Trading news

Trading Analysis - 1st May 2012

TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1672.40 - $1680.70 - $1694.30

Support Levels:
$ 1650.50 - $1636.90 - $1628.60

Strategy:
Sell on Strength
Short below 1669, target 1642, stop loss 1679.
U.S.ISM Manufacturing PMI at 1930 (GMT+5) hours.

Silver:
Resistance Levels:
$ 31.44 - $ 31.86 - $ 32.28

Support Levels:
$ 30.59 - $ 30.17 - $ 29.75

Strategy:
Sell on Strength
Short below 31.20, target 30.15, stop loss at 31.44.

Crude Oil:
Resistance Levels:
$ 105.39 - $ 105.92 - $ 106.67

Support Levels:
$ 104.11 - $ 103.36 - $ 102.83

Strategy:
Range Trade
Most like to trade in the range of 103.80 to 105.20.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0452 - $ 1.0483 - $ 1.0507
Support Levels:
$ 1.0397 - $ 1.0373 - $ 1.0342

Strategy:
Buy on Dips

GBPUSD :
Resistance Levels:
$ 1.6278 - $ 1.6329 - $ 1.6358

Support Levels:
$ 1.6198- $ 1.6169 - $ 1.6118

Strategy:
Range Trade
Manufacturing PMI at 1330 (GMT+5)hours
Most markets across Britain are closed today.

EURUSD :
Resistance Levels:
$ 1.3266 - $ 1.3295 - $ 1.3325
Support Levels:
$ 1.3207 - $ 1.3177 - $ 1.3148

Strategy:
Range Trade
Most markets across Europe are closed today.

Tuesday, 01 May, 2012 / 4:27

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

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