March 3, 2014
Gold closed down on Friday and made its intraday high of US$1332.99/ounce a before setting intraday low of US$1319.59/ounce. Gold went down by 0.308% at US$1326.10/ ounce.
Trading Strategy: Neutral
Sell below 1346; break above 1346 will call for 1354-1374; targeting 1318-1309 and 1301. Buy on dips at 1320-1336 with strict stop loss below 1320 1-hourly closing; targeting 1346-1354. Breakage below 1320 will call for 1309-1290.
Silver closed down on Friday made its intraday high of US$21.39/ounce after setting intraday low of US$21.07/ounce. Silver settled 0.282% down at US$21.20/ounce.
Trading Strategy: Neutral
Sell on Strength at 21.45-21.95 with stop above 22.35; targeting 21.10-20.90 and 20.65-20.45; upside breakout of 22.35 will open the way to 22.90-23.60. Buyers can buy above 21.10-20.65 targeting 21.45-22.00 and 22.60 with risk below 20.60 hourly closing.
Crude futures (April 2014) on Friday made an intra-day high of US$102.92/bbl and made an intraday low of US$101.81/bbl and settled down by 0.489% at US$102.62/ bbl on session close.
Trading Strategy: Neutral
Buy above 103.40-101.90, targeting 104.55-105 and 103.35-104.55; stop loss 1- hour below 99.90. Breakage below 99.90 will call for 99.40-98.55.Sell below 102.60- 103.80; targeting 102.20-101.60 and 100.70-99.90; upside breakage of 103.80 will lead to 104.40-105.80.
EUR/USD on Monday made an intra-day low of US$1.3693/EUR and made an intraday high of US$1.3823/EUR and settled the day up by 0.671% at US$1.3801/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3750- 1.3660 with risk below 1.3570, targeting 1.3830-1.3900. Sell below 1.3830 targeting 1.3750-1.3660 and 1.3550 and stop-loss at 4-hour closing above 1.3830.
GBP/USD on Friday made an intra-day low of US$1.6675/GBP and made an intraday high of US$1.6767/GBP and settled the day up by 0.323% at US$1.6741/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6790-1.6820 with risk above 1.6830; targeting 1.6690-1.6620 and 1.6530-1.6480. Buy above 1.6620- 1.6550; targeting 1.6780; breakage below 1.6500 may target 1.6430-1.6380.
USD/JPY on Friday an intra-day low of JPY101.54/USD and made an intraday high of JPY 102.28/USD and settled the day 0.232% down at JPY 101.78/USD on session close.
Trading Strategy: Neutral
Based on today’s market; Buy on dips around 101.20- 100.50, 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.
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