Wednesday, June 8, 2011

Trade Recommendation for June 8, 2011

Gold:

Support: 1537.00, 1532.00, 1523.00, 1519.00, 1513.00
Resistance: 1549.00, 1556.00, 1562.00, 1575.00, 1580.00

Our opinion is, buying gold around 1537.00 gradually targeting 1556.00,1560.00 and 1581.00, while the stop loss is a daily closing below 1523.00 might be appropriate.

Silver:

Support: 36.35, 36.15, 35.65, 35.00, 34.80
Resistance: 37.00, 37.45, 37.75, 38.00, 38.40

Our opinion is, selling silver around 37.00 gradually targeting 35.65, 34.80 and 33.90 , while the stop loss is a daily closing above 38.00 might be appropriate.

Crude Oil:

Support: 98.00, 97.70, 96.60, 96.30, 95.05
Resistance: 99.05, 100.70, 101.05, 101.80, 102.20

Our opinion is selling crude around 99.05, and take profit in stages at 98.00 and 96, 60. Stop loss with daily closing above 100.70 might be appropriate for today

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...