February 18, 2014
Gold closed up on Monday and made its intraday high of US$1329.69/ounce a before setting intraday low of US$1318.27/ounce. Gold went up by 0.742% at US$1328.34/ ounce.
Trading Strategy: Neutral
Buy on dips at 1300-1310 with strict stop loss below 1290 4-hourly closing; targeting 1330-1337 and 1350. Breakage below 1290 will call for 1284-1274. Sell below 1330-1338 with risk above 1338; targeting 1350-1374.
Silver closed up on Monday made its intraday high of US$21.97/ounce after setting intraday low of US$21.45/ounce. Silver settled 1.310% up at US$21.80/ounce.
Trading Strategy: Neutral
Buyers can buy above 21.40-20.95 targeting 22.00-22.60 with risk below 20.60 hourly closing. Sell on Strength at 22.00-22.90 with stop above 23.05; targeting 21.40-21.10 and 20.90-20.45; upside breakout of 23.00 will open the way to 23.60- 25.00.
Crude futures (Mar 2014) on Monday made an intra-day high of US$101.12/bbl and made an intraday low of US$100.22/bbl and settled down by 0.588% at US$100.88/ bbl on session close.
Trading Strategy: Neutral
Sell below 101.00-101.70; targeting 99.50-98.50 and 97.50-96.40; upside breakage of 101.70 will lead to 102.50. Buy above 99.90-98.50, targeting 101.00 and 101.70- 102.50; stop loss 4-hour below 97.00. Breakage below 97.00 will call for 96.40- 95.30 and 94.70-94.20.
EUR/USD on Monday made an intra-day low of US$1.3691/EUR and made an intraday high of US$1.3722/EUR and settled the day down by 0.014% at US$1.3705/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3660- 1.3550 with risk below 1.3490, targeting 1.3740-1.3830. Sell below 1.3745 targeting 1.3660-1.3550 and stop-loss at 4-hour closing above 1.3810.
GBP/USD on Monday made an intra-day low of US$1.6694/GBP and made an intraday high of US$1.6821/GBP and settled the day down by 0.322% at US$1.6711/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6670-1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380. Sell below 1.6800- 1.6900 with risk above 1.6900; targeting 1.6670-1.6620 and 1.6530-1.6480.
USD/JPY on Monday an intra-day low of JPY101.37/USD and made an intraday high of JPY 101.97/USD and settled the day 0.275% down at JPY 101.90/USD on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90. Buy on dips around 101.00- 100.50, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90- 104.90.
http://www.ikonfinance.com/