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

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