Trading news

Trading Analysis 1st June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1574.9 - $1585.5 - $1596.5
Support Levels:
$ 1553.3 - $1542.3 - $1531.7

Strategy:
Neutral

Gold is expected to trade in the range of 1550 and 1575. Upside penetration may call for 1585 and 1592 while a downside penetration may show 1532 and 1522.

 

Non-Farm Payroll @1730(GMT+5)hours.

Unemployment Rate @1730(GMT+5)hours.

Average Hourly Earnings m/m @1730(GMT+5)hours.

Core PCE Price Index m/m @1730(GMT+5)hours.

Personal Spending m/m @1730(GMT+5)hours.

ISM Manufacturing PMI @ 1900(GMT+5)hours.

Silver:
Resistance Levels:
$ 28.12 - $ 28.49 - $ 28.80


Support Levels:
$ 27.44 - $ 27.13 - $ 26.76

Strategy:
Neutral

Silver is expected to trade in the range of 27.30 and 28.20. Upside penetration may call for 28.60, 28.90 and 29 while a downside penetration may show 26.80 and 26.50.

         

Crude Oil:
Resistance Levels:
$ 87.92 - $ 89.31 - $ 90.34

Support Levels:
$ 85.50 - $ 84.47 - $ 83.08

Strategy:
Neutral

Oil is expected to trade in the range of 85.86 and 87.64. Upside penetration may call for 92.18 while a downside penetration may show 84.68.

 

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2417 - $ 1.2468 - $ 1.2509

Support Levels:
$ 1.2325 - $ 1.2284 - $ 1.2233

Strategy:
Sell on Strength

Italian Manufacturing PMI @1245(GMT+5)hours.

Unemployment Rate @1400(GMT+5)hours.

GBPUSD :
Resistance Levels:

$ 1.5501 - $ 1.5596 - $ 1.5667

Support Levels:

$ 1.5335 - $ 1.5264 - $ 1.5169


Strategy:
Sell on Strength

Manufacturing PMI @


AUDUSD :
Resistance Levels:
$ 0.9778 - $ 0.9822 - $ 0.9875

Support Levels:
$ 0.9681 - $ 0.9628 - $ 0.9584

Strategy:
Neutral

Friday, 01 Jun, 2012 / 6:29

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

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