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Trading Analysis 6th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1620.40 - $ 1635.90 - $ 1647.40

Support Levels:
$ 1593.40 - $ 1581.90 - $ 1566.40

Strategy:
Buy on Dips

Buy above $1596.05 targeting $1623. A break below $1596.05 will call for $1580.

 

Non- farm employment change @1730, Unemployment rate @ 1730, Average hourly earnings @ 1730 (GMT + 5)

 

Silver:
Resistance Levels:
$ 28.195 - $ 28.730 - $ 29.080


Support Levels:
$ 27.310 - $ 26.960 - $ 26.425

Strategy:
Buy on Dips

Buy above $27.17 targeting $28.58. A break below $27.17 will call for $26.10.

 

Crude Oil:
Resistance Levels:
$ 88.35 - $ 89.91 - $ 90.83

Support Levels:
$ 85.87 - $ 84.95 - $ 83.39

Strategy:
Buy on Dips

Buy above $85.40 targeting $90.00. A break below $85.40 will call for $82.13.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0329 - $ 1.0372 - $ 1.0416

Support Levels:
$ 1.0242 - $ 1.0198 - $ 1.0155

Strategy:
Sell on Strength

 

GBPUSD :
Resistance Levels:

$ 1.5595- $ 1.5670 - $ 1.5718

Support Levels:

$ 1.5472 - $ 1.5424 - $ 1.5349

Strategy:
Buy on Dips

PPI Input @1330, PPI Output@ 1330 (GMT + 5)

 

EURUSD :
Resistance Levels:

$ 1.2497 - $ 1.2605 - $ 1.2672

Support Levels:
$ 1.2322 - $ 1.2255 - $ 1.2147

Strategy:
Buy on Dips

German Industrial Production @ 1500 (GMT + 5)

Friday, 06 Jul, 2012 / 4:21

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

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