April 16, 2014
Gold closed up on Tuesday and made its intraday high of US$1328.05/ounce before setting intraday low of US$1285.67/ounce. Gold went down by 1.817% at US$1302.18/ounce.
Trading Strategy: Neutral
Based on today’s market, Sell below 1304-1319 with risk hourly closing above 1320, targeting 1311-1301; break above 1320 will call for 1328-1334 and 1344. Buy above 1278-1288 strict stop loss below 1278 hourly closing; targeting 1324-1334 and 1344. Breakage below 1278 will call for 1272-1264.
Silver closed down on Monday made its intraday high of US$20.13/ounce after setting intraday low of US$19.97/ounce. Silver settled 0.349% down at US$19.97/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.60-20.15 with stop above 20.35; targeting 19.35-19.05 and 18.70; upside breakout of 20.35 will open the way to 20.60-20.90. Buyers can buy above 18.70-19.30 targeting 20.10- 20.30 and 20.60-20.95 with risk below 18.70 hourly closing.
Crude futures (May 2014) on Tuesday made an intra-day high of US$104.02/bbl and made an intraday low of US$103.81/bbl and settled up by 0.222% at US$103.81/bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 103.90-104.80 with target of 103.00-102.60 and 101.80-101.00; upside breakage of 105.20 will lead to 106.30. Buy above 103.40-102.60, targeting 103.70-104.80; stop loss 1-hour below 101.70. Breakage below 101.70 will call for 101.20-100.50.
EUR/USD on Tuesday made an intra-day low of US$1.3789/EUR and made an intraday high of US$1.3832/EUR and settled the day down by 0.043% at US$1.3813/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength in between 1.3830- 1.3910 targeting 1.3660-1.3550 with stop-loss at 4-hour closing above 1.3910. Buy on dips in between 1.3790-1.3700 with risk below 1.3700, targeting 1.3830- 1.3910.
GBP/USD on Tuesday made an intra-day low of US$1.6657/GBP and made an intraday high of US$1.6747/GBP and settled the day down by 0.001% at US$1.6727/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6820 with risk above 1.6820; targeting 1.6760-1.6660 and 1.6550-1.6480. Buy above 1.6750-1.6660 with risk above 1.6600; targeting 1.6740-1.6820.
USD/JPY on Tuesday intra-day low of JPY101.49/USD and made an intraday high of JPY 101.98/USD and settled the day 0.068% up at JPY 101.90/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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