TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1573.10 - $1588.80 - $1599.8Support Levels:
$ 1546.40 - $1535.40 - $1519.70Strategy:
Range Trade
Good level to long is above 1551; good level to short is 1570 to 1575. Downside penetration 1551 may call for 1535 and 1520.
US Consumer Sentiment @ 1855(GMT+5)hours.
Silver:
Resistance Levels:
$ 28.58 - $ 29.01 - $ 29.51
Support Levels:
$ 27.65 - $ 27.15 - $ 26.72
Strategy:
Range Trade
Silver is likely to remain in the range of 27.23 and 28.50. Upside breakage of 28.50 may call for 29.01 and 29.50.
Crude Oil:
Resistance Levels:
$ 91.52 - $ 92.37 - $ 93.23
Support Levels:
$ 89.81 - $ 88.95 - $ 88.10
Strategy:
Buy on Dips
Long above 89.90, target 91.22 and 92.68. Downside penetration 89.90 may call 89.20.
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2596- $ 1.2659- $ 1.2700
Support Levels:
$ 1.2492 - $ 1.2451 - $ 1.2388
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5707 - $ 1.5759 - $ 1.5794
Support Levels:
$ 1.5620 - $ 1.5585 - $ 1.5533
Strategy:
Sell on Strength
AUDUSD :
Resistance Levels:
$ 0.9811 - $ 0.9862 - $ 0.9912
Support Levels:
$ 0.9710 - $ 0.9660 - $ 0.9609
Strategy:
Sell on Strength