January 17, 2014
Gold (spot) closed up on Thursday and made its intraday high of US$1245.08/ounce a before setting intraday low of US$ 1236.22/ounce. Gold went up by 0.028% at US$ 1242.18/ounce.
Trading Strategy: Neutral
Sell below 1244-1254; targeting 1224-1214 and 1207-1190, upside breakage of 1258 will lead to 1268-1278.Buy on dips at 1232-1220 with strict stop loss below 12181-hourly closing; targeting 1254-1268. Breakage below 1218 will call for 1207-1198.
Silver (spot) closed down on Thursday made its intraday high of US$20.25/ounce after setting intraday low of US$19.96/ounce. Silver settled 0.495% down at US$20.10/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.20-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.
Crude futures (Oct 2013) on Thursday made an intra‐day high of US$94.63/bbl and made an intraday low of US$93.58/bbl and settled down by 0.159%at US$94.14/bbl on session close.
Trading Strategy: Neutral
Buy above 92.20-93.10, targeting 93.50-94.20 and 95.60-96.50; stop loss below 91.10. Breakage below 91.10 will call for 90.10-89.20. Sell below 94.20-95.60; targeting 92.50-92.10 and 91.70-91.20; upside breakage of 96.05 will lead to 97.10-97.80.
EUR/USD on Thursday made an intra‐day low of US$1.3582/EUR and made an intraday high of US$1.3648/EUR and settled the day up by 0.102% at US$1.3618/EUR on session close.
Trading Strategy: Neutral
Based on the today’s market, sell below 1.3660-1.3790 targeting 1.3605-1.3550 and 1.3490 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3600-1.3500 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.
GBP/USD on Thursday made an intra‐day low of US$1.6313/GBP and made an intraday high of US$1.6382/GBP and settled the day down by 0.097% at US$1.6352/GBP on session close.
Trading Strategy: Neutral
Based on the today’s market, Sell in between 1.6340-1.6410 with risk above 1.6490; targeting 1.6300-1.6240 and 1.6120.Buy above 1.6300-1.6240, targeting 1.6500-1.6550; breakage below 1.6240 may target 1.6200-1.6140.
USD/JPY on Thursday an intra‐day low of JPY104.14/USD and made an intraday high of JPY104.91/USD and settled the day 0.200% down at JPY104.33/USD on session close.
Trading Strategy: Neutral
Based on the today’s market, sell below 105.50, targeting 104.90-104.20 and 103.20. Buyon dips around 103.90-103.20, using a stop loss of below 102.50; targeting 105.60.
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