Trading news

Trading Analysis 30th May 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1572.9 - $1597.1 - $1610.7

Support Levels:
$ 1535.1 - $1521.5 - $1497.3

Strategy:
Sell on Strength

US Home Sales @1900(GMT+5)hours.

Short below 1563, target 1545  and 1535. Upside penetration of 1563 may call for 1571 and 1584.

 

Silver:
Resistance Levels:
$ 28.46 - $ 29.13 - $ 29.51


Support Levels:
$ 27.41 - $ 27.03 - $ 26.36

Strategy:
Sell on Strength

Short below 28.00, target 27.55 and 27.15. Upside penetration of 28.00 may call for 28.30 and 28.60.

         

Crude Oil:
Resistance Levels:
$ 91.90 - $ 93.03 - $ 93.86

Support Levels:
$ 89.94 - $ 89.11 - $ 87.98

Strategy:
Sell on Strength

Short below 90.95, target 89.80 and 89.30. Upside penetration of 90.95 may call for 91.55 and 92.20.        

 

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2547- $ 1.2617- $ 1.2661

Support Levels:
$ 1.2433 - $ 1.2389 - $ 1.2319

Strategy:
Sell on Strength

Italian Bond Auction Today!

ECB President Draghi Speaks @2030(GMT+5)hours.

Money Supply @1300(GMT+5)hours.

GBPUSD :
Resistance Levels:

$ 1.5694 - $ 1.5759 - $ 1.5803

Support Levels:

$ 1.5585 - $ 1.5541 - $ 1.5476


Strategy:
Sell on Strength

Net Lending @1330(GMT+5)hours.


AUDUSD :
Resistance Levels:
$ 0.9881 - $ 0.9936 - $ 0.9978

Support Levels:
$ 0.9784 - $ 0.9742 - $ 0.9687

Strategy:
Sell On Strength

Wednesday, 30 May, 2012 / 4:50

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

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