May 15, 2014
Gold closed up on Wednesday and made its intraday high of US$1308.78/ounce before setting intraday low of US$1291.41/ounce. Gold went up by 0.932% at US$1305.59/ounce.
Trading Strategy: Neutral
Based on today’s market, sell below 1309-1316 with risk hourly closing above 1316, targeting 1301-1290 and 1284-1278; break above 1316 will call for 1324-1334. Buy above 1290-1278 strict stop loss below 1276 hourly closing; targeting 1294-1300 and 1309-1316. Breakage below 1277 will call for 1272-1268.
Silver closed up on Wednesday on made its intraday high of US$19.97/ounce after setting intraday low of US$19.48/ounce. Silver settled 1.178% up at US$19.75/ounce.
Trading Strategy: Neutral
Based on today’s market, sell on strength at 19.90-20.35 with stop above 20.40; targeting 19.60-19.30 and 19.05-18.95; upside breakout of 20.40 will open the way to 20.90. Buyers can buy above 18.95-19.25 targeting 19.90-20.15 with risk below 18.70 hourly closing.
Crude futures (June 2014) on Wednesday made an intra-day high of US$102.63/bbl and made an intraday low of US$101.81/bbl and settled up by 1.57% at US$102.04/ bbl on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 102.40 with target of 99.40- 98.80 and 98.20-97.40; upside breakage of 102.40 will lead to 102.80-103.90.
EUR/USD on Wednesday made an intra-day low of US$1.3697/EUR and made an intraday high of US$1.3729/EUR and settled the day up by 0.080% at US$1.3713/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, sell on strength 1.3740-1.3830 targeting 1.3670-1.3610 and 1.3550 with stop-loss at 4-hour closing above 1.3830. Buy on dips in between 1.3740-1.3670 with risk below 1.3610, targeting 1.3810-1.3910.
GBP/USD on Wednesday made an intra-day low of US$1.6752/GBP and made an intraday high of US$1.6752/GBP and settled the day down by 0.344% at US$1.6752/GBP on session close.
Trading Strategy: Neutral
Based on today’s market; sell below 1.6810-1.6910 with risk above 1.6910; targeting 1.6760-1.6660. Buy above 1.6750-1.6640 with risk above 1.6640; targeting 1.6990-1.7040.
USD/JPY on Wednesday intra-day low of JPY101.71/USD and made an intraday high of JPY 102.27/USD and settled the day 0.361% up at JPY 101.87/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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