TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1663.30 - $1672.50 - $1681.20
Support Levels:
$ 1645.40 - $1636.70 - $1627.50
Strategy:
Range Trade
Buy Strategy: Long above 1635, target 1650.
Sell Strategy: Short below 1665, target 1648, stop loss 1672.
U.S. Unemployment Claims; Prelim Non Farm Productivity and Labour Cost at 1730, followed by ISM Non Manufacturing PMI at 1900 (GMT+5) hours.
Silver:
Resistance Levels:
$ 31.00 - $ 31.35 - $ 31.65
Support Levels:
$ 30.35 - $ 30.06 - $ 29.70
Strategy:
Range Trade
Buy Strategy: Long at 30.06, target 31.00.
Sell Strategy: Short at 31.35, target 30.06.
Crude Oil:
Resistance Levels:
$ 105.88 - $ 106.53 - $ 107.02
Support Levels:
$ 104.74 - $ 104.25 - $ 103.60
Strategy:
Buy on Dips
Long above 104.25, target 105.75.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0345 - $ 1.0387 - $ 1.0418
Support Levels:
$ 1.0272 - $ 1.0241 - $ 1.0199
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.6233 - $ 1.6274 - $ 1.6312
Support Levels:
$ 1.6154 - $ 1.6116 - $ 1.6075
Strategy:
Buy on Dips
Services PMI at 1330 (GMT+5)hours
EURUSD :
Resistance Levels:
$ 1.3216 - $ 1.3287 - $ 1.3334
Support Levels:
$ 1.3098 - $ 1.3051 - $ 1.2980
Strategy:
Buy on Dips
Minimum Bid Rate at 1645, ECB Press Conference at 1730(GMT+5)hours
