January 2, 2014
Gold (spot) closed up on Wednesday and made its intraday high of US$1214.44/ ounce a before setting intraday low of US$1182.24/ounce. Gold went up by 0.437% at US$1202.37/ounce.
Trading Strategy: Neutral
Sell below 1226-1236; targeting 1186-1178 and 1164-1150, upside breakage of 1244 will lead to 1254-1269. Buy on dips at 1194-1214 with strict stop loss below 1178 1-hourly closing; targeting 1228-1244 and 1254-1268. Breakage below 1178 will call for 1155.
Silver (spot) closed down on Wednesday made its intraday high of US$19.81/ounce after setting intraday low of US$19.64/ounce. Silver settled 0.919% down at US$19.36/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.30-20.65 with stop above 20.65; targeting 19.85-19.35 and 19.10-18.70; upside breakout of 20.65 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.10-19.85 targeting 20.05-20.40 and 20.60-20.95 with risk below 18.50 hourly closing.
Crude futures (Oct 2013) on Wednesday made an intra-day high of US$99.37/bbl and made an intraday low of US$98.15/bbl and settled down by 0.806% at US$98.44/bbl on session close.
Trading Strategy: Neutral
Buy above 98.40-96.60, targeting 99.20-99.80 and 100.20-100.80; stop loss below 96.05. Breakage below 96.05 will call for 95.40-94.90 and 93.90-93.05. Sell below 99.20-100.80; targeting 98.05-97.40 and 96.60-96.05; upside breakage of 100.80 will lead to 101.80-103.00.
EUR/USD on Wednesday made an intra-day low of US$1.3758/EUR and made an intraday high of US$1.3811/EUR and settled the day down by 0.137% at US$1.3777/ EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 1.3790-1.3890 targeting 1.3620-1.3550 and stop-loss at 4-hour closing above 1.3900. Buy on dips in between 1.3660-1.3550 with risk below 1.3470, targeting 1.3790-1.3830 and 1.3890.
GBP/USD on Monday made an intra-day low of US$1.6473/GBP and made an intraday high of US$1.6577/GBP and settled the day up by 0.400% at US$1.6560/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; Buy above 1.6410-1.6310, targeting 1.6500-1.6550; breakage below 1.6250 may target 1.6200-1.6120.
USD/JPY on Wednesday an intra-day low of JPY104.85/USD and made an intraday high of JPY 105.29/USD and settled the day 0.104% up at JPY 105.13/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 104.60- 103.20, using a stop loss of below 102.50; targeting 105.60.
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