Trading news

Trading Analysis - 22nd February 2012

TECHNICAL's IN FOCUS

 

GOLD
Resistance Levels:
$ 1771.30 - $ 1784.00 - $ 1806.20

Support Levels:
$ 1736.40 - $1714.20 - $1701.50

Strategy:
Buy on Dips

(Buy positions above 1751 with targets @ 1762 & 1771. If market doesn’t break 1766, it may come down to 1751 and 1742.)

 

SILVER

Resistance Levels:
$ 34.82 - $ 35.21 - $ 35.96

Support Levels:
$ 33.68- $ 32.93  - $ 32.54

Strategy: Buy on Dips

(Buy positions above 33.40 with targets @ 34.45 & 34.95.If silver doesn’t break 34.50, market may come down to 33.60.)

 

CRUDE OIL 
Resistance Levels:
$ 106.95 - $ 107.65 - $ 108.52

Support Levels:
$ 105.08 - $ 103.91 - $ 103.21

Strategy: Buy on Dips

(Buy above 104.40, first target 105.45, then 106.50. downside breakout below 103.85, market may come down to 102.30.)  

 

Wednesday, 22 Feb, 2012 / 5:27

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

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