $ 1.5546 - $ 1.5511

Strategy:
Buy on Dips

Retail Sales @ 1330 (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2321 - $ 1.2358 - $ 1.2411

Support Levels:
$ 1.2231 - $ 1.2178 - $ 1.2141

Strategy:
Buy on Dips

Current Account @ 1300 (GMT + 5)

Thursday, 19 Jul, 2012 / 5:04

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

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