TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1664.2 - $ 1672.1 - $ 1686.1
Support Levels:
$ 1642.3 - $ 1628.3 - $ 1620.4
Strategy:
Buy on Dips
Long above $1650, put stop loss below $1634, target $1669 and $1674.
U.S. Unemployment Claims @ 1800, Manufacturing PMI @ 1830 and New Home Sales @ 1930 (GMT+5) hours.
Silver:
Resistance Levels:
$30.0 - $ 30.3 - $ 30.7
Support Levels:
$ 29.3 - $ 28.8 - $ 28.6
Strategy:
Buy on Dips
Long above $29.00, target $30.50 and $31.00. A break below $29.00 may show $28.60.
Crude Oil:
Resistance Levels:
$ 97.8 - $ 98.3 - $ 99.1
Support Levels:
$ 96.5 - $ 95.8 - $ 95.2
Strategy:
Neutral
Buy Strategy:Long above $97.50, put stop loss below $96.70; target $98.60 and $99.60. Breakage below $96.70 may show $96.20 and $95.60.
Sell Strategy:Short in the range of $98.60 and $99.00.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0431 - $ 1.0531 - $ 1.0597
Support Levels:
$ 1.0265 - $ 1.0199 - $ 1.0099
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5919 - $ 1.5959 - $ 1.6035
Support Levels:
$ 1.5803 - $ 1.5727 - $ 1.5687
Strategy:
Buy on Dips
BBA Mortgage Approvals @ 1400 and CBI Realized Sales @ 1530 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2567 - $ 1.2606 - $ 1.2674
Support Levels:
$ 1.2460 - $ 1.2392 - $ 1.2353
Strategy:
Buy on Dips
French Man PMI/Services PMI @ 1230, German Man PMI/Services PMI @ 1300 (GMT+5) hours.