5th March 2013
GOLD
Resistance Levels:
$ 1581.6 - $ 1590.7 - $ 1597.2
SUPPORT LEVELS:
$ 1566.0 - $ 1559.5 - $ 1550.4
STRATEGY:
Range Trade
Might trade in the range of $1570-$1587. An upside penetration might call for $1600, and a downward breakage might call for $1560.
Silver
Resistance Levels:
$ 28.73 - $ 28.96 - $ 29.11
SUPPORT LEVELS:
$ 28.34 - $ 28.19 - $ 27.96
STRATEGY:
Range Trade
Might trade in the range of $28.30-$28.90. An upside penetration might call for $29.40, and a downward breakage might call for $27.90.
Crude Oil
Resistance Levels:
$ 90.91 - $ 91.70 - $ 92.49
SUPPORT LEVELS:
$ 89.33 - $ 88.54 - $ 87.75
STRATEGY:
Sell on Strength
Sell below $91.00, using a stop loss of $91.50, targeting $89.45.
CURRENCIES
AUD / USD
Resistance Levels:
$ 1.0232 - $ 1.0263 - $ 1.0323
SUPPORT LEVELS:
$ 1.0141 - $ 1.0081 - $ 1.0050
STRATEGY:
Buy on Dips
Buy above $1.0200, using a stop loss of $1.0150, targeting $1.0300.
GBP / USD
Resistance Levels:
$ 1.5177 - $ 1.5227 - $ 1.5317
SUPPORT LEVELS:
$ 1.5037 - $ 1.4947 - $ 1.4897
STRATEGY:
Sell on Strength
Sell below $1.5180, using a stop loss of $1.5300, targeting $1.4970.
EURO / USD
Resistance Levels:
$ 1.3054 - $ 1.3076 - $ 1.3112
SUPPORT LEVELS:
$ 1.2996 - $ 1.2960 - $ 1.2938
STRATEGY:
Sell on Strength
Sell below $1.3100, using a stop loss of $1.3190, targeting $1.2980.
GOLD
Resistance Levels:
$ 1581.6 - $ 1590.7 - $ 1597.2
SUPPORT LEVELS:
$ 1566.0 - $ 1559.5 - $ 1550.4
STRATEGY:
Range Trade
Might trade in the range of $1570-$1587. An upside penetration might call for $1600, and a downward breakage might call for $1560.
Silver
Resistance Levels:
$ 28.73 - $ 28.96 - $ 29.11
SUPPORT LEVELS:
$ 28.34 - $ 28.19 - $ 27.96
STRATEGY:
Range Trade
Might trade in the range of $28.30-$28.90. An upside penetration might call for $29.40, and a downward breakage might call for $27.90.
Crude Oil
Resistance Levels:
$ 90.91 - $ 91.70 - $ 92.49
SUPPORT LEVELS:
$ 89.33 - $ 88.54 - $ 87.75
STRATEGY:
Sell on Strength
Sell below $91.00, using a stop loss of $91.50, targeting $89.45.
CURRENCIES
AUD / USD
Resistance Levels:
$ 1.0232 - $ 1.0263 - $ 1.0323
SUPPORT LEVELS:
$ 1.0141 - $ 1.0081 - $ 1.0050
STRATEGY:
Buy on Dips
Buy above $1.0200, using a stop loss of $1.0150, targeting $1.0300.
GBP / USD
Resistance Levels:
$ 1.5177 - $ 1.5227 - $ 1.5317
SUPPORT LEVELS:
$ 1.5037 - $ 1.4947 - $ 1.4897
STRATEGY:
Sell on Strength
Sell below $1.5180, using a stop loss of $1.5300, targeting $1.4970.
EURO / USD
Resistance Levels:
$ 1.3054 - $ 1.3076 - $ 1.3112
SUPPORT LEVELS:
$ 1.2996 - $ 1.2960 - $ 1.2938
STRATEGY:
Sell on Strength
Sell below $1.3100, using a stop loss of $1.3190, targeting $1.2980.