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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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