Stocks lick wounds; pound tumbles on lockdown fears
Selloff in equities eases but sentiment still subdued amid virus [...]
Trading news
Trading Analysis - 23rd March 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1656.90 - $ 1671.30 - $ 1686.00
Support Levels:
$ 1627.80 - $1613.10 - $1598.70
Strategy:
Sell on Strength
(Sell around 1657, target 1630. Put stop loss around 1666)
(Upcoming!-U.S home sales at 7, Bernanke speaks at 10.45 (GMT+5 hours))
SILVER
Resistance Levels:
$ 32.10 - $ 32.86 - $ 33.36
Support Levels:
$ 30.84- $ 30.34 - $ 29.58
Strategy:
Sell on Strength
(Short at 32.35, target 30.60. put stop loss at 32.45)
(Upcoming!-U.S home sales at 7, Bernanke speaks at 10.45 (GMT+5 hours))
CRUDE OIL
Resistance Levels:
$ 106.81 - $ 108.21 - $ 109.43
Support Levels:
$ 104.19 - $ 103.04 - $ 101.57
Strategy:
Buy on Dips
(Long at 104.75, target 106.68.put stop loss at 104.35)
(Upcoming!-U.S home sales at 7, Bernanke speaks at 10.45 (GMT+5 hours))
Friday, 23 Mar, 2012 / 4:59
Source : http://www.acmgold.com/news-analysis
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