Trading news

Trading Analysis 6th September 2012

GOLD
Resistance Levels:
$ 1699.5 - $ 1703.3 - $ 1708.3

SUPPORT LEVELS:
$ 1690.7 - $ 1685.7 - $ 1681.9

STRATEGY:
Neutral  

Long above $1685; target $1700, and $1710. A break below $1685 may show $1680 and $1675.

U.S. Non Farm employment change @ 1745, unemployment claims @ 1800, and ISM manufacturing PMI @ 1930 (GMT+5) hours.

Silver
Resistance Levels:
$ 32.4 - $ 32.6 - $ 32.9

SUPPORT LEVELS:
$ 32.1 - $ 31.8 - $ 31.0

STRATEGY:
Neutral

Long above $31.70; target $32.30, $32.50 and $32.90. a break below $31.70 may show $31.20.

Crude Oil
Resistance Levels:
$ 96.6 - $ 97.2 - $ 98.4

SUPPORT LEVELS:
$ 94.8 - $ 93.7 - $ 93.1

STRATEGY:
Neutral

Long above $ $94.40; target 96.60 and $97.00 . A fall below $94.40 may show $93.90 and $93.20.

Crude Oil Inventories @2030(GMT+5)hours.

EURO / USD :
Resistance Levels:
$ 1.2649 - $ 1.2698 - $ 1.2772

SUPPORT LEVELS:
$ 1.2526 - $ 1.2452 - $ 1.2403

STRATEGY:
Neutral

French 10-year auction, German factory orders @ 1530, ECB Press conference @ 1800 and ECB President Draghi Speaks @ 2200 (GMT+5) hours.

GBP / USD :
Resistance Levels:
$ 1.5848 - $ 1.5995 - $ 1.6056

SUPPORT LEVELS:
$ 1.5840 - $ 1.5779 - $ 1.5732

STRATEGY:
Neutral

MPC Rate Statement (tentative)

AUD / USD
Resistance Levels:
$ 1.0226 - $ 1.0260 - $ 1.0290

SUPPORT LEVELS:
$ 1.0162 - $ 1.0132 - $ 1.0098

STRATEGY:
Neutral

Thursday, 06 Sep, 2012 / 2:56

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

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