TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1578.2 - $1587.4 - $1601.2Support 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
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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.