TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1628.1 - $ 1638.6 - $ 1645.5
Support Levels:
$ 1610.7- $ 1603.8 - $ 1593.3
Strategy:
Buy on Dips
Long above $1601-$1605, target $1617 & $1628. A break below $1601 may show $1594 & $1586.
U.S. Non Farm Employment Change @ 1715, Manufacturing PMI @ 1900 followed by FOMC STATEMENT- (IMPORTANT!) @ 2315 (GMT+5) hours.
Silver:
Resistance Levels:
$ 28.23 - $ 28.52 - $ 28.70
Support Levels:
$ 27.76 - $ 27.58 - $ 27.29
Strategy:
Buy on Dips
Long above $27.5-$27.70, put stop loss at $27.45, target $28.30, $28.60 & $28.90. A break below $27.50 may show $27.20 and $26.95.
Crude Oil:
Resistance Levels:
$ 89.74 - $ 91.51 - $ 92.73
Support Levels:
$ 86.75 - $ 85.53 - $ 83.76
Strategy:
Sell on Strength
Short below $89.00, target $87.72 & $86.84. A break above $89.60 may show $90.50 & $91.20.
Crude Oil Inventories @ 1930 (GMT+5) hours.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0530 - $ 1.0559 - $ 1.0580
Support Levels:
$ 1.0480 - $ 1.0459 - $ 1.0430
Strategy:
Neutral
GBPUSD :
Resistance Levels:
$ 1.5728- $ 1.5781 - $ 1.5833
Support Levels:
$ 1.5623 - $ 1.5571 - $ 1.5518
Strategy:
Neutral
Manufacturing PMI @ 1330(GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2338 - $ 1.2374 - $ 1.2419
Support Levels:
$ 1.2257 - $ 1.2212 - $ 1.2176
Strategy:
Neutral
Spanish PMI 1215, Italian PMI @ 1245 (GMT+5) hours.