Trading news

Trading Analysis 25th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1573.10 - $1588.80 - $1599.8

Support Levels:
$ 1546.40 - $1535.40 - $1519.70
Strategy:

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

Friday, 25 May, 2012 / 4:22

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

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