Trading news

Trading Analysis 29th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1580.7 - $1588.4 - $1593.3

Support Levels:
$ 1568.1 - $1563.2 - $1555.5

Strategy:
Buy on Dips

Long above 1565, target 1582 and 1590. A downside penetration of 1565 may call for 1557 and 1551.

 

HPI data @ 1800(GMT+5)hours.

Consumer Confidence @ 1900(GMT+5)hours.

Silver:
Resistance Levels:
$ 28.66 - $ 28.95 - $ 29.14


Support Levels:
$ 28.18 - $ 27.99 - $ 27.70

Strategy:
Buy on Dips

Long above 28.20, target 28.80 and 29.20. Downside penetration of 28.20 may call for 27.80.  

         

Crude Oil:
Resistance Levels:
$ 91.78 - $ 92.40 - $ 92.82

Support Levels:
$ 90.74 - $ 90.32 - $ 89.70

Strategy:
Buy on Dips

Long above 90.65, target 91.85 and 92.25. A downside penetration of 90.65 may call for 90.20 and 89.80.

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2590- $ 1.2660- $ 1.2698

Support Levels:
$ 1.2482 - $ 1.2444 - $ 1.2374

Strategy:
Sell on Strength

German Prelim CPI

GBPUSD :
Resistance Levels:
$ 1.5698 - $ 1.5733 - $ 1.5751

Support Levels:

$ 1.5645 - $ 1.5627 - $ 1.5592


Strategy:
Sell on Strength

Sales data @ 1500(GMT+5)hours.


AUDUSD :
Resistance Levels:
$ 0.9863 - $ 0.9913 - $ 0.9940

Support Levels:
$ 0.9786 - $ 0.9759 - $ 0.9709

Strategy:
Sell On Strength

Tuesday, 29 May, 2012 / 4:25

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

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