Trading news

Trading Analysis - 19th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1638 - $ 1647 - $ 1662

Support Levels:
$ 1613 - $ 1598 - $ 1589

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.

Building permits and housing starts @ 1730 (GMT+5) hours.

 


 Silver:
Resistance Levels:
$ 29.1 - $ 29.4 - $ 29.8

Support Levels:
$ 28.3 - $ 27.9 - $ 27.5

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:
$ 85.1 - $ 87.1 - $ 88.6

Support Levels:
$ 81.5 - $ 79.9 - $ 77.9

Strategy:
Sell on Strength

Short below 83.90, target 82.60, 82.10 and 81.55.Upside penetration of 84 may call for 84.50, 85.35 and 85.85.


CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0158 - $ 1.0192- $ 1.0243

Support Levels:
$ 1.0073 - $ 1.0022 - $ 0.9988

Strategy:
Buy on Dips


 



GBPUSD :
Resistance Levels:
$ 1.5727 - $ 1.5789 - $ 1.5834

Support Levels:
$ 1.5556 - $ 1.5394 - $ 1.5314

Strategy:
Buy on Dips

CPI and RPI @ 1330(GMT+5)hours.



EURUSD :
Resistance Levels:
$ 1.2697 - $ 1.2818 - $ 1.2889

Support Levels:
$ 1.2505 - $ 1.2434 - $ 1.2313

Strategy:
Buy on Dips

German ZEW and ZEW Economic Sentiment @ 1400(GMT+5) hours.

G 20 Meeting All Day!

Wednesday, 20 Jun, 2012 / 6:22

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

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