Trading news

Trading Analysis 31st August 2012

Resistance Levels:
$ 1665.4 - $ 1673.3 - $ 1679.8

SUPPORT LEVELS:
$ 1651.0 - $ 1644.5 - $ 1636.6

STRATEGY:
Neutral

Buying levels are $1652 and $1648. Selling levels are $1664 and $1669.

U.S. consumer sentiment, factory orders, Bernanke speech (IMP) – Today!

Silver
Resistance Levels:
$ 30.9 - $ 31.3 - $ 31.6

SUPPORT LEVELS:
$ 30.2 - $ 29.9 - $ 29.5

STRATEGY:
Sell on Strength

Sell below $30.70; put loss above $31.00, target $30.10 and $29.80. 

Crude Oil
Resistance Levels:
$ 95.6 - $ 96.4 - $ 97.3

SUPPORT LEVELS:
$ 93.9 - $ 93.1 - $ 92.3

STRATEGY:
Range Trade

Oil is likely to trade in the range of $ 94.00 to $95.55. A break below $94.00 may show $93.65 and a break above $95.55 may show $96.70. 

EURO / USD :
Resistance Levels:
$ 1.2550 - $ 1.2594 - $ 1.2625

SUPPORT LEVELS:
$ 1.2475 - $ 1.2444 - $ 1.2400

STRATEGY:
Neutral

CPI and unemployment rate- Today!

GBP / USD :
Resistance Levels:
$ 1.5849 - $ 1.5914 - $ 1.5953

SUPPORT LEVELS:
$ 1.5745 - $ 1.5706 - $ 1.5641

STRATEGY:
Neutral 

AUD / USD
Resistance Levels:
$ 1.0334 - $ 1.0380 - $ 1.0409

SUPPORT LEVELS:
$ 1.0259 - $ 1.0230 - $ 1.0184

STRATEGY:
Neutral 

Friday, 31 Aug, 2012 / 3:06

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

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