Wednesday, June 12, 2013

Technical Analysis For Gold, Crude and Spot Market...

  GOLD TECHNICAL REPORT

 

GOLD (Spot) intraday: key ST resistance at 1389 

 

 

Pivot: 1389.00
Our preference: SHORT positions below 1389 with 1354 & 1338 as next targets.
Alternative scenario: The upside penetration of 1389 will call for a rebound towards 1402 & 1423.
Comment: as long as 1389 is resistance, likely decline to 1354.
Trend: ST Bearish; MT Bearish
Key levels Comment

1423** Intraday resistance
1402** Fib retracement (61.8%)
1389** Intraday pivot point
1378.63 Last
1354** Intraday support
1338** Intraday support
1322*** Intraday support

AUD/USD TECHNICALS


  AUD/USD intraday: further upside. 
 
Pivot: 0.941
Our preference: Long positions above 0.941 with targets @ 0.9535 & 0.962 in extension.
Alternative scenario: Below 0.941 look for further downside with 0.936 & 0.932 as targets.
Comment: the pair validated a Falling Wedge pattern calling for a rebound.
Key levels..

 RS
0.9655
0.962 
0.9535
0.9512 last
SP
0.9410
0.9360 
0.9320

USD/JPY TECHNICALS


  USD/JPY intraday: under pressure.

Pivot: 97.3
Our preference: Short positions below 97.3 with targets @ 95.5 & 94.95 in extension.
Alternative scenario: Above 97.3 look for further upside with 97.75 & 98.55 as targets.
Comment: the pair is rebounding but stands below its resistance.
Key levels
RS
98.55
97.75
97.3
96.92 last
SP
95.5
94.95
94.3

 US CRUDEOIL TECHNICALS

 

Crude Oil (Jun 13) MT: choppy.


Pivot: 90.10
Our Preference: the upside prevails, as long as 90.1 is support.
Alternative Scenario: Below 90.1 eye a drop towards 85.6 and 77.3 in extension.
Comment: sideways trading between 90.1 and 98.1. A break of this range to either side would be considered significant and certainly worth monitoring.
Trend: ST Range; MT Range, we have been neutral since 8 MAY 2013 (95.63).

Key levels Comment

106 Horizontal resistance
100.6 Horizontal resistance
98.1 Horizontal resistance
94.74 Last
90.1 Pivot point
85.6 Fib retracement (38.2%)
77.3 Horizontal support

 

 

 

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