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Trading Analysis - 19th March 2012

TECHNICAL's IN FOCUS

 

GOLD
Resistance Levels:
$ 1667.20 - $ 1678.70 - $ 1692.40

Support Levels:
$ 1642.00 - $1628.30 - $1616.80

Strategy:
Sell on Strength

(Short positions around 1675 and target 1650)

   

SILVER
Resistance Levels:
$ 32.86 - $ 33.12 - $ 33.48

Support Levels:
$ 32.24- $ 31.88 - $ 31.62

Strategy:
Sell on Strength

(Short position at $32.80 and target $31.75).

 

 

CRUDE OIL
Resistance Levels:
$ 108.41 - $ 109.24 - $ 110.62

Support Levels:
$ 106.20 - $ 104.82 - $ 103.99


Strategy:
Sell on Strength

(Short at 107.48 and target 106.25. put stop loss at 108.if oil will sustain 108 level we will see new High)

Monday, 19 Mar, 2012 / 5:20

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

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