April 15, 2013
Gold (spot) closed down on Friday made its intraday high of US$1,564.73/ounce after setting intraday low of US$1,482.06/ounce. Gold went down by 5.04% at US$1,482.06/ounce.
Trading Strategy:
Neutral to NegativeSell at strength at 1469-1484; targeting 1430-1400 and 1390-1375, upside breakage of 1490 will lead to 1505-1520 and 1530-1550. Buy on dips at 1424-1400 with strict stop loss below 1390 4-hourly closing; targeting 1460-1480 and 1490-1520.
Silver (spot) closed down on Friday made its intraday high of US$27.72/ ounce before setting intraday low of US$25.95/ounce. Silver settled 5.97% down at US$26.00/ounce.
Trading Strategy:
Neutral to NegativeSHORT positions at 24.75-24.95 with stop above 25.40; targeting 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 24.20-23.90 with risk below 23.70 hourly closing, targeting 24.75-24.90 and 25.40-25.70.
Crude futures (May 2013) on Friday made an intra‐day high of US$93.53/bbl and made an intraday low of US$90.27/bbl and settled down by 2.37% at US$91.29/bbl on session close.
Trading Strategy:
NeutralToday, sell in above 90.40-91.20 with risk above 92.60 (4-hourly Closing); targeting 88.80-87.30.
EUR/USD on Friday made an intra‐day low of US$ 1.3098/EUR and made an intraday high of US$1.3126/EUR and settled the day 0.083% up at US$1.3109/EUR on session close.
Trading Strategy:
NeutralBased on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.
GBP/USD on Friday made an intra‐day low of US$1.5337/GBP and made an intraday high of US$1.5408/GBP and settled the day down by 0.292% at US$1.5338/GBP on session close.
Trading Strategy:
NeutralBased on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.
USD/JPY on Friday an intra‐day low of JPY98.08/USD and made an intraday high of JPY 99.79/USD and settled the day 1.282% down at JPY98.38/USD on session close.
Trading Strategy:
NeutralBased on the charts and explanations above, buying the pair above 98.40 targeting 98.90-99.50 then 100.30 and stop-loss with four-hour closing below 97.10. Sell Below 99.90 with stop above 100.10; targeting 99.50-98.50 breakage above 100.10 will lead to further upside towards 100.50-101.30.
http://www.ikonfinance.com/