Pound storms higher as Tories win; stocks hit new records on US-China deal
Cable touches $1.35 as Conservatives win majority – but mind [...]
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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
Tories Win the UK Elections, US and China Agree on “Phase One” Deal
The pound skyrocketed overnight, outperforming all the other G10 currencies, [...]
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For more analysis check out, please click the below link: Market Analysis by [...]
