Oct 28, 2010

gold and forex forecast

Crude Oil:

Support 81.35 80.80 80.30 79.50 79.00

Resistance 81.85 82.70 83.35 83.95 84.40

Recommendation Our morning expectation remains valid.


Gold:

Support 1325.00 1320.00 1314.00 1307.00 1299.00

Resistance 1339.00 1345.00 1348.00 1352.00 1355.00

Recommendation Based on the charts and explanations above our opinion is, selling gold around 1339.00 targeting 1307.00 and stop loss above 1365.00 might be appropriate.


Silver:

Support 23.60 23.40 23.35 23.25 23.15

Resistance 23.85 23.95 24.15 24.30 24.40

Recommendation Our morning expectations remain valid.


Euro:

Support 1.3770 1.3725 1.3670 1.3630 1.3580

Resistance 1.3850 1.3890 1.3920 1.3980 1.4035

Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.3850 targeting 1.3740 and stop loss above 1.3920, might be appropriate.


Great British Pound (GBP):

Support 1.5800 1.5725 1.5645 1.5620 1.5560

Resistance 1.5880 1.5940 1.6000 1.6040 1.6070

Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.5880 targeting 1.5645 and stop loss above 1.6000, might be appropriate.

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