TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1586.9 - $ 1593.6 - $ 1603.1
Support Levels:
$ 1570.7- $ 1561.2 - $ 1554.5
Strategy:
Sell on Strength
Short below $1588-91, targeting $1574 and $1567, put stop loss at $1594. A break above $1594 may call for $1605 and $1611.
Silver:
Resistance Levels:
$ 27.2 - $ 27.4 - $ 27.7
Support Levels:
$ 26.6 - $ 26.3 - $ 26.1
Strategy:
Sell on Strength
Sell below $27.30-50, targeting $26.80 and $26.60, put stop loss at 27.55. A break above $27.50 will call for $27.90 and 28.25.
Crude Oil:
Resistance Levels:
$ 89.1 - $ 89.8 - $ 90.7
Support Levels:
$ 87.4 - $ 86.6 - $ 85.7
Strategy:
Neutral
Good level to short is $87.40, targeting $86.90 and $85.11.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0287 - $ 1.0352 - $ 1.0389
Support Levels:
$ 1.0185 - $ 1.0148 - $ 1.0083
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5549- $ 1.5579 - $ 1.5607
Support Levels:
$ 1.5477 - $ 1.5449 - $ 1.5412
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2118 - $ 1.2176 - $ 1.2214
Support Levels:
$ 1.2022 - $ 1.1984 - $ 1.1926
Strategy:
Sell on Strength