Tuesday 12 July 2011

Commodities update: 12 July 2011 technical analysis


12/07/11
Gold
Silver
WTI Crude Oil
ACTION
R3
1,570.4
37.568
99.04
BULL
R2
1,563.4
36.952
97.74
STOP
R1
1,556.4
36.336
96.45
SELL
PIVOT
1,549.0
36.028
95.30

S1
1,542.0
35.412
94.01
BUY
S2
1,534.6
35.104
92.86
STOP
S3
1,527.6
34.488
91.57
BEAR

    • GOLD: SHORT TERMBULLISH:GOLD HAS GOODSUPPORT LEVEL AT $1534.60, ABOVE $1549 GOLD WILL TRY TO TOUCH $ 1556.40, IF GOLD SUSTAIN ABOVE $1563.40 LEVEL WILL TRY TOUCH 52 WEEKHIGH IN THIS PANIC RALLY.
    • SILVER: SHORT TERM BULLISH:SILVER HAS GOODSUPPORT LEVEL AT $35.104 LEVEL,ABOVE $36.028 SILVER WILL TRY TO TOUCH $36.336LEVEL ,BUT IF SILVER BREAK$35.104 LEVEL AND SUSTAIN THEN  SEE PANICSELLING UPTO $34.488 LEVEL VERY SOON.
    • WTI CRUDE OIL:SHORT TERM BEARISH:CRUDE OIL HAS GOODSUPPORT LEVEL AT $92.86, ABOVE $95.30 CRUDE WILL TRY TO TOUCH $96.46 LEVEL,BUT IF CRUDE BREAK $92.86 LEVEL AND SUSTAIN PANIC SELLING UP-TO $91.57 LEVEL.





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