November 18, 2013
Gold (spot) closed up on Friday and made its intraday high of US$1291.09/ounce after setting intraday low of US$1280.40/ounce. Gold went up by 0.232% at US$1289.93/ounce.
Trading Strategy: Neutral
Sell on strength 1289-1296 targeting 1260-1250 and 1236, upside breakage of 1296 will lead to 1307-1313 and 1321-1328. Buy on dips at 1266-1278 with strict stop loss below 12601-hourly closing targeting 1296-1307 and 1313-1328 break below 1260 will call for 1250-1236.
Silver (spot) closed upon Friday made its intraday high of US$20.84/ounce after setting intraday low of US$20.55/ounce. Silver settled 0.096% up at US$20.79/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.95-21.50 with stop above 22.05 targeting 21.20-20.95 and 20.80-20.60 upside breakout of 22.05 will open the way to 22.40-22.75 and 23.10-23.40. Buyers can buy above 20.40-20.05 targeting 20.95-21.45 and 21.95-22.35 with risk below 19.70 hourly closing.
Crude futures (Oct 2013) on Friday made an intraday high of US$94.53/bbl and made an intraday low of US$93.57/bbl and settled down by 0.202% at US$93.68/bbl on session close.
Trading Strategy: Neutral
Sell in-between 94.90-95.40 with risk above 96.05 targeting 94.10-93.60 and 92.90-92.40 upside breakage of 96.05 will lead to 96.80-97.60 and 98.80. Buy in between 93.00-93.60 with risk below 92.40 hourly closing targeting 94.80-95.80 and 96.90-97.70.
EUR/USD on Friday made an intraday low of US$1.3431/EUR and made an intraday high of US$1.3504/EUR and settled the day up by 0.274% at US$1.3495/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3490-1.3560 targeting 1.3380-1.3290 and 1.3210 and stop-loss at four-hour closing above 1.3560. Buying can be done 1.3380-1.3420 targeting 1.3460 and 1.3560.
GBP/USD on Friday made an intraday low of US$1.6047/GBP and made an intraday high of US$1.6134/GBP and settled the day up by 0.329% at US$1.6116/GBP on session close.
Trading Strategy: Neutral to Sell on Strength
Based on today’s market, selling can be done between 1.6120-1.6170 with risk above 1.6205 targeting 1.6080-1.5980 and 1.5880-1.5750.
USD/JPY on Friday an intraday low of JPY99.39/USD and made an intraday high of JPY100.42/USD and settled the day 0.17% up at JPY100.17/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy above 99.90-98.80, using a stop loss of below 97.90, targeting 100.60-101.50. Sell below 101.50, using a stop loss of 101.50, targeting 99.50-98.90 and 97.90-96.80.
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