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Trading Analysis - 9th April 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1636.16 - $1641.42 - $1649.57
Support Levels:
$ 1622.75 - $1614.60 - $1609.34
Strategy:
Buy on Dips
(Long above 1630, target 1649. Downward penetration of 1622 will call for 1609.)
Silver:
Resistance Levels:
$ 31.90 - $ 32.14 - $ 32.49
Support Levels:
$ 31.31- $ 30.96 - $ 30.72
Strategy:
Buy on Dips
(Long at 31.31, target 31.90 & 32.49.Downward penetration of 31.31 will call for 30.72)
Crude Oil:
Resistance Levels:
$ 103.95 - $ 104.67 - $ 105.97
Support Levels:
$ 101.93 - $ 100.63 - $ 99.91
Strategy:
Sell on Strength
(Short at 103.95, target 101.93 & 99.37. Upside penetration of 103.95 will call for 105.97)
Monday, 09 Apr, 2012 / 4:13
Source : http://www.acmgold.com/news-analysis
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