Trading news

Trading Analysis 8th June 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1619.3 - $ 1650.7 - $ 1670.6

Support Levels:
$ 1568.0 - $ 1548.1 - $ 1516.7

Strategy:
Sell on Strength

Sell below 1584. Target 1535. A break above 1584 might target 1608.5

Trade Balance @1730(GMT+5)hours.

Silver:
Resistance Levels:
$ 29.34 - $ 30.17 - $ 30.66


Support Levels:
$ 28.03 - $ 27.54 - $ 26.71

Strategy:
Sell on Strength

 

Sell Below 28.90. Target 27.41. A break above 28.90 might target 29.65

 

Crude Oil:
Resistance Levels:
$ 86.76 - $ 88.69 - $ 90.36

Support Levels:
$ 83.16 - $ 81.49 - $ 79.56

Strategy:
Sell on Strength

 

Sell below 84.58. Target 81.50. A break above 84.58 might call for 86.05

 

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2611 - $ 1.2660 - $ 1.2696

Support Levels:
$ 1.2526 - $ 1.2490 - $ 1.2441

Strategy:
Sell on Strength

 

GBPUSD :
Resistance Levels:

$ 1.5608 - $ 1.5689 - $ 1.5779

Support Levels:

$ 1.5437 - $ 1.5347 - $ 1.5266


Strategy:
Sell on Strength

PPI Input @1330(GMT+5)hours.

Consumer Inflation Expectations @1330(GMT+5)hours.


AUDUSD :
Resistance Levels:
$ 0.9972 - $ 1.0050 - $ 1.0098

Support Levels:
$ 0.9846 - $ 0.9798 - $ 0.9720

Strategy:
Sell on Strength

Friday, 08 Jun, 2012 / 3:32

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

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