Trading news

Trading Analysis 4th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1653.4 - $ 1683.2 - $ 1736.8

Support Levels:
$ 1570.0 - $ 1516.4 - $ 1486.6

Strategy:
Buy on dips

Buy above 1598. Target 1650. A fall below 1598 might call for 1580.

 

Silver:
Resistance Levels:
$ 29.07 - $ 29.64 - $ 30.57


Support Levels:
$ 27.57 - $ 26.64 - $ 26.07

Strategy:
Sell on Strength

Short below 28.83. Target 27.57. A break above 28.83 might call for 29.64

Factory Orders @2000(GMT+5)hours.

Crude Oil:
Resistance Levels:
$ 85.80 - $ 88.34 - $ 90.10

Support Levels:
$ 81.50 - $ 79.74 - $ 77.20

Strategy:
Sell on Strength

Short below 83.06. Target 79.42. A break above 83.06 might call for 86.11

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2496 - $ 1.2563 - $ 1.2668

Support Levels:
$ 1.2324 - $ 1.2219 - $ 1.2152

Strategy:
Sell on Strength

Sentix Investor Confidence @1430(GMT+5)hours.

GBPUSD :
Resistance Levels:

$ 1.5439 - $ 1.5524 - $ 1.5610

Support Levels:

$ 1.5268 - $ 1.5182 - $ 1.5097


Strategy:
Sell on Strength


AUDUSD :
Resistance Levels:
$ 0.9759 - $ 0.9821 - $ 0.9911

Support Levels:
$ 0.9607 - $ 0.9517 - $ 0.9455

Strategy:
Sell on Strength

Monday, 04 Jun, 2012 / 4:55

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

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