TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1644.70 - $1650.20 - $1656.50
Support Levels:
$ 1632.90 - $1626.60 - $1621.10
Strategy:
Buy on Dips
Long above 1625, target 1638 and 1648. Downside penetration of 1625 may call for 1618.
Silver:
Resistance Levels:
$ 30.45 - $ 30.78 - $ 31.17
Support Levels:
$ 29.74 - $ 29.35 - $ 29.02
Strategy:
Buy on Dips
Long above 29.25, target 30.90. Downside penetration of 29.25 may call for 29.02
Crude Oil:
Resistance Levels:
$ 99.0 - $ 100.1 - $ 101.9
Support Levels:
$ 96.1 - $ 94.3 - $ 93.2
Strategy:
Range Trade
Market is likely to remain in the range of 96.15 and 98.75.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0250 - $ 1.0289 - $ 1.0360
Support Levels:
$ 1.0140 - $ 1.0069 - $ 1.0030
Strategy:
Sell on Strength
Annual Budget Release at 1430 (GMT+5)hours
GBPUSD :
Resistance Levels:
$ 1.6219 - $ 1.6250 - $ 1.6304
Support Levels:
$ 1.6134 - $ 1.6080 - $ 1.6049
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.3092 - $ 1.3129 - $ 1.3195
Support Levels:
$ 1.2989 - $ 1.2923 - $ 1.2886
Strategy:
Buy on Dips
French Bank Holiday! German Industrial Production at 1500 followed by ECB President Draghi Speaks at 1730 (GMT+5) hours
