TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1772.9 - $ 1834.6 - $ 1876.8Support Levels:$ 1669.0 - $1626.8 - $1565.1Strategy:
Sell on Strength
(Sell below $1730 with targets 1682 and 1657.upside penetration of 1730 will call for 1762 and 1787.)
Note of Caution: Bernanke to testify again later today – put stop and profit taking!
SILVER
Resistance Levels:
$ 36.87 - $ 39.10 - $ 40.63
Support Levels:
$ 33.12- $ 31.59 - $ 29.36
Strategy:
Sell on Strength
(Short below 35.30 with target 34.05 insight, break above 35.30 and sustain will lead to 35.70 & 37.40)
Note of Caution: Bernanke to testify again later today – put stop and profit taking!
CRUDE OIL:
Resistance Levels:
$ 108.05 - $ 109.04 - $ 110.64
Support Levels:
$ 105.46 - $ 103.86 - $ 102.87
Strategy:
Sell on Strength
(Sell below 107.5 with 104.6 and 103.9 insight, upside breakage of 107.5 will open the way to 108.75 & 109.35)
Note of Caution: Bernanke to testify again later today – put stop and profit taking!