Trading news

Trading Analysis 5th June 2012

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

Tuesday, 05 Jun, 2012 / 4:20

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

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