TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1621.0 - $ 1627.0 - $ 1634.6
Support Levels:
$ 1607.4- $ 1599.8 - $ 1593.8
Strategy:
Buy on Dips
Long above $1605-$1608, put stop loss below $1594, target $1618-$1629. A fall below $1594 may show $1585. If it breaks $1600, market may target & $1594 & $1585.
U.S. Trade Balance & Unemployment Claims @ 1800 (GMT+5) hours.
Silver:
Resistance Levels:
$ 28.25 - $ 28.51 - $ 28.80
Support Levels:
$ 27.70 - $ 27.41 - $ 27.15
Strategy:
Buy on Dips
Long above $27.80, put stop loss below $27.60, target $28.15 - $28.40. A fall below $27.60 may show $27.30 & $27.05.
Crude Oil:
Resistance Levels:
$ 94.51 - $ 95.57 - $ 96.41
Support Levels:
$ 92.61 - $ 91.77 - $ 90.71
Strategy:
Neutral
Oil is expected to trade in the range of $92.10 - $95.00. if it breaks $95.00 on the above side, market may show $98.00. and if it breaks $92.10 on the down side, it may call for $90.60 & $88.80.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0588 - $ 1.0611 - $ 1.0640
Support Levels:
$ 1.0536 - $ 1.0507 - $ 1.0484
Strategy:
Neutral
GBPUSD :
Resistance Levels:
$ 1.5696 - $ 1.5739 - $ 1.5801
Support Levels:
$ 1.5591 - $ 1.5529 - $ 1.5486
Strategy:
Neutral
Trade Balance @ 1200 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2402 - $ 1.2439 - $ 1.2478
Support Levels:
$ 1.2326 - $ 1.2387 - $ 1.2250
Strategy:
Neutral
ECB monthly bulletin @ 1330( GMT+5) hours.