Trading news

Trading Analysis 9th August 2012

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.

Thursday, 09 Aug, 2012 / 3:19

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

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