September 2, 2013
Gold (spot) closed down on Friday made its intraday high of US$1,410.99/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.868% at US$1,394.73/ounce.
Trading Strategy: Neutral
Sell at strength at 1402-1416; targeting 1389-1384 and 1374-1364, upside breakage of 1424 will lead to 1334-1440 and 1448-1454. Buy on dips at 1374-1382 with strict stop loss below 1364 1-hourly closing; targeting 1402-1415 and 1424-1434; break below 1364 will call for 1354-1342.
Silver (spot) closed down on Friday made its intraday high of US$24.00/ounce before setting intraday low of US$23.51/ounce. Silver settled 1.34% down at US$23.51/ounce.
Trading Strategy: Neutral
Short positions at 24.40-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.
Crude futures (Oct 2013) on Friday made an intra‐day high of US$108.72/bbl and made an intraday low of US$106.73/bbl and settled down by 0.488% at US$107.63/bbl on session close.
Trading Strategy: Neutral
Sell in-between 106.40-107.50 with risk above 108.90; targeting 105.70-104.20 and 103.40-102.20. Buy above 103.40-104.50 using a stop loss of 102.20, targeting 106.40-107.50 and 108.20-108.90.
EUR/USD on Friday made an intra‐day low of US$1.3172/EUR and made an intraday high of US$1.3254/EUR and settled the day 0.135% down at US$1.3221/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above 1.3190-1.3120 targeting 1.3240-1.3290 and 1.3350-1.3390 with stop-loss with four-hour closing below 1.2990. Selling can 1.3240-1.3290 with risk above 1.3350; targeting 1.3190-1.3130 and 1.2990; alternatively, break above 1.3350 might call for 1.3420-1.3460 and 1.3490-1.3520.
GBP/USD on Friday made an intra‐day low of US$1.5461/GBP and made an intraday high of US$1.5526/GBP and settled the day down by 0.0038% at US$1.5502/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between 1.5590-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5410 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.
USD/JPY on Friday an intra‐day low of JPY97.87/USD and made an intraday high of JPY 98.46/USD and settled the day 0.172% down at JPY98.16/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.
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