May 1, 2014
Gold closed down on Wednesday and made its intraday high of US$1297.81/ounce before setting intraday low of US$1284.83/ounce. Gold went down by 0.323% at US$1291.04/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1296-1304 with risk hourly closing above 1309, targeting 1286-1278 and 1268-1260; break above 1309 will call for 1316-1324. Buy above 1284-1270 strict stop loss below 1268 hourly closing; targeting 1296-1309 and 1316-1324. Breakage below 1268 will call for 1260-1251.
Silver closed down on made its intraday high of US$19.47/ounce after setting intraday low of US$19.04/ounce. Silver settled 1.388% down at US$19.18/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.25-19.90 with stop above 19.90; targeting 19.05-18.70 and 18.20; upside breakout of 19.90 will open the way to 20.15-20.35. Buyers can buy above 18.60-18.90 targeting 19.35- 19.65 and 19.90-20.15 with risk below 18.60 hourly closing.
Crude futures (June 2014) on Wednesday made an intra-day high of US$100.73/bbl and made an intraday low of US$99.33/bbl and settled down by 1.042% at US$99.67/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 101.90-103.90 with target of 100.20-99.20; upside breakage of 104.00 will lead to 105.00-106.30.
EUR/USD on Wednesday made an intra-day low of US$1.3772/EUR and made an intraday high of US$1.3772/EUR and settled the day up by 0.390% at US$1.3865/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3890- 1.3970 targeting 1.3830-1.3750 and 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3970. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830-1.3910.
GBP/USD on Wednesday made an intra-day low of US$1.6805/GBP and made an intraday high of US$1.6899/GBP and settled the day up by 0.273% at US$1.6871/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6900 with risk above 1.6900; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6660; targeting 1.6740-1.6820.
USD/JPY on Wednesday intra-day low of JPY102.02/USD and made an intraday high of JPY 102.64/USD and settled the day 0.389% down at JPY 102.22/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.30- 100.70, using a stop loss of below 100.70; targeting 102.60-103.80. Sell below 102.30-103.00, targeting 101.50-100.00 and 100.70 with stop above 103.80.
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