Trading news

Trading Analysis 26th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1616.4 - $ 1629.2 - $ 1648.5

Support Levels:
$ 1584.3-  $ 1565.0 - $ 1552.2

Strategy:
Neutral

SELLERS: Short below 1610 – 1614, put stop loss at 1618, target 1601 and 1591. Upside breakage of 1618 may show 1624 and 1634.

 

BUYERS: Long above 1594, target 1610 and 1620. Downside breakage of 1694 may show 1586 and 1578.

 

U.S. durable goods orders  and unemployment claims at 1800; pending homes sales at 1930(GMT+5) hours.

Silver:
Resistance Levels:
$ 27.6 - $ 27.9 - $ 28.4


Support Levels:
$ 26.8 - $ 26.5 - $ 26.1

Strategy:
Sell on Strength

Sell below $27.40-45, targeting $27.05 and $26.80, put stop loss at 27.50.

Crude Oil:
Resistance Levels:
$ 89.9 - $ 90.9 - $ 92.5

Support Levels:
$ 87.4 - $ 85.9 - $ 84.9

Strategy:

Neutral

 

Oil is expected to trade in the range of 86.90 and 89.20. buy on lower levels, short on higher levels.

Downside breakage of 86.90 may show 85.50.

Upside breakage of 89.20 may show 90.50.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0370 - $ 1.0433 - $ 1.0530

Support Levels:
$ 1.0210 - $ 1.0113 - $ 1.0050

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5547- $ 1.5595 - $ 1.5640

Support Levels:

$ 1.5454 - $ 1.5409 - $ 1.5361

Strategy:
Sell on Strength

EURUSD :
Resistance Levels:

$ 1.2200 - $ 1.2242 - $ 1.2316

Support Levels:
$ 1.2084 - $ 1.2010 - $ 1.1968

Strategy:
Sell on Strength

Money supply at 1330 followed by ECB President Draghi speech at 1500 (GMT+5) hours

Thursday, 26 Jul, 2012 / 4:12

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

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under