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Trading Analysis - 9th March 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1707.80 - $ 1716.90 - $ 1729.00

Support Levels:
$ 1686.60 - $1674.50 - $1665.40

Strategy:

Buy on Dips

(Buy above 1687, targeting 1712. A fall below 1687 will call for 1662).

Note of Caution:USD NFP Data at 1830 hours GMT +5(Do not leave open positions )

 

 

Silver:
Resistance Levels:
$ 34.22 - $ 34.62 - $ 35.05

Support Levels:
$ 33.40- $ 32.97 - $ 32.57

Strategy:
Buy on Dips

(Buy above 33.55 targeting 34.52. A fall below 33.55 will call for 32.85).

Note of Caution:USD NFP Data at 1830 hours GMT +5(Do not leave open positions )

 

 

Crude Oil:
Resistance Levels:
$ 107.24 - $ 107.90 - $ 108.60

Support Levels:
$ 105.88 - $ 105.18 - $ 104.52

Strategy:
Buy on Dips

 (Buy above 106.37, targeting 108.61. A fall below 106.37 will call for 105.42).  

Note of Caution:USD NFP Data at 1830 hours GMT +5(Do not leave open positions )

Friday, 09 Mar, 2012 / 10:03

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

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