Trading news

Trading Analysis 28th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1578.2 - $1587.4 - $1601.2

Support Levels:
$ 1555.2 - $1541.4 - $1532.2

Strategy:
Buy on Dips

Long above 1565; target 1585 and 1594. Downside penetration of 1565 may call for 1550.

US bank holiday!

Silver:
Resistance Levels:
$ 28.67 - $ 28.96 - $ 29.36


Support Levels:
$ 27.98 - $ 27.58 - $ 27.29

Strategy:
Buy on Dips

Long above 28.20; target 28.78 and 29.10; put stop loss at 27.90. Downside penetration of 27.90 may call for 27.50 and 27.10.

 

Crude Oil:
Resistance Levels:
$ 91.39 - $ 91.91 - $ 92.51

Support Levels:
$ 90.27 - $ 89.67 - $ 89.15

Strategy:
Buy on Dips

Long above 90.30, target 92.50 and 92.00; put stop loss at 89.90. Downside penetration 89.90 may call 89.20.

 

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2576- $ 1.2586- $ 1.2595

Support Levels:
$ 1.2557 - $ 1.2548 - $ 1.2538

Strategy:
Buy on Dips

French and German bank holiday!

GBPUSD :
Resistance Levels:
$ 1.5687 - $ 1.5697 - $ 1.5704

Support Levels:

$ 1.5670 - $ 1.5663 - $ 1.5653

MPC Member Broadbent Speaks 2000(GMT+5)hours.


Strategy:
Buy on Dips


AUDUSD :
Resistance Levels:
$ 0.9830 - $ 0.9849 - $ 0.9866

Support Levels:
$ 0.9794 - $ 0.9777 - $ 0.9758

Strategy:
Sell On Strength

Market looks bearish as long as 0.9934 holds. 

Monday, 28 May, 2012 / 5:22

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

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