February 3, 2014
Gold closed down on Friday and made its intraday high of US$1254.59/ounce a before setting intraday low of US$1238.23/ounce. Gold went up by 0.086% at US$1243.78/ ounce.
Trading Strategy: Neutral
Sell below 1252-1268; targeting 1250-1244 and 1232-1224, upside breakage of 1272 will lead to 1284-1290 and 1300. Buy on dips at 1226-1238 with strict stop loss below 1218 4-hourly closing; targeting 1250-1262 and 1268-1278. Breakage below 1218 will call for 1214-1207.
Silver closed down on Friday made its intraday high of US$19.47/ounce after setting intraday low of US$19.07/ounce. Silver settled 0.052% down at US$19.15/ounce.
Trading Strategy: Neutral
Sell on Strength at 19.40-20.25 with stop above 20.50; targeting 19.05-18.70 and 18.50; upside breakout of 20.50 will open the way to 21.05-21.55 and 22.40. Buyers can buy above 18.70-19.10 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.
Crude futures (Mar 2014) on Friday made an intra-day high of US$98.36/bbl and made an intraday low of US$97.08/bbl and settled down by 0.500% at US$97.46/bbl on session close.
Trading Strategy: Neutral
Buy above 96.40-95.40, targeting 96.30-97.05 and 97.90-98.50; stop loss below 93.60. Breakage below 95.40 will call for 94.70-94.20 and 93.40. Sell below 97.50- 99.30; targeting 97.50-96.40 and 95.40-94.70; upside breakage of 99.60 will lead to 100.70-101.50.
EUR/USD on Friday made an intra-day low of US$1.3578/EUR and made an intraday high of US$1.3572/EUR and settled the day down by 0.790% at US$1.3552/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3590-1.3690 targeting 1.3505-1.3450 and stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.375-1.3430 with risk below 1.3390, targeting 1.3590-1.3630 and 1.3730-1.3830.
GBP/USD on Thursday made an intra-day low of US$1.6482/GBP and made an intraday high of US$1.6566/GBP and settled the day down by 0.477% at US$1.6482/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Sell below 1.6480-1.6560, targeting 1.6550 and 1.6425-1.6300; breakage above 1.6600 will lead to 1.6690-1.6750. Buy above 1.6405-1.6300, targeting 1.6530-1.6600 and 1.6700; breakage below 1.6290 may target 1.6200 and 1.6140.
USD/JPY on Friday an intra-day low of JPY102.07/USD and made an intraday high of JPY 102.88/USD and settled the day 0.691% down at JPY 101.99/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 103.20-103.90, targeting 102.50-101.50 with stop above 104.90. Buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90 and 105.60.
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