October 1, 2013
Gold (spot) closed upon Monday made its intraday high of US$1,352.21/ounce before setting intraday low of US$1,322.69/ounce. Gold went down by 1.023% at US$1,328.85/ounce.
Trading Strategy: Neutral
Sell at strength at 1334-1344 targeting 1325-1319 and 1309-1301, upside breakage of 1354 will lead to 1361-1369 and 1376. Buy on dips at 1312-1305 with strict stop loss below 13011 hourly closing targeting 1344-1354 and 1361-1369 break below 1305 will call for 1301-1294 and 1286-1375.
Silver (spot) closed down on Monday made its intraday high of US$22.06/ounce after setting intraday low of US$21.42/ounce. Silver settled 0.461% down at US$21.67/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.05-21.40 targeting 22.05-22.35 and 22.75-23.05 with risk below 20.90 hourly closing. Short positions at 22.05-22.75 with stop above 22.95 targeting 21.40-21.10 and 20.75-20.50 upside breakout of 23.05 will open the way to 23.30-23.75.
Crude futures (Oct 2013) on Monday made an intraday high of US$103.75/bbl and made an intraday low of US$102.35/bbl and settled down by 0.486% at US$102.82/bbl on session close.
Trading Strategy: Neutral
Sell in between 102.90-103.80 with risk above 104.80 targeting 101-100.20 upside breakage of 104.80 will lead to 105.30-106.60 and 106.90-107.50. Buy in between 101.00-101.50 with risk below 101.00 hourly closing targeting 102.20-103.20 and 104.80-105.30. Breakage below 101 will call for 100.20-99.25.
EUR/USD on Monday made an intraday low of US$1.3476/EUR and made an intraday high of US$1.3555/EUR and settled the day 0.244% up at US$1.3524/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, selling the pair 1.3520-1.3590 with risk above 1.3690 targeting 1.3450 and 1.3380-1.3320. Buying can be done above 1.3480-1.3395 targeting 1.3490-1.3550 and 1.3590-1.3620 with stop loss with four hour closing below 1.3350.
GBP/USD on Monday made an intraday low of US$1.6127/GBP and made an intraday high of US$1.6202/GBP and settled the day up by 0.266% at US$1.6187/GBP on session close.
Trading Strategy: Neutral
Based on today’s market , buying above 1.6170-1.6125 targeting 1.6302-1.6390 with stop loss four hour closing below 1.5990 breakage below 1.5990 targeting 1.5910-1.5875 and 1.5820-1.5750.
USD/JPY on Monday an intraday low of JPY97.49/USD and made an intraday high of JPY98.43/USD and settled the day 0.563% down at JPY98.20/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 98.50-99.50, using a stop loss of 100.00, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.00 might call for 100.80-101.20 and 101.80. Buy above 97.60-96.80, using a stop loss of below 96.30, targeting 98.90-99.90 and 100.20-100.80.
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