July 29, 2013
Gold (spot) closed down on Friday made its intraday high of US$1,340.55/ounce after setting intraday low of US$1,312.34/ounce. Gold went down by 0.055% at US$1,333.39/ounce.
Trading Strategy: Neutral
Sell at strength at 1338-1346; targeting 1324-1315 and 1309-1301, upside breakage of 1352 will lead to 1358-1364 and 1369-1374. Buy on dips at 1309-1301 with strict stop loss below 1294 1-hourly closing; targeting 1338-1346 and 1352-1364; break below 1294 will call for 1288-1282.
Silver (spot) closed down on Friday made its intraday high of US$20.35/ounce after setting intraday low of US$19.65/ounce. Silver settled 1.235% down at US$19.98/ounce.
Trading Strategy: Neutral
Short positions at 20.05-20.50 with stop above 20.90; targeting 19.70 and 19.40-19.10, upside breakout of 20.90 will open the way to 21.20-21.60. Buyers can buy above 19.10-19.60, targeting 20.30-20.60 and 20.80-21.30 with risk below 18.70.
Crude futures (July 2013) on Thursday made an intra‐day high of US$105.62/bbl and made an intraday low of US$103.89/bbl and settled down by 0.881% at US$104.60/bbl on session close.
Trading Strategy: Neutral
Sell in-between 104.90-106.30 with risk above 107.50; targeting 103.90 and 103.20-102.40. Buy above 103.60-102.40 using a stop loss of 102.20, targeting 105.50-106.90 and 107.50-108.60.
EUR/USD on Thursday made an intra‐day low of US$1.3164/EUR and made an intraday high of US$1.3295/EUR and settled the day 0.590% up at US$1.3276/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3230-1.3170 targeting 1.3240-1.3320 and 1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3270-1.3290 with risk above 1.3320; targeting 1.3170-1.3120 and 1.3005-1.2905; alternatively, break above 1.3320 might call for 1.3410-1.3490.
GBP/USD on Thursday made an intra‐day low of US$1.5262/GBP and made an intraday high of US$1.5433/GBP and settled the day up by 0.502% at US$1.5388/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.5400-1.5490, targeting 1.5290-1.5240 and 1.5150-1.5070. Buying can be done 1.5290-1.5240 targeting 1.5360-1.5400 and 1.5535; stop-loss with four-hour closing below 1.5190. Alternatively, a break below 1.5190 might call for 1.5150-1.5070.
USD/JPY on Thursday an intra‐day low of JPY98.88/USD and made an intraday high of JPY 100.44/USD and settled the day 0.965% up at JPY99.27/USD on session close.
Trading Strategy: Neutral
Based on today’s market, our opinion is selling the pair below 100.80-101.50 targeting 99.940-98.20 and 97.60-97.05 and stop-loss with four-hour closing above 101.20. Buy above 99.40, using a stop loss of 98.90, targeting 101.50-102.00 and 102.40.
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