Trading news

Trading Analysis 23rd July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1574.6 - $ 1566.6 - $ 1560.5

Support Levels:
$ 1588.7- $ 1594.8 - $ 1602.8

Strategy:
Sell on Strength

Short below $1586, targeting $1555. A break above $1586 may call for $1600.

Silver:
Resistance Levels:
$ 27.54 - $ 27.80 - $ 28.20

Support Levels:
$ 26.88 - $ 26.48 - $ 26.22

Strategy:
Sell on Strength

Sell below $27.50, targeting $26.30. A break above $27.50 will call for $28.25.

Crude Oil:
Resistance Levels:
$ 92.58 - $ 93.46 - $ 94.29

Support Levels:
$ 90.87 - $ 90.04 - $ 89.16

Strategy:
Buy on Dips

Long above $88.50, targeting $91.00. A fall below $88.50 will call for $85.70.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0419 - $ 1.0456 - $ 1.0485

Support Levels:
$ 1.0353 - $ 1.0324 - $ 1.0287

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:
$ 1.5696- $ 1.5767 - $ 1.5809

Support Levels:
$ 1.5583 - $ 1.5541 - $ 1.5470

Strategy:
Sell on Strength

EURUSD :
Resistance Levels:
$ 1.2247 - $ 1.2335 - $ 1.2386

Support Levels:
$ 1.2108 - $ 1.2057 - $ 1.1969

Strategy:
Sell on Strength

Monday, 23 Jul, 2012 / 5:43