June 19, 2013
Gold (spot) closed upon Tuesday made its intraday high of US$1385.81/ounce before setting intraday low of US$1360.91/ounce. Gold went up by 1.265% at US$1367.20/ounce.
Trading Strategy: Neutral
Sell at strength at 1371-1383; targeting 1374-1361 and 1355-1344, upside breakage of 1395 will lead to 1401-1405 and 1412-1421. Buy on dips at 1344-1360 with strict stop loss below 13361-hourly closing; targeting 1371-1381 and 1394-1400 and 1414-1424; break below 1336 will call for 1334-1323.
Silver (spot) closed down on Tuesday made its intraday high of US$21.95/ounce before setting intraday low of US$21.52/ounce. Silver settled 0.779% down at US$21.65/ounce.
Trading Strategy: Neutral
Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00.
Crude futures (July 2013) on Tuesday made an intra-day high of US$98.64/bbl and made an intraday low of US$97.40/bbl and settled up by 0.694%at US$98.58/bbl on session close.
Trading Strategy: Neutral
Expect continuation towards 99.19, with immediate supports around 97.05 and 95.72. Additional strength can stride for 103 – 104.80. Immediate supports reside around 97.05 and 95.72.Stay long with risk below 96.03.
EUR/USD on Tuesday made an intra‐day low of US$1.3325/EUR and made an intraday high of US$1.3414/EUR and settled the day 0.202% up at US$1.3391/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buying the pair above1.3280-1.3320 targeting 1.3390 and 1.3450with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240.
GBP/USD on Tuesday made an intra‐day low of US$1.5564/GBP and made an intraday high of US$1.5722/GBP and settled
Trading Strategy: Neutral
Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5630-1.5590targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465.
USD/JPY on Tuesday an intra‐day low of JPY94.42/USD and made an intraday high of JPY95.75/USD and settled the day 0.867% up at JPY95.30/USD on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 93.90, using a stop loss of 92.40, targeting 95.60-96.80. Sell below 96.40-96.90, using a stop loss of 97.30, targeting 93.10 and 92.30.
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