Trading news

Trading Analysis - 7th March 2012

TECHNICAL's IN FOCUS

GOLD

Resistance Levels:
$ 1700.10 - $ 1728.20 - $ 1746.50

Support Levels:
$ 1653.70 - $1635.40 - $1607.30

Strategy:
Sell on strength

(Sell Below $1693.22 targeting $1640. A break above $1693.22 will call for $1720.)

 

SILVER 

Resistance Levels: 

$ 33.829 - $ 34.874 - $ 35.544

Support Levels:
$ 32.114- $ 31.444 - $ 30.399

Strategy:
Buy on Dips

(Buy above $32.85 targeting $34.52. A break above $32.85 will call for $31.53.)

 

 

CRUDE OIL

Resistance Levels:
$ 106.52 - $ 108.35 - $ 109.35

Support Levels:
$ 103.69 - $ 102.69 - $ 100.86

Strategy:
Buy on Dips

(Buy above $103.41 targeting $107.26.a break below $103.41 will call for $101.31.)

Wednesday, 07 Mar, 2012 / 6:39

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

Trading news

 

Australia Retail Sales And The Next RBA Rate Hike

There is a significant discrepancy between three key groups that are important [...]

Posted on Thursday, 25 Nov, 2021 / 11:46 under

Fed teases faster taper, dollar steamrolls rivals

  Dollar slices higher after strong US data and Fed [...]

Posted on Thursday, 25 Nov, 2021 / 10:50 under

ASIA PACIFIC STOCKS MIXED AMID HIGH VOLATILITY

Japanese markets settled lower after investors returned from a holiday on [...]

Posted on Thursday, 25 Nov, 2021 / 10:30 under