Trading news

Trading Analysis 22nd May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1597.00 - $1605.20 - $1611.50

Support Levels:
$ 1582.50 - $1576.20 - $1568.00

Strategy:

Buy on Dips

Long above 1585, target 1599, 1608 and 1618. Downside penetration of 1585 may call for 1567.

U.S. Existing Homes @ 1900(GMT+5) hours.

Silver:
Resistance Levels:
$ 28.77 - $ 29.22 - $ 29.59

Support Levels:
$ 27.95 - $ 27.58 - $ 27.13

Strategy:
Buy on Dips

Long above 28.10, target 29.59.Downside penetration of 28.10 may call for 27.60 and 27.10.

Crude Oil:
Resistance Levels:
$ 93.76 - $ 94.66 - $ 95.98

Support Levels:
$ 91.54 - $ 90.22 - $ 89.32

Strategy:
Buy on Dips

Long above 92.50, target 94.66 and 95.98.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 0.9948- $ 0.9984 - $ 1.0051

Support Levels:
$ 0.9845 - $ 0.9778 - $ 0.9742

Strategy:
Neutral

 

GBPUSD :
Resistance Levels:
$ 1.5850 - $ 1.5875 - $ 1.5912

Support Levels:

$ 1.5789 - $ 1.5753 - $ 1.5727


Strategy:
Buy on Dips

CPI, Public Sector Borrowing and RPI @ 1330 (GMT+5) hours followed by BoE Inflation Letter


EURUSD :
Resistance Levels:
$ 1.2848 - $ 1.2885 - $ 1.2947

Support Levels:
$ 1.2748 - $ 1.2687 - $ 1.2649

Strategy:
Buy on Dips

Tuesday, 22 May, 2012 / 4:19

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

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