TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1567.00 - $1585.60 - $1602.70
Support Levels:
$ 1531.30 - $1514.20 - $1495.60
Strategy:
Range Trade
Short below 1567, put stop loss at 1572. A good level to buy is around 1533.
Word of Caution: Put Stop Loss while trading as market is giving mixed signals!
U.S. Unemployment Claims & Durable Goods @ 1730 followed by Flash Manufacturing @ 1800(GMT+5) hours.
Silver:
Resistance Levels:
$ 28.09 - $ 28.68 - $ 29.18
Support Levels:
$ 27.00 - $ 26.50 - $ 25.91
Strategy:
Range Trade
Long above 27.20, put stop loss at 26.70. A good level to short is 28.20.
Crude Oil:
Resistance Levels:
$ 91.32 - $ 92.74 - $ 93.76
Support Levels:
$ 88.88 - $ 87.86 - $ 86.44
Strategy:
Sell on Strength
Short below 91.50, target 89.20 and put stop loss at 92.10. Downside penetration of 89.20 may call for 86 and 85.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 0.9773- $ 0.9820 - $ 0.9862
Support Levels:
$ 0.9684 - $ 0.9641 - $ 0.9595
Strategy:
Range Trade
AUD is likely to remain in the range of 0.9641 and 0.9820
GBPUSD :
Resistance Levels:
$ 1.5739 - $ 1.5798 - $ 1.5831
Support Levels:
$ 1.5647 - $ 1.5614 - $ 1.5555
Strategy:
Range Trade
GBP is likely to remain in the range of 1.5614 and 1.5798.
Revised GDP, Mortgage Approvals , Business Investment & Index of Services all @ 1330(GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2650 - $ 1.2739 - $ 1.2792
Support Levels:
$ 1.2508 - $ 1.2455 - $ 1.2366
Strategy:
Range Trade
EUR is likely to remain in the range of 1.2508 and 1.2739.
French PMI @ 1200, German PMI @ 1230, German IFO @ 1300, Euro Manufacturing & Services PMI @ 1300 and Belgium Climate & ECB Pres Draghi Speaks @ 1800 (GMT+5) hours.
