TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1653.80 - $1666.20 - $1677.50Support Levels:
$ 1630.10 - $1618.80 - $1606.40Strategy:
Buy on Dips
Long above 1632, stop loss 1628; target 1653, 1666. If market breaks 1632 on the down side, it may call for 1618.
Silver:
Resistance Levels:
$ 32.09 - $ 32.42 - $ 32.82
Support Levels:
$ 31.37 - $ 30.97 - $ 30.65
Strategy:
Buy on Dips
Buy above 31.10, target 32.15 and 32.55. A downward penetration of 31.10, may call for 30.65
Crude Oil:
Resistance Levels:
$ 103.54 - $ 104.37 - $ 105.07
Support Levels:
$ 102.01 - $ 101.31 - $ 100.48
Strategy:
Buy on Dips
Long above 102.20, target 103.54 and 104.37.A downside penetration of 102.20 may call for 101.31
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0383 - $ 1.0424 - $ 1.0460
Support Levels:
$ 1.0306 - $ 1.0270 - $ 1.0299
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6086 - $ 1.6115 - $ 1.6155
Support Levels:
$ 1.6017 - $ 1.5977 - $ 1.5948
Strategy:
Sell on Strength
Upside penetration of $1.6085, market could go up
Retail Sales at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3180 - $ 1.3219 - $ 1.3275
Support Levels:
$ 1.3085 - $ 1.3029 - $ 1.2990
Strategy:
Sell on Strength
Upside penetration of $1.3190, market could go up
German Ifo Business Climate at 1300(GMT+5) hours