TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1635.2 - $ 1643.2 - $ 1653.1
Support Levels:
$ 1617.3- $ 1607.4 - $ 1599.4
Strategy:
Sell on Strength
Short below $1630, target $1600. Break above $1630 may call for $1645.
Silver:
Resistance Levels:
$ 27.9 - $ 28.2 - $ 28.5
Support Levels:
$ 27.4 - $ 27.1 - $ 26.8
Strategy:
Sell on Strength
Short below $27.85, target $27.00. A break above $27.85 may call for $28.80.
Crude Oil:
Resistance Levels:
$ 90.8 - $ 91.3 - $ 92.1
Support Levels:
$ 89.4 - $ 88.6 - $ 88.1
Strategy:
Buy on Dips
Long above $89.50, target $92.10. Downside breakage of $89.50 may call for $87.70.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0518 - $ 1.0553 - $ 1.0620
Support Levels:
$ 1.0416 - $ 1.0349 - $ 1.0314
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5791- $ 1.5830 - $ 1.5892
Support Levels:
$ 1.5690 - $ 1.5628 - $ 1.5589
Net lending to individuals at 1400(GMT+5); CBI Realized Sales at 1530(GMT+5) hours.
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2391 - $ 1.2464 - $ 1.2539
Support Levels:
$ 1.2243 - $ 1.2168 - $ 1.2095
Strategy:
Sell on Strength
Spanish flash GDP at 1230 (GMT+5) hours; Italian 10-year bond auction today.