Trading news

Trading Analysis - 24th February 2012

TECHNICAL's IN FOCUS

GOLD 
Resistance Levels:
$ 1792.80 - $ 1799.20 - $ 1809.00

Support Levels:
$ 1776.60 - $1766.80 - $1760.40

Strategy:

Buy on Dips

(Buy positions above 1770 with targets @ 1786 and 1797, a downward penetration and fall below 1770 will call for 1762 and 1750.)

 

SILVER

Resistance Levels:
$ 36.03 - $ 36.51 - $ 37.41

Support Levels:
$ 34.65- $ 33.75 - $ 33.27

Strategy:
Buy on Dips

(Buy positions above 34.50 with targets @ 35.30 and 35.70. a fall below 34.40 will call for 33.95.)

 

 

CRUDE OIL 
Resistance Levels:
$ 109.20 - $ 110.60 - $ 112.50

Support Levels:
$ 105.90 - $ 104.05 - $ 102.65

Strategy:
Buy on Dips

(Buy above 108 targeting 108.70 and 109.20, a fall below 106.40 will call for 105.40 and 104.60.) 

Friday, 24 Feb, 2012 / 5:50

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

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