Trading news

Trading Analysis - 23rd April 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1647.00 - $1651.20 - $1655.50

Support Levels:
$ 1638.40 - $1634.10 - $1629.90

Strategy:
Buy on Dips
Long above 1632; target 1655, 1670. If market breaks 1632 on the down side, it may call for 1629.

Silver:
Resistance Levels:
$ 31.80 - $ 32.00 - $ 32.20

Support Levels:
$ 31.50 - $ 31.30 - $ 31.10

Strategy:
Buy on Dips
Buy above 31.10, target 32.00 and 32.30. A downward penetration of 31.10, may call for 29.00


Crude Oil:
Resistance Levels:
$ 104.80 - $ 105.60 - $ 106.60

Support Levels:
$ 103.00 - $ 102.00 - $ 101.20

Strategy:
Sell on Strength
Short below 104.90, target 102.99 and 102.00.An upside penetration of 104.90 may call for 105.60 and 106.60.

CURRENCIES: 

AUDUSD :
Resistance Levels:
$ 1.0404 - $ 1.0429 - $ 1.0478

Support Levels:
$ 1.0330 - $ 1.0281 - $ 1.0256

Strategy:
Buy on Dips


GBPUSD :
Resistance Levels:
$ 1.6169 - $ 1.6213 - $ 1.6280

Support Levels:
$ 1.6058 - $ 1.5991 - $ 1.5947

Strategy:
Buy on Dips
MPC Member speaks at 1400 (GMT+5) hours


EURUSD :
Resistance Levels:
$ 1.3252 - $ 1.3288 - $ 1.3351

Support Levels:
$ 1.3153 - $ 1.3090 - $ 1.3054

Strategy:
Buy on Dips
French Manufacturing, Services PMI @ 1200, German Manufacturing, Services PMI at 1230(GMT+5) hours

Monday, 23 Apr, 2012 / 5:04

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

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