Trading news

Trading Analysis - 1st March 2012

TECHNICAL's IN FOCUS

GOLD
Resistance Levels:
$ 1772.9 - $ 1834.6 - $ 1876.8

Support Levels:
$ 1669.0 - $1626.8 - $1565.1

Strategy:

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!

Thursday, 01 Mar, 2012 / 6:11

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

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