Monday, 19 December 2011

gold



Futures: ICE NYMEX COMEX COMEX
Brent Crude Gold Silver
February February February March
Spot 0744 GMT 103.35 93.75 1597.90 29.671
1 Week Trend Bullish Bullish Hold Hold
1 Month Trend Bullish Bullish Bullish Range
3rd Resistance 105.60 95.35 1650.00 29.900
2nd Resistance 104.55 94.90 1640.00 29.750
1st Resistance 103.80 93.85 1622.00 29.300
Pivot* 102.94 93.20 1594.60 29.102
1st Support 101.40 92.30 1562.00 28.450
2nd Support 101.00 91.80 1547.00 28.050
3rd Support 100.00 91.00 1532.00 27.550
Intraday Brent (ICE) : the RSI lacks upward momentum. Under pressure below
$103.80 a barrel, with targets at $101.4 and $101 in extension. Above $103.80
look for further upside, with $104.55 and $105.6 as targets.
Weekly chart Brent trend: Bullish
Intraday Crude Oil (NYMEX) : the RSI lacks upward momentum. Suggests short
positions below $93.85 a barrel, with $92.30 and $91.80 as next targets. The
upside penetration of $93.85 will call for a rebound towards $94.90 and $95.35.
Weekly chart Crude trend: Bullish
Intraday Gold (COMEX): technically, the RSI is above its neutrality area at
50. Bullish above $1562 a troy ounce, with targets at $1622 and $1640 in
extension. Below $1562 look for further downside, with $1547 and $1532 as
targets.
Weekly chart Gold trend: Bullish
Intraday Silver (COMEX): the RSI broke above a declining trend line. Under
pressure below $29.30 a troy ounce, with targets at $28.45 and $28.05 in
extension. Above $29.30 look for further upside, with $29.75 and $29.9 as
targets.

No comments:

Post a Comment