Friday, June 20, 2014

support and resistance

GOLD
Resistance Levels: $ 1315 - $ 1330 - $ 1344
Support Levels: $ 1306 - $ 1293 - $ 1284
STRATEGY:Neutral
Buy above $1293, using a stop loss of $1276, targeting $1315-30.
Alternatively, break below $1300 might call for $1276.





SILVER
Resistance Levels: $ 21.02 - $ 21.30 - $ 21.70
Support Levels:$ 20.80 - $ 20.40 - $ 20.15
STRATEGY:Neutral
Buy above $20.15 using a stop loss of $19.80, targeting $21-21.70.
Alternatively, break below $20.40 might call for $19.80.



CRUDE OIL
Resistance Levels: $ 107.50 - $ 108.23 - $ 110.49
Support Levels:$ 106.40 - $ 105.70 – $ 104.80
STRATEGY:Neutral
Buy above $104.80, using a stop loss of $103.80, targeting $107.50.
Sell below $107.50, using a stop loss of $108.20, targeting $105.70-104.80.



AUD / USD
Resistance Levels: $ 0.9430 - $ 0.9530 - $ 0.9620
Support Levels:$ 0.9390 - $ 0.9340 – $ 0.9310
STRATEGY:Neutral
Buy above $0.9340, using a stop loss of $0.9250, targeting $0.9430-0.9530.
Alternatively, failure to break above $0.9430 might call for $0.9310.


GBP / USD
Resistance Levels: $ 1.7060 - $ 1.7190 – $ 1.7250
Support Levels:$ 1.6990 - $ 1.6910 - $ 1.6850
STRATEGY:Buy on Dips
Buy above $1.6990, using a stop loss of $1.6910, targeting $1.7060-1.7200.
Alternatively, break below $1.6990 might call for $1.6850.



EUR / USD
Resistance Levels: $ 1.3660 - $ 1.3710 - $ 1.3770
Support Levels: $ 1.3620 - $ 1.3550 - $ 1.3510
STRATEGY:Neutral
Buy above $1.3550, using a stop loss of $1.3510, targeting $1.3660-1.3710.
Sell below $1.3710, using a stop loss of $1.3770, targeting $1.3620-1.3550.


USD / JPY
Resistance Levels: 102.10 - 102.80 – 103.40
Support Levels: 101.70 - 101.20 – 100.50
STRATEGY:Neutral
Sell below 102.80, using a stop loss of 103.40, targeting 101.70-101.20.
Buy above 101.20, using a stop loss of 100.50, targeting 102.10-102.80.

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