Trading news

Trading Analysis - 3rd April 2012

TECHNICAL's IN FOCUS

 GOLD

 
Resistance Levels:
$ 1688.60 - $ 1697.50 - $ 1709.60

Support Levels:
$ 1667.60 - $1655.50 - $1646.60

Strategy:
 Buy on Dips

(Long around 1671, target 1688 & 1697. Downward penetration of 1671 will call for 1663 & 1655)

 

 

 SILVER

Resistance Levels: 

$ 33.45 - $ 33.81 - $ 33.36

Support Levels:
$ 32.54- $ 31.99 - $ 31.63

Strategy:
Buy on Dips

(Long at 32.54, target 32.22 & 33.75.Downward penetration of 32.54 will call for 32.15 & 31.65)

 

 

 CRUDE OIL

Resistance Levels:
$ 106.46 - $ 107.69 - $ 109.89

Support Levels:
$ 103.03 - $ 100.83 - $ 99.60


Strategy:
Buy on Dips

(Long at 103.50, targets 105.70 & 106.20. Downward penetration of 103.50 will call for 102.15 & 101.00)

Tuesday, 03 Apr, 2012 / 4:30

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

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