BoC Abandons Hike Bias, Riksbank’s Turn to Decide on Policy
The Canadian dollar slid yesterday, after the BoC fully abandoned its hiking [...]
Trading news
Trading Analysis - 28th February 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1783.1 - $ 1791.2 - $ 1801.5
Support Levels:
$ 1764.7 - $1754.7 - $1746.3
Strategy:
Buy on Dips
(Buy above $1762 targeting $1797.52. A fall below $1762.72 will call for $1749.19. If gold doesn't break 1782 then short gold around 1780 and Stop loss will be 1784 and take profit 1770 and 1762.)
Silver:
Resistance Levels:
$ 35.75 - $ 35.98 - $ 36.33
Support Levels:
$ 35.17- $ 34.82 - $ 34.59
Strategy:
Buy on Dips
(Buy above $35.05 targeting $36.08. A fall below $35.00 will call for $34.05.)
Crude Oil:
Resistance Levels:
$ 109.80 - $ 111.03 - $ 112.30
Support Levels:
$ 107.30 - $ 106.03 - $ 104.80
Strategy:
Buy on Dips
(Buy above 107.51 targeting 110.61. A fall below 107.51 will call for 105.85.)
Tuesday, 28 Feb, 2012 / 7:37
Source : http://www.acmgold.com/news-analysis
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