Monday, June 10, 2013


Crude Oil (Jul 13) intraday: the bias remains bullish. 
  Pivot: 95.25
Our preference: LONG positions above 95.25 with 96.7 & 97.3 in sight.
Alternative scenario: The downside breakout of 95.25 will open the way to 93.75 & 92.4.
Comment: the RSI is above its neutrality area at 50%.
Trend: ST Range; MT Range
Key levels Comment
98.2** Intraday resistance
97.3** Intraday resistance
96.7** Intraday resistance
96.09 Last
95.25** Intraday pivot point
93.75** Intraday support
92.4** Intraday support


GOLD (Spot) intraday: under pressure. 
  Pivot: 1406.00
Our preference: SHORT positions below 1406 with targets @ 1374 & 1354.
Alternative scenario: The upside penetration of 1406 will call for a rebound towards 1423 & 1445.
Comment: gold prices have broken below the channel support. The 50 moving average is turning down. The downside prevails, as long as 1406 is resistance.
Trend: ST Bearish; MT Bearish
Key levels Comment
1445** Intraday resistance
1423** Intraday resistance
1406** Intraday pivot point
1384.84 Last
1374** Intraday support
1354** Intraday support
1338** Intraday support


EUR/USD intraday: the bias remains bullish. 
Pivot: 1.3180.
Our preference: LONG positions above 1.318 with 1.328 & 1.332 in sight.
Alternative scenario: The downside penetration of 1.318 will call for a slide towards 1.314 & 1.31.
Comment: the pair is facing a pull back on its support, the RSI calls for caution.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.3375** Intraday resistance
1.332** Intraday resistance
1.328*** Intraday resistance
1.3192 Last
1.318*** Intraday pivot point
1.314*** Intraday support
1.31*** Intraday support

Contact Us:

Asad Rasheed

For more information please visit our website century financial brokers.
 Here are some useful links that you can follow:
Here is a CFB blog that gives useful daily Gold Analysis on dailybasis.
You can also follow CFB on facebook (useful advice on posts regularly)

Here is another blog that provides regular news and information and is very useful for Forex Signals.
News Source: