Trading news

Trading Analysis - 9th May 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1630.80 - $1657.20 - $1674.80

Support Levels:
$ 1586.80 - $1569.20 - $1542.80

Strategy:
Neutral

Good levels to sell: 1595, 1601.60, 1608.70
Good levels to buy: 1590.20, 1581.10, 1572

U.S. 10 year bond auction at 2200 (GMT+5) hours

Silver:
Resistance Levels:
$ 30.01 - $ 30.56 - $ 31.00

Support Levels:
$ 29.02 - $ 28.58 - $ 28.03

Strategy:
Neutral

Buy above 29. But if market goes below 28.5, then it might go to 28. 

Crude Oil:
Resistance Levels:
$ 98.25 - $ 99.48 - $ 100.85

Support Levels:
$ 95.65 - $ 94.28- $ 93.05

Strategy:
Range Trade

Oil will likely remain between 95.5 and 98.10 

Crude Oil Inventories at 1930 (GMT+5) hours

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0179 - $ 1.0260 - $ 1.0307

Support Levels:
$ 1.0051 - $ 1.0004 - $ 0.9923

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:
$ 1.6180 - $ 1.6216 - $ 1.6245

Support Levels:
$ 1.6115 - $ 1.6086 - $ 1.6050

Strategy:
Sell on Strength

EURUSD :
Resistance Levels:
$ 1.3039 - $ 1.3087 - $ 1.3116

Support Levels:
$ 1.2962 - $ 1.2933 - $ 1.2885

Strategy:
Sell on Strength

Wednesday, 09 May, 2012 / 4:40

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

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