21st January 2013 TECHNICALS
GOLD
Resistance Levels:
$ 1693.6 - $ 1700.3 - $ 1705.4
SUPPORT LEVELS:
$ 1681.8 - $ 1676.7 - $ 1670.0
STRATEGY:
Range Bound
Might trade in the range of $1682-$1698. Upside penetration might call for $1705, while a downward breakage might call for $1675.
Silver
Resistance Levels:
$ 32.15 - $ 32.38 - $ 32.62
SUPPORT LEVELS:
$ 31.68 - $ 31.44 - $ 31.21
STRATEGY:
Range Bound
Might trade in the range of $31.20-$32.20. Upside penetration might call for $32.70, while a downward breakage might call for $30.80.
Crude Oil
Resistance Levels:
$ 96.33 - $ 96.61 - $ 97.10
SUPPORT LEVELS:
$ 95.56 - $ 95.07 - $ 94.79
STRATEGY:
Sell on Strength
Sell below $ 95.60, using a stop loss of $95.80, targeting $94.00
GOLD
Resistance Levels:
$ 1693.6 - $ 1700.3 - $ 1705.4
SUPPORT LEVELS:
$ 1681.8 - $ 1676.7 - $ 1670.0
STRATEGY:
Range Bound
Might trade in the range of $1682-$1698. Upside penetration might call for $1705, while a downward breakage might call for $1675.
Silver
Resistance Levels:
$ 32.15 - $ 32.38 - $ 32.62
SUPPORT LEVELS:
$ 31.68 - $ 31.44 - $ 31.21
STRATEGY:
Range Bound
Might trade in the range of $31.20-$32.20. Upside penetration might call for $32.70, while a downward breakage might call for $30.80.
Crude Oil
Resistance Levels:
$ 96.33 - $ 96.61 - $ 97.10
SUPPORT LEVELS:
$ 95.56 - $ 95.07 - $ 94.79
STRATEGY:
Sell on Strength
Sell below $ 95.60, using a stop loss of $95.80, targeting $94.00