Trading news

Trading Analysis - 25th April 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1651.10 - $1658.30 - $1666.60

Support Levels:
$ 1635.60 - $1627.30 - $1620.10

Strategy:
Neutral – FOMC Meeting at 2130 hours!

US Durable Goods at 1730,  FOMC Statement at 2130, Economic Projection at 2300 followed by its Press Conference at 2315(GMT+5) hours

Silver:
Resistance Levels:
$ 31.03 - $ 31.30 - $ 31.50

Support Levels:
$ 30.55 - $ 30.35 - $ 30.08

Strategy:
Neutral – FOMC Meeting at 2130 hours!


Crude Oil:
Resistance Levels:
$ 104.17 - $ 104.79 - $ 105.48

Support Levels:
$ 102.86 - $ 102.17 - $ 101.55

Strategy:
Neutral – FOMC Meeting at 2130 hours!

U.S. Crude Oil Inventories at 1930 (GMT+5) hours

CURRENCIES: 

AUDUSD :
Resistance Levels:
$ 1.0362 - $ 1.0393 - $ 1.0451
Support Levels:
$ 1.0273 - $ 1.0215 - $ 1.0184

Strategy:
Sell on Strength

Word of Caution : Bank Holiday in Australia, chances of higher volatility and low trading volume may persist today

GBPUSD :
Resistance Levels:
$ 1.6166 - $ 1.6192 - $ 1.6221

Support Levels:
$ 1.6111- $ 1.6082 - $ 1.6056

Strategy:
Sell on Strength

Prelim GDP at 1330, Industrial Order at 1500 (GMT+5) hours

EURUSD :
Resistance Levels:
$ 1.3226 - $ 1.3257 - $ 1.3299

Support Levels:
$ 1.3153 - $ 1.3111 - $ 1.3080

Strategy:
Sell on Strength

ECB Pres Draghi speaks at 1200 Industrial New Orders @ 1400, Business Climate at 1800 (GMT+5) hours

Wednesday, 25 Apr, 2012 / 4:24

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

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