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Trading Analysis - 5th April 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1638.10 - $ 1662.00 - $ 1674.60
Support Levels:
$ 1601.60 - $1589.00 - $1565.10
Strategy:
Sell on Strength
(Short below 1630, target 1613 and 1601. Upside penetration of 1630 will call for 1638 and 1662.)
Silver:
Resistance Levels:
$ 32.16 - $ 33.27 - $ 33.86
Support Levels:
$ 30.46- $ 29.87 - $ 28.76
Strategy:
Sell on Strength
(Short at 31.28, target 30.46 and 29.87. put stop loss at 32.05. Upside penetration of 31.8 will call for 31.90 and 32.16)
Crude Oil:
Resistance Levels:
$ 103.37 - $ 105.26 - $ 106.41
Support Levels:
$ 100.33 - $ 99.18 - $ 97.29
Strategy:
Sell on Strength
(Short at 103.25, target 100.50 & 99.18. Upside penetration of 103.25 will call for 104.40 & 105.26)
Word of Caution: U.S. Unemployment Claims at 1730 hours (GMT+5)
Thursday, 05 Apr, 2012 / 6:27
Source : http://www.acmgold.com/news-analysis
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