Trading news

Trading Analysis 4th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1629.8 - $ 1643.0 - $ 1660.2

Support Levels:
$ 1599.4 - $ 1582.2 - $ 1569.0

Strategy:
Sell on Strength

Sell below $1624 targeting 1606. A break above $1624 will call for $1640.

 

US Bank Holiday Today!

Silver:
Resistance Levels:
$ 28.657 - $ 29.078 - $ 29.712


Support Levels:
$ 27.602 - $ 26.968 - $ 26.547

Strategy:
Sell on Strength

Short below $28.44 targeting $27.17. A break above $28.44 will call for $29.11.

 

Crude Oil:
Resistance Levels:
$ 89.40 - $ 91.08 - $ 94.11

Support Levels:
$ 84.69 - $ 81.66 - $ 79.98

Strategy:
Sell on Strength

Short below $88.01 targeting $85.28. A break above $88.01 will call for $90.15.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0308 - $ 1.0336 - $ 1.0375

Support Levels:
$ 1.0241 - $ 1.0202 - $ 1.0174

Strategy:
Buy on Dips

 

GBPUSD :
Resistance Levels:

$ 1.5775- $ 1.5846 - $ 1.5980

Support Levels:

$ 1.5570 - $ 1.5436 - $ 1.5368

Strategy:
Sell on Strength

Services PMI @ 1330 (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2636 - $ 1.2666 - $ 1.2705

Support Levels:
$ 1.2567 - $ 1.2528 - $ 1.2498

Strategy:
Sell on Strength

Retail Sales @ 1400, Final Services PMI @1300 (GMT + 5)

Wednesday, 04 Jul, 2012 / 5:45

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

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