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Trading Analysis - 26th March 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1647.20 - $ 1631.90 - $ 1622.40
Support Levels:
$ 1672.00 - $1681.50 - $1696.80
Strategy:
Buy on Dips
(Long around 1648, target 1684, minor hurdle at 1675. A downside penetration of 1648 could target 1642 and 1635.)
SILVER
Resistance Levels:
$ 32.10 - $ 32.86 - $ 33.36
Support Levels:
$ 30.84- $ 30.34 - $ 29.58
Strategy:
Buy on Dips
(Long at 31.64, target 31.96, put stop loss at 31.11)
CRUDE OIL
Resistance Levels:
$ 108.36 - $ 109.85 - $ 111.45
Support Levels:
$ 105.27 - $ 103.67 - $ 102.18
Strategy:
Sell on Strength
(Short @ 107.40, put stop loss @ 107.88 a break up 108.10 will open the way to 110. Long @ 105.63 put stop loss @ 105.10, target slightly below 105.75)
Monday, 26 Mar, 2012 / 4:29
Source : http://www.acmgold.com/news-analysis
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