September 13th,2013
Gold (spot) closed down on Thursday made its intraday high of US$1,366.21/ounce after setting intraday low of US$1,320.43/ounce. Gold went down by 3.24% at US$1,321.66/ounce.
Trading Strategy: Neutral
Buy on dips at 1307-1297with strict stop loss below 12971-hourly closing; targeting 1320-1334 and 1344-1352; break below 1297 will call for 1287-1274. Sell at strength at 1320-1334; targeting 1307-1297 and 1287-1294, upside breakage of 1334 will lead to 1344-1352.
Silver (spot) closed down on Thursday made its intraday high of US$23.22/ounce before setting intraday low of US$22.78/ounce. Silver settled 6.08% down at US$21.78/ounce
Trading Strategy: Neutral
Short positions at 23.35-23.65 with stop above 24.05; targeting 22.75-22.45 upside breakout of 24.05 will open the way to 24.50-24.90 and 25.40-25.90. Buyers can buy above 22.40-22.70, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.05 hourly closing.
Crude futures (Oct 2013) on Thursday made an intra‐day high of US$109.14/bbl and made an intraday low of US$107.29/bbl and settled up by 0.89%at US$108.71/bbl on session close
Trading Strategy:Neutral
Sell in-between 108.80-109.60 with risk above 109.70; targeting 106.90-106.30 and 105.30-104.50.Upside breakage of 109.70 will lead to 110.60-111.80. Buy in 106.30-107.50 with risk below 105.90; targeting 108.80-109.60 and 110.60.
EUR/USD on Thursday made an intra‐day low of US$1.3255/EUR and made an intraday high of US$1.3323/EUR and settled the day 0.086% down at US$1.3298/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, selling the pair 1.3290-1.3350 with risk above 1.3400; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3400 might call for 1.3460-1.3490. Buying can be done above1.3250-1.3190 targeting 1.3290-1.3395with stop-loss with four-hour closing below 1.3105
GBP/USD on Thursday made an intra‐day low of US$1.5774/GBP and made an intraday high of US$1.5838/GBP and settled the day down by -0.088% at US$1.5804/GBP on session close
Trading Strategy: Neutral
Based on the charts and explanations above; Sell below 1.5850, using a stop loss of 1.5920, targeting 1.5750-1.5700 and 1.5600. Buying above 1.5700-1.5645 targeting 1.5820 and 1.5875 with stop-loss four-hour closing below 1.5600; breakage below 1.5600 targeting 1.5550-1.5470
USD/JPY on Thursday an intra‐day low of JPY99.00/USD and made an intraday high of JPY99.98/USD and settled the day0.337% down at JPY99.55/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, sell below 100.20-100.80, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80might call for 101.20-101.80.Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.
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