TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1653.2 - $1661.2 - $1674.4
Support Levels:
$ 1632.00 - $1618.8 - $1610.8
Strategy:
Sell on Strength
Short below 1650, target 1630. Upside penetration of 1650 could see 1661 and 1674.
Silver:
Resistance Levels:
$ 30.68 - $ 30.93 - $ 31.38
Support Levels:
$ 29.98 - $ 29.53 - $ 29.28
Strategy:
Sell on Strength
Short below 30.75, target 29.25. Upside penetration of 30.75 could see 31.00.
Crude Oil:
Resistance Levels:
$ 101.6 - $ 104.8 - $ 106.8
Support Levels:
$ 96.4 - $ 94.4 - $ 91.2
Strategy:
Range Trade
Market is likely to remain in the range of 96.40 and 100.20
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0241 - $ 1.0313 - $ 1.0349
Support Levels:
$ 1.0133 - $ 1.0097 - $ 1.0025
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6186 - $ 1.6225 - $ 1.6248
Support Levels:
$ 1.6124 - $ 1.6101 - $ 1.6062
Strategy:
Range Trade
Note: Bank Holiday!
EURUSD :
Resistance Levels:
$ 1.3146 - $ 1.3211 - $ 1.3244
Support Levels:
$ 1.3048 - $ 1.3015 - $ 1.2950
Strategy:
Range Trade
Sentix Investor Confidence at 1330 followed by German Factory Orders at 1500 (GMT+5)