1st April 2013
GOLD
Resistance Levels:
$ 1604.9 - $ 1612.9 - $ 1618.5
SUPPORT LEVELS:
$ 1591.3 - $ 1585.7 - $ 1577.3
STRATEGY:
Range Trade
Market might trade in the range of $1594-$1607. An upward penetration of this range might lead to $1615, while a downward breakage might lead to $1587.
Silver
Resistance Levels:
$ 28.79 - $ 29.13 - $ 29.42
SUPPORT LEVELS:
$ 28.16 - $ 27.87 - $ 27.53
STRATEGY:
Range Trade
Market might trade in the range of $27.90-$28.40. An upward penetration of this range might lead to $29.20, while a downward breakage might lead to $27.50.
Crude Oil
Resistance Levels:
$ 97.60 - $ 98.01 - $ 98.68
SUPPORT LEVELS:
$ 96.52 - $ 95.85 - $ 95.44
STRATEGY:
Buy on Dips
Buy above $95.10, using a stop loss of $94.40, targeting $97.80.
CURRENCIES
AUD / USD
Resistance Levels:
$ 1.0449 - $ 1.0484 - $ 1.0510
SUPPORT LEVELS:
$ 1.0388 - $ 1.0362 - $ 1.0327
STRATEGY:
Range Trade
Market might trade in the range of $1.0370-$1.0440. An upward penetration of this range might lead to $1.0480, while a downward breakage might lead to $1.0330.
GBP / USD
Resistance Levels:
$ 1.5229 - $ 1.5258 - $ 1.5317
SUPPORT LEVELS:
$ 1.5141 - $ 1.5082 - $ 1.5053
STRATEGY:
Range Trade
Market might trade in the range of $1.5140-$1.5270. An upward penetration of this range might lead to $1.5300, while a downward breakage might lead to $1.5080.
EUR / USD
Resistance Levels:
$ 1.2853 - $ 1.2893 - $ 1.2942
SUPPORT LEVELS:
$ 1.2764 - $ 1.2715 - $ 1.2675
STRATEGY:
Range Trade
Market might trade in the range of $1.2750-$1.2840. An upward penetration of this range might lead to $1.2950, while a downward breakage might lead to $1.2700.
USD / JPY
Resistance Levels:
$ 94.446 - $ 94.718 - $ 95.004
SUPPORT LEVELS:
$ 93.888 - $ 93.602 - $ 93.330
STRATEGY:
Range Trade
Market might trade in the range of 93.700-94.400. An upward penetration of this range might lead to 95.700, while a downward breakage might lead to 92.900.
GOLD
Resistance Levels:
$ 1604.9 - $ 1612.9 - $ 1618.5
SUPPORT LEVELS:
$ 1591.3 - $ 1585.7 - $ 1577.3
STRATEGY:
Range Trade
Market might trade in the range of $1594-$1607. An upward penetration of this range might lead to $1615, while a downward breakage might lead to $1587.
Silver
Resistance Levels:
$ 28.79 - $ 29.13 - $ 29.42
SUPPORT LEVELS:
$ 28.16 - $ 27.87 - $ 27.53
STRATEGY:
Range Trade
Market might trade in the range of $27.90-$28.40. An upward penetration of this range might lead to $29.20, while a downward breakage might lead to $27.50.
Crude Oil
Resistance Levels:
$ 97.60 - $ 98.01 - $ 98.68
SUPPORT LEVELS:
$ 96.52 - $ 95.85 - $ 95.44
STRATEGY:
Buy on Dips
Buy above $95.10, using a stop loss of $94.40, targeting $97.80.
CURRENCIES
AUD / USD
Resistance Levels:
$ 1.0449 - $ 1.0484 - $ 1.0510
SUPPORT LEVELS:
$ 1.0388 - $ 1.0362 - $ 1.0327
STRATEGY:
Range Trade
Market might trade in the range of $1.0370-$1.0440. An upward penetration of this range might lead to $1.0480, while a downward breakage might lead to $1.0330.
GBP / USD
Resistance Levels:
$ 1.5229 - $ 1.5258 - $ 1.5317
SUPPORT LEVELS:
$ 1.5141 - $ 1.5082 - $ 1.5053
STRATEGY:
Range Trade
Market might trade in the range of $1.5140-$1.5270. An upward penetration of this range might lead to $1.5300, while a downward breakage might lead to $1.5080.
EUR / USD
Resistance Levels:
$ 1.2853 - $ 1.2893 - $ 1.2942
SUPPORT LEVELS:
$ 1.2764 - $ 1.2715 - $ 1.2675
STRATEGY:
Range Trade
Market might trade in the range of $1.2750-$1.2840. An upward penetration of this range might lead to $1.2950, while a downward breakage might lead to $1.2700.
USD / JPY
Resistance Levels:
$ 94.446 - $ 94.718 - $ 95.004
SUPPORT LEVELS:
$ 93.888 - $ 93.602 - $ 93.330
STRATEGY:
Range Trade
Market might trade in the range of 93.700-94.400. An upward penetration of this range might lead to 95.700, while a downward breakage might lead to 92.900.