March 17, 2014
Gold closed up on Friday and made its intraday high of US$1387.51/ounce a before setting intraday low of US$1367.93/ounce. Gold went up by 0.938% at US$1382.51/ ounce.
Trading Strategy: Neutral
Buy on dips at 1364-1376 with strict stop loss below 1354 1-hourly closing; targeting 1387-1394 and 1400. Breakage below 1354 will call for 1338-1320. Sell below 1394-1400; break above 1400 will call for 1415-1425; targeting 1374-1364 and 1354-1340.
Silver closed up on Friday made its intraday high of US$21.78/ounce after setting intraday low of US$21.12/ounce. Silver settled 1.180% up at US$21.42/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.65-22.05 with stop above 22.05; targeting 21.25-20.95 and 20.65-20.45; upside breakout of 22.05 will open the way to 22.25-22.90. Buyers can buy above 21.05-20.40 targeting 21.75-22.00 and 22.00-22.60 with risk below 20.40 hourly closing.
Crude futures (April 2014) on Friday made an intra-day high of US$99.25/bbl and made an intraday low of US$98.03/bbl and settled down by 0.773% at US$98.98/bbl on session close.
Trading Strategy: Neutral
Sell below 99.10-100.60; targeting 99.50-99.02 and 97.80-96.60; upside breakage of 100.60 will lead to 101.70-102.90. Buy above 97.80-96.60, targeting 99.80-100.95 and 101.70-102.60; stop loss 1-hour below 97.80. Breakage below 96.60 will call for 95.50.
EUR/USD on Friday made an intra-day low of US$1.3846/EUR and made an intraday high of US$1.3936/EUR and settled the day up by 0.288% at US$1.3911/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3790- 1.3700 with risk below 1.3650, targeting 1.3830-1.3900. Sell below 1.3890-1.3920 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3920.
GBP/USD on Friday made an intra-day low of US$1.6586/GBP and made an intraday high of US$1.6648/GBP and settled the day up by 0.156% at US$1.6648/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6740-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6605- 1.6550; targeting 1.6740-1.6820; breakage below 1.6500 may target 1.6430- 1.6380.
USD/JPY on Friday an intra-day low of JPY101.19/USD and made an intraday high of JPY 101.87/USD and settled the day 0.510% down at JPY 101.36/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 102.50- 101.20, using a stop loss of below 100.00; targeting 102.10-102.50 and 103.90-104.90. Sell below 102.70-103.90, targeting 101.50-100.00 with stop above 103.90.
http://www.ikonfinance.com/