Trading news

Trading Analysis 20th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1591.3 - $ 1601.1 - $ 1610.7

Support Levels:
$ 1571.9- $ 1562.3 - $ 1552.5

Strategy:
Neutral

Good level to buy is $1560.

Good level to sell is $1598.

 

Euro Group Meetings All Day!

Silver:
Resistance Levels:
$ 27.500 - $ 27.775 - $ 27.975


Support Levels:
$ 27.025 - $ 26.825 - $ 26.550

Strategy:
Sell on Strength

Sell below $26.90 targeting $27.80. A break above $27.80 will call for $28.80.

Crude Oil:
Resistance Levels:
$ 93.88 - $ 95.11 - $ 96.97

Support Levels:
$ 90.79 - $ 88.93 - $ 87.70

Strategy:

Sell on Strength

 

Sell below $92.92 targeting $90.92. A break above $92.92 will call for $94.32.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0461 - $ 1.0496 - $ 1.0548

Support Levels:
$ 1.0374 - $ 1.0322 - $ 1.0287

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5761- $ 1.5800 - $ 1.5862

Support Levels:

$ 1.5660 - $ 1.5598 - $ 1.5559

Strategy:
Sell on Strength

Public Sector Net Borrowing @ 1400 (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2327 - $ 1.2373 - $ 1.2423

Support Levels:
$ 1.2231 - $ 1.2181 - $ 1.2135

Strategy:
Sell on Strength

Friday, 20 Jul, 2012 / 5:47

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

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