Muted jubilation as Evergrande makes debt payment
Relief as Evergrande averts default but China’s property [...]
Trading news
Trading Analysis 9th July 2012
Gold:
Resistance Levels:
$ 1600.9 - $ 1622.8 - $ 1635.1
Support Levels:
$ 1566.7 - $ 1554.4 - $ 1532.5
Strategy:
Buy on Dips
Buy above $1575 targeting $1595.00. A fall below $1575 will lead to $1560
Draghi Speaks @ 1730 (GMT + 5)
Silver:
Resistance Levels:
$ 27.508 - $ 28.097 - $ 28.398
Support Levels:
$ 26.618 - $ 26.317 - $ 25.728
Strategy:
Buy on Dips
Buy above $26.90 targeting $27.60. A fall below $26.90 will lead to $26.10
Crude Oil:
Resistance Levels:
$ 86.38 - $ 88.31 - $ 89.49
Support Levels:
$ 83.27 - $ 82.09 - $ 80.16
Strategy:
Buy on Dips
Buy above $84.00 targeting $86.30. A fall below $84.00 will lead to $82.19
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0276 - $ 1.0341 - $ 1.0390
Support Levels:
$ 1.0162 - $ 1.0113 - $ 1.0048
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5537- $ 1.5588 - $ 1.5627
Support Levels:
$ 1.5447 - $ 1.5408 - $ 1.5357
Strategy:
Buy on Dips
MPC Member Tucker speaks @1830 (GMT + 5)
EURUSD :
Resistance Levels:
$ 1.2371 - $ 1.2457 - $ 1.2512
Support Levels:
$ 1.2230 - $ 1.2175 - $ 1.2089
Strategy:
Buy on Dips
Monday, 09 Jul, 2012 / 5:41
Source : http://www.acmgold.com/news-analysis
Trading news
U.S companies achieved their third quarter profit target
More than 85% of S&P 500 companies beat expectations in the third quarter. [...]
Evergrande jitters return, yen climbs, dollar steady
Evergrande shares plunge after sale of unit falls through, mood [...]
