sujithsstorock
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Market newsletter
1. Gold
Gold at present has met 1003 high after a rally from 982 till 1003. We expect a support test at 987 $ again as Newyork traders can exit their long positions before weekend.
MAJOR LEVELS ::
SUPPORT 993-988-982
RESISTANCE 1003-1005-1008
BUYER :: Hold with stoploss 982 (medium term) , 988 (short term)
SELLER:: Hold with stoploss 1011(medium term), 1004 (short term)
2. Silver
Sliver has Out performed gold and made a new high on september 10th.Every dip is a buy opportunity as we expect a cross above 17 $.Buying is possible in 16.3-16.5 $ spread with a stoploss below 16.00$.
MAJOR LEVELS ::
SUPPORT 16. 51-16. 33-16. 05 $
RESISTANCE 16. 9-17. 12- 17. 6 $
BUYER :: Hold with stoploss 16.00 $(medium term) , 16.33 (short term)
SELLER:: Hold with stoploss 17.00 $(medium term), 17.8 (short term)
* AUD/USD
If 8605 is broken down,we can expect a fall till 8570 . Only a strong break with momentum below 8550 can signal a major trend change to bearish.Currently positive and a break above 8670 can give another spike to up side.
MAJOR LEVELS ::
SUPPORT 8600-8568-8520
RESISTANCE 8670-8745-8790
BUYER :: Hold with stoploss 8550(medium term) ,8585 (short term)
SELLER:: Hold with stoploss 8670(medium term),8770 (short term)
* GBP/USD
Still in search of a top. A new trade is NOT adviced as prices are really up and buying here can be suicidal. Selling cant be a assured bet since top is not confirmed yet.
MAJOR LEVELS ::
SUPPORT 16650 - 16582 - 16450
RESISTANCE 16750- 16822-16900
BUYER :: Hold with stoploss 16523(medium term) ,16640 (short term)
SELLER:: Hold with stoploss 16750(medium term),16800 (short term)
* EUR/USD
Eur/usd has been rallying from 14350 non stop. top is nearing. Avoid new buy .While selling is not advised since TOP is not yet confirmed.
MAJOR LEVELS ::
SUPPORT 14500-14380-14270
RESISTANCE 14655-14710
BUYER :: Hold with stoploss 14380(medium term) ,14450 (short term)
SELLER:: Hold with stoploss 14690(medium term),14635 (short term)
* EUR/GBP
Anytime a spike to 890 will occur.Stay in buy mode unless 8700 is not broken below.
MAJOR LEVELS ::
SUPPORT 8710-8685
RESISTANCE 8770-8790-8820
BUYER :: Hold with stoploss 8710(medium term) ,8710(short term)
SELLER:: Hold with stoploss 8840(medium term),8810 (short term)
* EUR/JPY
Standing on support at 13250. A correction of 50 % is likely on upside. Short on rise is recommended.
MAJOR LEVELS ::
SUPPORT 13250-13175
RESISTANCE 13345-13385
BUYER :: Hold with stoploss 13120(medium term) ,13230(short term)
SELLER:: Hold with stoploss 13450(medium term),13380 (short term
* USD/JPY
Start booking shorts. Only a break above 9233 can take it higher.else still we can see below 9000 levels.
MAJOR LEVELS ::
SUPPORT 9000
RESISTANCE 9180-9245
BUYER :: Hold with stoploss 9000(medium term) ,9035(short term)
SELLER:: Hold with stoploss 9250(medium term),9150 (short term
* USD/CAD
A furthur continuation of drop is seen on charts.Only a break above 10880 can give chances for bulls.Sell on rise is the strategy.
MAJOR LEVELS ::
SUPPORT 10700-10650
RESISTANCE 10850-10900
BUYER :: Hold with stoploss 10671(medium term) ,10716(short term)
SELLER:: Hold with stoploss 10880(medium term),10880 (short term
MARKET ANALYSIS
SEPTEMBER 11 , 2009,1. Gold
Gold at present has met 1003 high after a rally from 982 till 1003. We expect a support test at 987 $ again as Newyork traders can exit their long positions before weekend.
MAJOR LEVELS ::
SUPPORT 993-988-982
RESISTANCE 1003-1005-1008
BUYER :: Hold with stoploss 982 (medium term) , 988 (short term)
SELLER:: Hold with stoploss 1011(medium term), 1004 (short term)
2. Silver
Sliver has Out performed gold and made a new high on september 10th.Every dip is a buy opportunity as we expect a cross above 17 $.Buying is possible in 16.3-16.5 $ spread with a stoploss below 16.00$.
MAJOR LEVELS ::
SUPPORT 16. 51-16. 33-16. 05 $
RESISTANCE 16. 9-17. 12- 17. 6 $
BUYER :: Hold with stoploss 16.00 $(medium term) , 16.33 (short term)
SELLER:: Hold with stoploss 17.00 $(medium term), 17.8 (short term)
* AUD/USD
If 8605 is broken down,we can expect a fall till 8570 . Only a strong break with momentum below 8550 can signal a major trend change to bearish.Currently positive and a break above 8670 can give another spike to up side.
MAJOR LEVELS ::
SUPPORT 8600-8568-8520
RESISTANCE 8670-8745-8790
BUYER :: Hold with stoploss 8550(medium term) ,8585 (short term)
SELLER:: Hold with stoploss 8670(medium term),8770 (short term)
* GBP/USD
Still in search of a top. A new trade is NOT adviced as prices are really up and buying here can be suicidal. Selling cant be a assured bet since top is not confirmed yet.
MAJOR LEVELS ::
SUPPORT 16650 - 16582 - 16450
RESISTANCE 16750- 16822-16900
BUYER :: Hold with stoploss 16523(medium term) ,16640 (short term)
SELLER:: Hold with stoploss 16750(medium term),16800 (short term)
* EUR/USD
Eur/usd has been rallying from 14350 non stop. top is nearing. Avoid new buy .While selling is not advised since TOP is not yet confirmed.
MAJOR LEVELS ::
SUPPORT 14500-14380-14270
RESISTANCE 14655-14710
BUYER :: Hold with stoploss 14380(medium term) ,14450 (short term)
SELLER:: Hold with stoploss 14690(medium term),14635 (short term)
* EUR/GBP
Anytime a spike to 890 will occur.Stay in buy mode unless 8700 is not broken below.
MAJOR LEVELS ::
SUPPORT 8710-8685
RESISTANCE 8770-8790-8820
BUYER :: Hold with stoploss 8710(medium term) ,8710(short term)
SELLER:: Hold with stoploss 8840(medium term),8810 (short term)
* EUR/JPY
Standing on support at 13250. A correction of 50 % is likely on upside. Short on rise is recommended.
MAJOR LEVELS ::
SUPPORT 13250-13175
RESISTANCE 13345-13385
BUYER :: Hold with stoploss 13120(medium term) ,13230(short term)
SELLER:: Hold with stoploss 13450(medium term),13380 (short term
* USD/JPY
Start booking shorts. Only a break above 9233 can take it higher.else still we can see below 9000 levels.
MAJOR LEVELS ::
SUPPORT 9000
RESISTANCE 9180-9245
BUYER :: Hold with stoploss 9000(medium term) ,9035(short term)
SELLER:: Hold with stoploss 9250(medium term),9150 (short term
* USD/CAD
A furthur continuation of drop is seen on charts.Only a break above 10880 can give chances for bulls.Sell on rise is the strategy.
MAJOR LEVELS ::
SUPPORT 10700-10650
RESISTANCE 10850-10900
BUYER :: Hold with stoploss 10671(medium term) ,10716(short term)
SELLER:: Hold with stoploss 10880(medium term),10880 (short term