April 16, 2013
Gold (spot) closed down on Monday made its intraday high of US$1,495.72/ounce before setting intraday low of US$1,336.17/ounce. Gold went down by 9.07% at US$1,348.21/ounce.
Trading Strategy: Neutral to Negative
Sell at strength at 1390-1430; targeting 1320-1300 and 1250-1200, upside breakage of 1435 will lead to 1460-1490 and 1505-1520. Buy on dips at 1320-1340 with strict stop loss below 1290 4-hourly closing; targeting 1380-1400 and 1420-1440.
Silver (spot) closed down on Monday made its intraday high of US$26.10/ ounce before setting intraday low of US$22.60/ounce. Silver settled 12.44% down at US$22.70/ounce.
Trading Strategy: Neutral to Negative
Short positions at 23.90-24.45 with stop above 24.90; targeting 23.05-22.70 and 24.25-23.70, upside breakout of 25.9-26.0 will open the way to 26.50-26.90. Buyers can buy in 22.25-22.00 with risk below 21.50 hourly closing, targeting 23.70-24.25 and 24.75-24.90.
Crude futures (May 2013) on Monday made an intra‐day high of US$90.98/bbl and made an intraday low of US$87.20/bbl and settled down by 2.83% at US$90.98/bbl on session close.
Trading Strategy: Neutral
Today, sell in above 87.80-88.20 with risk above 89.10 (1-hourly Closing); targeting 88.80-87.30. Buyers can buy in 86.50-87.05 with risk below 85.90 (1-hourly closing); targeting 87.80-88.20 and 89.40-90.40.
EUR/USD on Monday made an intra‐day low of US$ 1.3020/EUR and made an intraday high of US$1.3113/EUR and settled the day 0.61% down at US$1.3033/EUR on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 1.3040-1.2970 targeting 1.3110-1.3170 and then 1.3245 and stop-loss with four-hour closing below 1.2885.
GBP/USD on Monday made an intra‐day low of US$1.5269/GBP and made an intraday high of US$1.5383/GBP and settled the day down by 0.371% at US$1.5282/GBP on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, our opinion is selling the pair below 1.5340-1.5390 targeting 1.5310, 1.5280 then 1.5225 and stop-loss with four-hour closing above 1.5415. Buying the pair above 1.5240-1.5270 targeting 1.5500 and stop-loss with four-hour closing below 1.5180.
USD/JPY on Monday an intra‐day low of JPY96.73/USD and made an intraday high of JPY 98.70/USD and settled the day 1.486% down at JPY96.73/USD on session close.
Trading Strategy: Neutral
Based on the charts and explanations above, buying the pair above 97.25 targeting 97.85, 98.10 then 98.45 and stop-loss with four-hour closing above 96.70. Sell Below 98.10 with stop above 99.00; targeting 96.70-96.10 breakage above 99.00 will lead to further upside towards 99.50-100.10 and 100.50-101.30.
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