
Oil higher ahead of OPEC+ meeting – US OIL Market Outlook – 04/03/2021
WTI Crude oil hit our long resistance targets, printing a high a tat below $62 [...]
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1793.92 - $ 1803.99 - $ 1818.07
Support Levels:
$ 1769.76 - $1755.67 - $1745.59
Strategy:
Buy on Dips
(Buy above $1780 targeting $1797.52. Break above 1797 will call for 1826. Confirmation will be done after gold stand above 1800. If gold doesn’t break 1800 and sustain below, will call for 1775 then 1762).
SILVER
Resistance Levels:
$ 37.62 - $ 38.35 - $ 39.51
Support Levels:
$ 35.73- $ 34.57 - $ 33.84
Strategy:
Buy on Dips
(Buy above $36.05 targeting $37.81. A fall below $35.50 will call for $34.50).
CRUDE OIL
Resistance Levels:
$ 107.93 - $ 109.57 - $ 110.39
Support Levels:
$ 105.47 - $ 104.65 - $ 103.01
Strategy:
Sell on Strength
(Short below 107.30 targeting 105.20. if it breaks 107.30 above will call for 108.50 first then 110.00).
Wednesday, 29 Feb, 2012 / 5:05
Source : http://www.acmgold.com/news-analysis
Oil higher ahead of OPEC+ meeting – US OIL Market Outlook – 04/03/2021
WTI Crude oil hit our long resistance targets, printing a high a tat below $62 [...]
Gold struggling to find support – GOLD Market Outlook – 04/03/2021
Weaker than expected ADP employment change had little effect on gold yesterday [...]
The ECB turns everything upside down
A new European Central Bank report shows a different assessment of the central [...]