Equities and dollar cool after ISM data, showtime for BoE
· Euro/dollar trapped near $1.20 region, stocks drift after ISM survey [...]
Trading news
Trading Analysis - 27th February 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1779.9 - $ 1787.6 - $ 1792.30
Support Levels:
$ 1767.50 - $1762.80 - $1755.10
Strategy:
Buy on Dips
(Buy positions above 1762.72 with targets @ 1797.52. A fall below 1762.72 will call for 1749.19)
Silver:
Resistance Levels:
$ 35.67 - $ 35.95 - $ 36.193
Support Levels:
$ 35.15- $ 34.91 - $ 34.63
Strategy:
Buy on Dips
(Buy positions above 35.00 with targets @ 36.08. A fall below 35.00 will call for 34.05.)
Crude Oil:
Resistance Levels:
$ 1110.4 - $ 111.15 - $ 112.37
Support Levels:
$ 108.43 - $ 107.21 - $ 106.46
Strategy:
Buy on Dips
(Buy above 107.51 targeting 110.61. A fall below 107.51 will call for 105.85.)
Monday, 27 Feb, 2012 / 6:06
Source : http://www.acmgold.com/news-analysis
Trading news
BOE Interest Rate Decision: Keep Calm And Carry On?
Of the major central banks, the BOE is generally seen as the most likely to [...]
Inflation fears put the US dollar in the spotlight
The dollar rose sharply on Wednesday, fueled by renewed sentiment about higher [...]
