US employment data to dictate mood; OPEC can’t lift oil
Spotlight falls on the US jobs report today; risks around dollar [...]
Trading news
Trading Analysis - 30th March 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1663.00 - $ 1673.90 - $ 1683.20
Support Levels:
$ 1642.80 - $1633.50 - $1622.60
Strategy:
Sell on Strength
(Short below $1677, target 1$632. A break above $1677 will call for $1706)
SILVER
Resistance Levels:
$ 32.32 - $ 32.64 - $ 32.99
Support Levels:
$ 31.65- $ 31.30 - $ 30.98
Strategy:
Sell on Strength
(Sell below $33.16 targeting $31.12. A break above $33.16 will call for $34.38.)
CRUDE OIL
Resistance Levels:
$ 104.94 - $ 107.11 - $ 108.51
Support Levels:
$ 101.37 - $ 99.97 - $ 97.80
Strategy:
Sell on Strength
(Sell below $104.50 targeting $101.31. A break above $104.50 will call for $105.60 initially and then $107.87)
Friday, 30 Mar, 2012 / 4:36
Source : http://www.acmgold.com/news-analysis
Trading news
Traders Eye Payrolls Report After Weak ADP
The markets continue to whipsaw ahead of today’s payrolls report. This [...]
THE POUND ROSE TO ITS HIGHEST LEVEL IN ALMOST 7 MONTHS. WHAT'S NEXT?
On Wednesday, the GBP/USD crossed the 1.3000 level and set a new high in [...]
