August 20, 2013
Gold (spot) closed down on Monday made its intraday high of US$1,384.35/ounce before setting intraday low of US$1,362.17/ounce. Gold went down by 0.862%at US$1,365.25/ounce.
Trading Strategy: Neutral
Sell at strength at 1367-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346with strict stop loss below 13381-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.
Silver (spot) closed upon Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.
Trading Strategy: Neutral
Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 22.95-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to24.40-24.90.
Crude futures (July 2013) on Monday made an intra‐day high of US$107.79/bbl and made an intraday low of US$106.55/bb land settled down by 0.715% at US$106.92/bbl on session close.
Trading Strategy: Neutral
Sell in-between106.90-107.50with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60using a stop loss of 103.20, targeting 106.90 and 107.50-108.90
EUR/USD on Monday made an intra‐day low of US$1.3314/EUR and made an intraday high of US$1.3373/EUR and settled the day 0.002% down at US$1.3333/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, Buying the pair above1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can1.3360-1.3410with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.
GBP/USD on Monday made an intra‐day low of US$1.5608/GBP and made an intraday high of US$1.5672/GBP and settled the day up by 0.185% at US$1.5646/GBP on session close.
Trading Strategy: Neutral
Based on today’s market, sell between1.5650-1.5690, stop loss above 1.5760targeting 1.5590-1.5550 and 1.5410-1.5310.Buying can be done above 1.5550-1.5440targeting 1.5650-1.5690; alternatively, a break below1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.
USD/JPY on Monday an intra‐day low of JPY97.35/USD and made an intraday high of JPY98.11/USD and settled the day 0.061% down at JPY97.54/USD on session close.
Trading Strategy: Neutral
Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50.Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20.Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.
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