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Trading Analysis - 22nd March 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1659.40 - $ 1668.40 - $ 1675.00

Support Levels:
$ 1643.80 - $1637.20 - $1628.20

Strategy:
 Buy on Dips

(Long around 1642, target 1657 Put stop loss around 1627)

 

Note of Caution: Upcoming Important data-see economic calendar below)

 

Silver:
Resistance Levels:
$ 32.61 - $ 33.39 - $ 33.82

Support Levels:
$ 31.40- $ 30.97 - $ 30.19

Strategy:
Buy on Dips

(Long at 32.00, target 32.80, put stop loss at 31.50)

 

Note of Caution: : Upcoming Important data-see economic calendar below)

  

Crude Oil:
Resistance Levels:
$ 107.73 - $ 109.38 - $ 110.40

Support Levels:
$ 105.06 - $ 104.04 - $ 102.39


Strategy:
Sell on Strength

(Short at 107.35, target 106.15)

 

Note of Caution: Upcoming Important data-see economic calendar below)

Thursday, 22 Mar, 2012 / 4:56

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

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