Trading news

Trading Analysis 26th June 2012

Gold:
Resistance Levels:
$ 1593.8 - $ 1602.5 - $ 1615.9

Support Levels:
$ 1571.7 - $ 1558.3 - $ 1549.6

Strategy:

Sell on Strength

Sell below 1592 targeting 1530. A break above 1590 will call for 1621.

Consumer Confidence @ 1900 (GMT + 5)

 


 Silver:
Resistance Levels:
$ 27.842 - $ 28.228 - $ 28.867

Support Levels:
$ 26.817 - $ 26.178 - $ 25.792

Strategy:
Buy on Dips

Buy above 26.50 targeting 28.20. A break below 26.50 will call for 25.00.

 

 


Crude Oil:
Resistance Levels:
$ 80.56 - $ 81.95 - $ 83.21

Support Levels:
$ 77.91 - $ 76.65 - $ 75.26

Strategy:
Buy on Dips

Buy above 78.50 targeting 81.20. A break below 78.50 will call for 76.50

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0051 - $ 1.0094 - $ 1.0135

Support Levels:
$ 0.9967 - $ 0.9926 - $ 0.9883

Strategy:
Buy on Dips

 


 



GBPUSD :
Resistance Levels:
$ 1.5597- $ 1.5623 - $ 1.5653

Support Levels:
$ 1.5541 - $ 1.5511 - $ 1.5485

Strategy:
Buy on Dips

Public Sector Net Borrowing @1330, Inflation Report Hearings @ 1400 (GMT + 5)



EURUSD :
Resistance Levels:
$ 1.2550 - $ 1.2598 - $ 1.2638

Support Levels:
$ 1.2462 - $ 1.2422 - $ 1.2374

Strategy:
Sell on Strength

Italian Retail Sales @ 1300 (GMT + 5)

Tuesday, 26 Jun, 2012 / 4:20

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

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