Trading news

Trading Analysis 29th June 2012

Gold:
Resistance Levels:
$ 1572.1 - $ 1591.9 - $ 1604.1

Support Levels:
$ 1540.1 - $ 1527.9 - $ 1508.1

Strategy:

Sell on Strength

Sell below 1575 targeting 1530. A break above 1575 will call for 1602.

Core PCE Price Index @ 1730, Personal Spending @1730, Chicago PMI @ 1845, UoM Consumer Sentiment @ 1855 (GMT + 5)

 


 Silver:
Resistance Levels:
$ 26.860 - $ 27.460 - $ 27.855

Support Levels:
$ 25.865 - $ 25.470 - $ 24.870

Strategy:
Sell on Strength

Buy above 26.20 targeting 27.80. A break below 26.20 will call for 25.00.

 

 


Crude Oil:
Resistance Levels:
$ 81.40 - $ 82.28 - $ 83.64

Support Levels:
$ 79.16 - $ 77.80 - $ 76.92

Strategy:
Sell on Strength

Sell below 81.00 targeting 77.00. A break above 81.00 will call for 83.00.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0116 - $ 1.0186 - $ 1.0247

Support Levels:
$ 0.9985 - $ 0.9924 - $ 0.9854

Strategy:
Buy on Dips

 


 



GBPUSD :
Resistance Levels:
$ 1.5599- $ 1.5680 - $ 1.5738

Support Levels:
$ 1.5460 - $ 1.5402 - $ 1.5321

Strategy:
Sell on Strength

BOE Gov King speaks @1430, BOE Financial Stability Report @ 1430(GMT + 5)



EURUSD :
Resistance Levels:
$ 1.2509 - $ 1.2575 - $ 1.2626

Support Levels:
$ 1.2392 - $ 1.2341 - $ 1.2275

Strategy:
Buy on Dips

EU Economic Summit All day, CPI Flash estimate @ 1400, M3 Money Supply @ 1300(GMT + 5)

Friday, 29 Jun, 2012 / 6:17

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

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