TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1625.7 - $ 1637.6 - $ 1645.4
Support Levels:
$ 1606.0 - $ 1598.2 - $ 1586.3
Strategy:
Neutral
Long above 1630, target 1640 and 1648. Short below 1609, target 1602 and 1594.
ISM Non-Manufacturing PMI @1900(GMT+5)hours.
CAUTION! G7 Meetings Today
Silver:
Resistance Levels:
$ 28.47 - $ 28.93 - $ 29.19
Support Levels:
$ 27.74 - $ 27.48 - $ 27.02
Strategy:
Neutral
Long above 28.70, target 29.20 and 29.60.
Short below 28.00, target 27.60 and 27.20.
Crude Oil:
Resistance Levels:
$ 85.17 - $ 86.36 - $ 88.34
Support Levels:
$ 82.00 - $ 80.02 - $ 78.83
Strategy:
Buy on Dips
Long above 82.90, target 83.55, 85.35 and 86.70. Downside penetration of 82.90 may call for 81.20, 80.59 and 80.00.
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2543 - $ 1.2588 - $ 1.2667
Support Levels:
$ 1.2419 - $ 1.2340 - $ 1.2295
Strategy:
Neutral
Final Services PMI @1300; Retail Sales @1400 followed by German Factory Orders @1500 (GMT+5)hours.
CAUTION! G7 Meetings Today
GBPUSD :
Resistance Levels:
$ 1.5418 - $ 1.5453 - $ 1.5492
Support Levels:
$ 1.5344 - $ 1.5305 - $ 1.5270
Strategy:
Neutral
Bank Holiday!
AUDUSD :
Resistance Levels:
$ 0.9773 - $ 0.9819 - $ 0.9892
Support Levels:
$ 0.9654 - $ 0.9581 - $ 0.9535
Strategy:
Neutral