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Trading Analysis - 29th March 2012

TECHNICAL's IN FOCUS

GOLD
Resistance Levels:
$ 1676.90 - $ 1696.00 - $ 1707.40

Support Levels:
$ 1646.40 - $1635.00 - $1615.90

Strategy:
 Sell on Strength

(Short around 1669, target 1645. Put stop loss around 1689.)

 

 

SILVER
Resistance Levels:
$ 32.42 - $ 33.01 - $ 33.34

Support Levels:
$ 31.50- $ 31.17 - $ 30.58

Strategy:
Sell on Strength

(Short at 32.35, target 31.35.)

 

 

 

CRUDE OIL 
Resistance Levels:
$ 106.68 - $ 107.94 - $ 108.95

Support Levels:
$ 104.41 - $ 103.40 - $ 102.14


Strategy:
Sell on Strength

(Short @ 105.90,  target 104.75)

 

 

(Note of Caution: U.S. Unemployment Claims at 5.30 pm followed by Bernanke Speech at 9.45 pm (GMT+5))

Thursday, 29 Mar, 2012 / 4:47

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

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