Muted jubilation as Evergrande makes debt payment
Relief as Evergrande averts default but China’s property [...]
Trading news
Trading Analysis 3rd July 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1604.6 - $ 1612.2 - $ 1620.8
Support Levels:
$ 1588.4 - $ 1579.8 - $ 1572.2
Strategy:
Buy on Dips
Buy above 1594.00 targeting 1622. A break below 1594 will call for 1577.00.
Factory Orders @ 1900 (GMT + 5)
Silver:
Resistance Levels:
$ 27.652 - $ 27.838 - $ 28.072
Support Levels:
$ 27.232 - $ 26.998 - $ 26.812
Strategy:
Buy on Dips
Buy above 27.20 targeting 28.50. A break above 27.20 will call for 26.60.
Crude Oil:
Resistance Levels:
$ 85.11 - $ 86.55 - $ 88.06
Support Levels:
$ 82.16 - $ 80.65 - $ 79.21
Strategy:
Buy on Dips
Buy above 82.08 targeting 86.43. A break below 82.08 will call for 80.90.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0279 - $ 1.0310 - $ 1.0344
Support Levels:
$ 1.0085 - $ 0.9931 - $ 0.9846
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5726- $ 1.5764 - $ 1.5806
Support Levels:
$ 1.5646 - $ 1.5604 - $ 1.5566
Strategy:
Buy on Dips
Construction PMI @1330, Net lending to individuals @ 1330 (GMT + 5)
EURUSD :
Resistance Levels:
$ 1.2646 - $ 1.2718 - $ 1.2757
Support Levels:
$ 1.2535 - $ 1.2496 - $ 1.2424
Strategy:
Buy on Dips
PPI @ 1400 (GMT + 5)
Tuesday, 03 Jul, 2012 / 8:25
Source : http://www.acmgold.com/news-analysis
Trading news
U.S companies achieved their third quarter profit target
More than 85% of S&P 500 companies beat expectations in the third quarter. [...]
Evergrande jitters return, yen climbs, dollar steady
Evergrande shares plunge after sale of unit falls through, mood [...]
