Trading news

Trading Analysis - 20th April 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1653.80 - $1666.20 - $1677.50

Support Levels:
$ 1630.10 - $1618.80 - $1606.40

Strategy:

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

Friday, 20 Apr, 2012 / 7:55

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

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