TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1670.60 - $1678.90 - $1685.40
Support Levels:
$ 1655.80 - $1649.30 - $1641.00
Strategy:
Sell on Strength
Short below 1669, target 1638, stop loss 1672.An upside breakage of 1672 may hit 1685
U.S. Non Farm Employment Change at 1715 followed by Factory Orders at 1900 (GMT+5) hours.
Silver:
Resistance Levels:
$ 31.27 - $ 31.60 - $ 31.84
Support Levels:
$ 30.69 - $ 30.45 - $ 30.12
Strategy:
Sell on Strength
Short below 31.27, target 30.12, stop loss at 31.84.
Crude Oil:
Resistance Levels:
$ 106.93 - $ 107.70 - $ 108.97
Support Levels:
$ 104.89 - $ 103.62 - $ 102.85
Strategy:
Range Trade
Most likely to trade in the range of 103.62 to 106.93.
Crude Oil Inventories at 1930(GMT+5) hours
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0406 - $ 1.0478 - $ 1.0530
Support Levels:
$ 1.0282 - $ 1.0230 - $ 1.0158
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6248 - $ 1.6277 - $ 1.6309
Support Levels:
$ 1.6187 - $ 1.6155 - $ 1.6126
Strategy:
Sell on Strength
Construction PMI and Net Lendings at 1330 (GMT+5)hours
EURUSD :
Resistance Levels:
$ 1.3278 - $ 1.3320 - $ 1.3357
Support Levels:
$ 1.3199 - $ 1.3162 - $ 1.3120
Strategy:
Sell on Strength
German Unemployment Change at 1255, Euro Unemployment Change at 1400(GMT+5)hours followed by ECOFIN Meeting All Day!
