Ajawed Posted June 4, 2013 Report Share Posted June 4, 2013 June 4, 2013 Gold (spot) closed up on Monday made its intraday high of US$1,416.77/ounce after setting intraday low of US$1,388.71/ounce. Gold went up by 1.572% at US$1,410.91/ounce. Trading Strategy: Neutral to Sell on Strength Sell at strength at 1415-1421; targeting 1403-1396 and 1390-1379, upside breakage of 1421 will lead to 1428-1431 and 1441-1453. Buy on dips at 1384-1392 with strict stop loss below 1379 1-hourly closing; targeting 1396-1405 and 1414-1421; break below 1379 will call for 1374-1369 and 1361-1353. Silver (spot) closed up on Monday made its intraday high of US$22.96/ounce after setting intraday low of US$22.23/ounce. Silver settled 2.195% up at US$22.71/ounce. Trading Strategy: Neutral Might trade in the range of 22.30-22.95; upside penetration might call for 23.80, while a downward breakage might call for 22.10-21.80. Short positions at 22.95-23.15 with stop above 23.25; targeting 22.30-22.05 and 21.80-21.50, upside breakout of 23.30 will open the way to 23.80-24.20. Buyers can buy above 22.30-22.05, targeting 22.80-23.05 and 23.85-24.20 with risk below 21.90. Crude futures (June 2013) on Monday made an intra‐day high of US$93.66/bbl and made an intraday low of US$91.27/bbl and settled down by 1.755% at US$93.31/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 93.50-94.10, targeting 92.60 and 91.50. Stop loss with four-hour closing above 94.10. Buy above 90.90-91.50, using a stop loss of 90.50, targeting 92.60-93.50 and 93.90-94.60. EUR/USD on Monday made an intra‐day low of US$1.2954/EUR and made an intraday high of US$1.3106/EUR and settled the day 0.631% up at US$1.3074/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair below 1.3107-1.3175 targeting 1.2910-1.2880 and 1.2740-1.2680 and stop-loss with four-hour closing at 1.3195 might be appropriate; whereas, buying can be done above 1.2950-1.3030 targeting 1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2880. GBP/USD on Monday made an intra‐day low of US$1.5190/GBP and made an intraday high of US$1.5374/GBP and settled the day up by 0.749% at US$1.5318/GBP on session close. Trading Strategy: Neutral Based on today’s market, in our opinion selling the pair below 1.5340-1.5410 targeting 1.5300-1.5250 and 1.5150-1.5110 with stop-loss at four-hour closing above 1.5400; whereas, buying can be done 1.5270-1.5300 targeting 1.5340-1.5410; stop-loss with four-hour closing below 1.5190. USD/JPY on Monday an intra‐day low of JPY98.85/USD and made an intraday high of JPY 100.71/USD and settled the day 0.906% down at JPY99.51/USD on session close. Trading Strategy: Neutral Based on today’s market, in our opinion sell below 100.40-100.60, using a stop loss of 101.50, targeting 98.40 and 97.30. Alternatively, upside breakage of 100.40 might lead to 101.30-102.40. http://ikonmarkets.com/daily-reports/2013/06/04/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 5, 2013 Author Report Share Posted June 5, 2013 June 5, 2013 Gold (spot) closed up on Tuesday made its intraday high of US$1,415.04/ounce after setting intraday low of US$1,388.81/ounce. Gold went up by 0.860% at US$1,399.21/ounce. Trading Strategy: Neutral to Sell on Strength Sell at strength at 1411-1421; targeting 1403-1396 and 1390-1379, upside breakage of 1421 will lead to 1428-1431 and 1441-1453. Buy on dips at 1384-1392 with strict stop loss below 1379 1-hourly closing; targeting 1396-1405 and 1414-1421; break below 1379 will call for 1374-1369 and 1361-1353. Silver (spot) closed down on Tuesday made its intraday high of US$22.78/ounce after setting intraday low of US$22.28/ounce. Silver settled 0.882% down at US$22.52/ounce. Trading Strategy: Neutral Might trade in the range of 22.30-22.95; upside penetration might call for 23.80, while a downward breakage might call for 22.10-21.80. Short positions at 22.95-23.15 with stop above 23.25; targeting 22.30-22.05 and 21.80-21.50, upside breakout of 23.30 will open the way to 23.80-24.20. Buyers can buy above 22.30-22.05, targeting 22.80-23.05 and 23.85-24.20 with risk below 21.90. Crude futures (June 2013) on Tuesday made an intra‐day high of US$94.39/bbl and made an intraday low of US$92.37/bbl and settled up by 0.535% at US$93.83/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 93.80-94.35, targeting 92.60 and 91.50. Stop loss with four-hour closing above 94.90. Buy above 91.30-91.90, using a stop loss of 90.50, targeting 92.60-93.50 and 93.90-94.60. EUR/USD on Tuesday made an intra‐day low of US$1.3041/EUR and made an intraday high of US$1.3100/EUR and settled the day 0.030% up at US$1.3079/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair below 1.3105-1.3170 targeting 1.3030-1.2910 and 1.2880-1.2740 and stop-loss with four-hour closing at 1.3195 might be appropriate; whereas, buying can be done above 1.2950-1.3030 targeting 1.3060 and 1.3120 and stop-loss with four-hour closing below 1.2880. GBP/USD on Tuesday made an intra‐day low of US$1.5272/GBP and made an intraday high of US$1.5341/GBP and settled the day down by 0.052% at US$1.5310/GBP on session close. Trading Strategy: Neutral Based on today’s market, in our opinion selling the pair below 1.5340-1.5410 targeting 1.5300-1.5250 and 1.5150-1.5110 with stop-loss at four-hour closing above 1.5400; whereas, buying can be done 1.5270-1.5300 targeting 1.5340-1.5410; stop-loss with four-hour closing below 1.5190. USD/JPY on Tuesday an intra‐day low of JPY99.32/USD and made an intraday high of JPY 100.41/USD and settled the day 0.511% up at JPY100.02/USD on session close. Trading Strategy: Neutral Based on today’s market, in our opinion sell below 100.40-100.60, using a stop loss of 101.50, targeting 98.40 and 97.30. Alternatively, upside breakage of 100.40 might lead to 101.30-102.40. http://ikonmarkets.com/daily-reports/2013/06/05/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 7, 2013 Author Report Share Posted June 7, 2013 June 7, 2013 Gold (spot) closed up on Thursday made its intraday high of US$1423.70/ounce after setting intraday low of US$1391.63/ounce. Gold went up by 0.831% at US$1413.30/ounce. Trading Strategy: Neutral Sell at strength at 1417-1424; targeting 1390-1379, upside breakage of 1424 will lead to 1428-1431 and 1441-1453. Buy on dips at 1390-1401 with strict stop loss below 1382 1-hourly closing; targeting 1414-1424 and 1431-1445; break below 1382 will call for 1374-1369 and 1361-1353. Silver (spot) closed up on Thursday made its intraday high of US$22.90/ounce after setting intraday low of US$22.32/ounce. Silver settled 0.488% up at US$22.63/ounce. Trading Strategy: Neutral Might trade in the range of 22.30-22.95; upside penetration might call for 23.80, while a downward breakage might call for 22.10-21.80. Short positions at 22.95-23.15 with stop above 23.25; targeting 22.30-22.05 and 21.80-21.50, upside breakout of 23.30 will open the way to 23.80-24.20. Buyers can buy above 22.30-22.05, targeting 22.80-23.05 and 23.85-24.20 with risk below 21.90. Crude futures (July 2013) on Thursday made an intra‐day high of US$95.30/bbl and made an intraday low of US$93.68/bbl and settled up by 1.066% at US$94.73/bbl on session close. Trading Strategy: Neutral Based on today’s chart, we prefer to short oil below 95.30-95.90, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 96.30. Buy above 93.90-94.60, using a stop loss of 92.60, targeting 94.90-95.30 and 95.90-96.30. EUR/USD on Thursday made an intra‐day low of US$1.3074/EUR and made an intraday high of US$1.3305/EUR and settled the day 1.168% up at US$1.3244/EUR on session close. Trading Strategy: Neutral Based on today’s chart, buying the pair above 1.3240-1.3150 targeting 1.3305-1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3100. GBP/USD on Thursday made an intra‐day low of US$1.5380/GBP and made an intraday high of US$1.5682/GBP and settled the day up by 1.265% at US$1.5598/GBP on session close. Trading Strategy: Neutral Based on today’s chart, in our opinion selling the pair below 1.5700 targeting 1.5540-1.5465 and 1.5300-1.5250; whereas, buying can be done 1.5540-1.5465 targeting 1.5610-1.5690 and 1.5750; stop-loss with four-hour closing below 1.5410. USD/JPY on Thursday an intra‐day low of JPY95.89/USD and made an intraday high of JPY 99.45/USD and settled the day 2.11% down at JPY99.45/USD on session close. Trading Strategy: Neutral Based on today’s chart, in our opinion sell below 98.60-99.30, using a stop loss of 99.90, targeting 98.40 and 97.30. Alternatively, upside breakage of 99.90 might lead to 100.60 and 101.30-102.40. http://ikonmarkets.com/daily-reports/2013/06/07/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 11, 2013 Author Report Share Posted June 11, 2013 June 11, 2013 Gold (spot) closed up on Monday made its intraday high of US$1388.86/ounce after setting intraday low of US$1375.81/ounce. Gold went up by 0.212% at US$1386.17/ounce. Trading Strategy: Neutral Sell at strength at 1388-1400; targeting 1374-1361, upside breakage of 1405 will lead to 1412-1421 and 1428-1431. Buy on dips at 1361-1374 with strict stop loss below 1355 1-hourly closing; targeting 1388-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed up on Monday made its intraday high of US$22.09/ounce after setting intraday low of US$21.40/ounce. Silver settled 1.248% up at US$21.89/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Monday made an intra‐day high of US$96.22/bbl and made an intraday low of US$95.19/bbl and settled down by 0.333% at US$95.76/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 95.30-95.90, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 96.30. Buy above 93.90-94.60, using a stop loss of 92.60, targeting 94.90-95.30 and 95.90-96.30. EUR/USD on Monday made an intra‐day low of US$1.3176/EUR and made an intraday high of US$1.3268/EUR and settled the day 0.509% up at US$1.3256/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3150 targeting 1.3305-1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3100. GBP/USD on Monday made an intra‐day low of US$1.5493/GBP and made an intraday high of US$1.5585/GBP and settled the day up by 0.367% at US$1.5570/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below $1.5620, using a stop loss of $1.5700, targeting $1.5460-1.5300-1.5250; alternatively, a break above $1.5700 might call for $1.5800. Buying can be done 1.5540-1.5465 targeting 1.5610-1.5690 and 1.5750; stop-loss with four-hour closing below 1.5410. USD/JPY on Monday an intra‐day low of JPY97.70/USD and made an intraday high of JPY 99.27/USD and settled the day 0.950% up at JPY98.75/USD on session close. Trading Strategy: Neutral Based on today’s market, sell below 98.90-99.50, using a stop loss of 99.90, targeting 98.40 and 97.30. Alternatively, upside breakage of 99.90 might lead to 100.60 and 101.30-102.40. Buy above 97.20, using a stop loss of 96.40, targeting 99.70 and 100.40, a break below 96.30 might call for 95.60-94.30. http://www.ikonmarkets.com/daily-reports/2013/06/11/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 12, 2013 Author Report Share Posted June 12, 2013 June 12, 2013 Gold (spot) closed down on Tuesday made its intraday high of US$1387.54/ounce after setting intraday low of US$1365.80/ounce. Gold went down by 0.586% at US$1377.85/ounce. Trading Strategy: Neutral Sell at strength at 1379-1388; targeting 1374-1361 and 1355-1344, upside breakage of 1393 will lead to 1401-1405 and 1412-1421. Buy on dips at 1361-1365 with strict stop loss below 1355 1-hourly closing; targeting 1388-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed down on Tuesday made its intraday high of US$22.01/ounce after setting intraday low of US$21.48/ounce. Silver settled 1.232% down at US$21.64/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Tuesday made an intra‐day high of US$95.88/bbl and made an intraday low of US$94.04/bbl and settled down by 0.856% at US$94.90/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 95.30-95.90, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 96.30. Buy above 93.90-94.05, using a stop loss of 93.00, targeting 94.90-95.30 and 95.90-96.30. EUR/USD on Tuesday made an intra‐day low of US$1.3231/EUR and made an intraday high of US$1.3316/EUR and settled the day 0.509% up at US$1.3312/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3150 targeting 1.3305-1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3100. GBP/USD on Tuesday made an intra‐day low of US$1.5519/GBP and made an intraday high of US$1.5651/GBP and settled the day up by 0.462% at US$1.5642/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5685-1.5700, using a stop loss of 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Tuesday an intra‐day low of JPY95.60/USD and made an intraday high of JPY 99.05/USD and settled the day 2.77% down at JPY96.01/USD on session close. Trading Strategy: Neutral Based on today’s market, sell in between 98.90-99.50 using a stop loss of 99.90, targeting 98.40 and 97.30. Alternatively, upside breakage of 99.90 might lead to 100.60 and 101.30-102.40. Buy in 95.50-96.00, using a stop loss of 94.90, targeting 96.90-97.90 and 99.70-100.40, a break below 94.90 might call for 94.30-92.60. http://ikonmarkets.com/daily-reports/2013/06/12/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 13, 2013 Author Report Share Posted June 13, 2013 13 June,2013 Gold: Gold (spot) closed up on Wednesday made its intraday high of US$1394.49/ounce after setting intraday low of US$1373.43/ounce. Gold went up by 0.777% at US$1388.53/ounce. Trading Strategy: Neutral Sell at strength at 1394-1405; targeting 1374-1361 and 1355-1344, upside breakage of 1405 will lead to 1412-1421. Buy on dips at 1373-1378 with strict stop loss below 1365 1-hourly closing; targeting 1394-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver: Silver (spot) closed up on Wednesday made its intraday high of US$22.02/ounce after setting intraday low of US$21.76/ounce. Silver settled 0.601% up at US$21.76/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Oil: Crude futures (July 2013) on Wednesday made an intra‐day high of US$96.42/bbl and made an intraday low of US$94.45/bbl and settled up by 0.980% at US$95.75/bbl on session close. Trading Strategy: Neutral We prefer to short oil below 95.90-96.30, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 97.05. Buy above 93.90-94.05, using a stop loss of 93.00, targeting 94.90-95.30 and 95.90-96.30. EUR/USD: EUR/USD on Wednesday made an intra‐day low of US$1.3264/EUR and made an intraday high of US$1.3358/EUR and settled the day 0.172% up at US$1.3335/EUR on session close. Trading Strategy: Neutral Buy the pair above 1.3240-1.3300 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150. GBP/USD: GBP/USD on Wednesday made an intra‐day low of US$1.5632/GBP and made an intraday high of US$1.5651/GBP and settled the day up by 0.217% at US$1.5677/GBP on session close. Trading Strategy: Neutral Sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY: USD/JPY on Wednesday an intra‐day low of JPY95.12/USD and made an intraday high of JPY 97.01/USD and settled the day 0.014% up at JPY96.01/USD on session close. Trading Strategy: Neutral Buy above 92.30, using a stop loss of $90.80, targeting 95.60. Sell below 95.60, using a stop loss of 96.80, targeting 93.10 and 92.30. http://ikonmarkets.com/daily-reports/2013/06/13/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 14, 2013 Author Report Share Posted June 14, 2013 June 14, 2013 Gold (spot) closed down on Thursday made its intraday high of US$1394.76/ounce before setting intraday low of US$1374.39/ounce. Gold went down by 0.162% at US$1385.65/ounce. Trading Strategy: Neutral Sell at strength at 1389-1401; targeting 1374-1361 and 1355-1344, upside breakage of 1405 will lead to 1412-1421. Buy on dips at 1366-1374 with strict stop loss below 1365 1-hourly closing; targeting 1394-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed up on Thursday made its intraday high of US$21.98/ounce before setting intraday low of US$21.58/ounce. Silver settled 0.275% up at US$21.82/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Thursday made an intra‐day high of US$96.89/bbl and made an intraday low of US$95.03/bbl and settled up by 0.95% at US$95.75/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 96.80-97.40, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 98.40. Buy above 95.05-95.90, using a stop loss of 93.90, targeting 96.90-97.30 and 98.40. EUR/USD on Thursday made an intra‐day low of US$1.3277/EUR and made an intraday high of US$1.3389/EUR and settled the day 0.284% up at US$1.3373/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3300 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240. GBP/USD on Thursday made an intra‐day low of US$1.5643/GBP and made an intraday high of US$1.5736/GBP and settled the day up by 0.248% at US$1.716/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Thursday an intra‐day low of JPY93.78/USD and made an intraday high of JPY 96.09/USD and settled the day 0.677% down at JPY95.35/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 92.30, using a stop loss of 90.80, targeting 95.60. Sell below 95.60-96.60, using a stop loss of 96.90, targeting 93.10 and 92.30. http://ikonmarkets.com/daily-reports/2013/06/14/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 14, 2013 Author Report Share Posted June 14, 2013 June 14, 2013 Gold (spot) closed down on Thursday made its intraday high of US$1394.76/ounce before setting intraday low of US$1374.39/ounce. Gold went down by 0.162% at US$1385.65/ounce. Trading Strategy: Neutral Sell at strength at 1389-1401; targeting 1374-1361 and 1355-1344, upside breakage of 1405 will lead to 1412-1421. Buy on dips at 1366-1374 with strict stop loss below 1365 1-hourly closing; targeting 1394-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed up on Thursday made its intraday high of US$21.98/ounce before setting intraday low of US$21.58/ounce. Silver settled 0.275% up at US$21.82/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Thursday made an intra‐day high of US$96.89/bbl and made an intraday low of US$95.03/bbl and settled up by 0.95% at US$95.75/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 96.80-97.40, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 98.40. Buy above 95.05-95.90, using a stop loss of 93.90, targeting 96.90-97.30 and 98.40. EUR/USD on Thursday made an intra‐day low of US$1.3277/EUR and made an intraday high of US$1.3389/EUR and settled the day 0.284% up at US$1.3373/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3300 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240. GBP/USD on Thursday made an intra‐day low of US$1.5643/GBP and made an intraday high of US$1.5736/GBP and settled the day up by 0.248% at US$1.716/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Thursday an intra‐day low of JPY93.78/USD and made an intraday high of JPY 96.09/USD and settled the day 0.677% down at JPY95.35/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 92.30, using a stop loss of 90.80, targeting 95.60. Sell below 95.60-96.60, using a stop loss of 96.90, targeting 93.10 and 92.30. http://ikonmarkets.com/daily-reports/2013/06/14/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 17, 2013 Author Report Share Posted June 17, 2013 June 17, 2013 Gold (spot) closed up on Friday made its intraday high of US$1392.15/ounce before setting intraday low of US$1378.31/ounce. Gold went up by 0.333% at US$1390.15/ounce. Trading Strategy: Neutral Sell at strength at 1389-1401; targeting 1374-1361 and 1355-1344, upside breakage of 1405 will lead to 1412-1421. Buy on dips at 1366-1374 with strict stop loss below 1365 1-hourly closing; targeting 1394-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed up on Friday made its intraday high of US$22.55/ounce before setting intraday low of US$21.69/ounce. Silver settled 1.192% up at US$22.06/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Friday made an intra‐day high of US$98.23/bbl and made an intraday low of US$96.41/bbl and settled up by 1.20% at US$97.82/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 97.60-98.40, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 99.20. Buy above 95.05-95.90, using a stop loss of 93.90, targeting 96.90-97.30 and 98.40. EUR/USD on Friday made an intra‐day low of US$1.3293/EUR and made an intraday high of US$1.3374/EUR and settled the day 0.217% up at US$1.3340/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3300 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240. GBP/USD on Friday made an intra‐day low of US$1.5615/GBP and made an intraday high of US$1.5722/GBP and settled the day down by 0.089% at US$1.5702/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Friday an intra‐day low of JPY93.79/USD and made an intraday high of JPY 95.81/USD and settled the day 1.310% down at JPY94.10/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 92.30, using a stop loss of 90.80, targeting 95.60. Sell below 95.60-96.60, using a stop loss of 96.90, targeting 93.10 and 92.30. http://www.ikonmarkets.com/daily-reports/2013/06/17/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 18, 2013 Author Report Share Posted June 18, 2013 June 18, 2013 Gold (spot) closed up on Monday made its intraday high of US$1391.80/ounce before setting intraday low of US$1380.40/ounce. Gold went down by 0.408% at US$1384.68/ounce. Trading Strategy: Neutral Sell at strength at 1389-1401; targeting 1374-1361 and 1355-1344, upside breakage of 1405 will lead to 1412-1421. Buy on dips at 1366-1374 with strict stop loss below 1365 1-hourly closing; targeting 1394-1400 and 1414-1424; break below 1355 will call for 1344-1334. Silver (spot) closed down on Monday made its intraday high of US$22.12/ounce before setting intraday low of US$21.68/ounce. Silver settled 1.131% down at US$21.85/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Monday made an intra‐day high of US$98.71/bbl and made an intraday low of US$97.37/bbl and settled up by 0.14% at US$97.91/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 97.60-98.40, targeting 94.60-93.90 and 92.90-92.05. Stop loss with four-hour closing above 99.20. Buy above 95.05-95.90, using a stop loss of 93.90, targeting 96.90-97.30 and 98.40. EUR/USD on Monday made an intra‐day low of US$1.3317/EUR and made an intraday high of US$1.3380/EUR and settled the day 0.127% up at US$1.3364/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above 1.3240-1.3300 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240. GBP/USD on Monday made an intra‐day low of US$1.5679/GBP and made an intraday high of US$1.5750/GBP and settled the day down by 0.057% at US$1.5718/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5610-1.5540 targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Monday an intra‐day low of JPY94.09/USD and made an intraday high of JPY 95.20/USD and settled the day 0.361% up at JPY94.48/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 92.30, using a stop loss of 90.80, targeting 95.60. Sell below 95.60-96.60, using a stop loss of 96.90, targeting 93.10 and 92.30. http://www.ikonmarkets.com/daily-reports/2013/06/18/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 19, 2013 Author Report Share Posted June 19, 2013 June 19, 2013 Gold (spot) closed upon Tuesday made its intraday high of US$1385.81/ounce before setting intraday low of US$1360.91/ounce. Gold went up by 1.265% at US$1367.20/ounce. Trading Strategy: Neutral Sell at strength at 1371-1383; targeting 1374-1361 and 1355-1344, upside breakage of 1395 will lead to 1401-1405 and 1412-1421. Buy on dips at 1344-1360 with strict stop loss below 13361-hourly closing; targeting 1371-1381 and 1394-1400 and 1414-1424; break below 1336 will call for 1334-1323. Silver (spot) closed down on Tuesday made its intraday high of US$21.95/ounce before setting intraday low of US$21.52/ounce. Silver settled 0.779% down at US$21.65/ounce. Trading Strategy: Neutral Short positions at 21.90-22.30 with stop above 23.10; targeting 21.50-21.10, upside breakout of 22.90 will open the way to 23.20 and 23.80-24.20. Buyers can buy above 21.10, targeting 22.30-22.60 and 22.80-23.05 with risk below 21.00. Crude futures (July 2013) on Tuesday made an intra-day high of US$98.64/bbl and made an intraday low of US$97.40/bbl and settled up by 0.694%at US$98.58/bbl on session close. Trading Strategy: Neutral Expect continuation towards 99.19, with immediate supports around 97.05 and 95.72. Additional strength can stride for 103 – 104.80. Immediate supports reside around 97.05 and 95.72.Stay long with risk below 96.03. EUR/USD on Tuesday made an intra‐day low of US$1.3325/EUR and made an intraday high of US$1.3414/EUR and settled the day 0.202% up at US$1.3391/EUR on session close. Trading Strategy: Neutral Based on today’s market, buying the pair above1.3280-1.3320 targeting 1.3390 and 1.3450with stop-loss with four-hour closing below 1.3150; whereas selling can be done 1.3380-1.3410 with risk above 1.3475; targeting 1.3310-1.3240. GBP/USD on Tuesday made an intra‐day low of US$1.5564/GBP and made an intraday high of US$1.5722/GBP and settled Trading Strategy: Neutral Based on today’s market, sell below 1.5700, targeting 1.5540-1.5460 and 1.5300-1.5250; alternatively, a break above 1.5700 might call for 1.5800. Buying can be done 1.5630-1.5590targeting 1.5690 and 1.5750; stop-loss with four-hour closing below 1.5465. USD/JPY on Tuesday an intra‐day low of JPY94.42/USD and made an intraday high of JPY95.75/USD and settled the day 0.867% up at JPY95.30/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 93.90, using a stop loss of 92.40, targeting 95.60-96.80. Sell below 96.40-96.90, using a stop loss of 97.30, targeting 93.10 and 92.30. http://www.ikonmarkets.com/daily-reports/2013/06/19/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 20, 2013 Author Report Share Posted June 20, 2013 June 20, 2013 Gold (spot) closed down on Wednesday made its intraday high of US$1376.40/ounce before setting intraday low of US$1348.79/ounce. Gold went down by 1.232% at US$1350.84/ounce. Trading Strategy: Neutral Sell at strength at 1348-1362; targeting 1374-1361 and 1355-1344, upside breakage of 1365 will lead to 1374-1379 and 1384-1394. Buy on dips at 1325-1338with strict stop loss below 13201-hourly closing; targeting 1354-1365 and 1371-1381; break below 1320 will call for 1305-1290. Silver (spot) closed down on Wednesday made its intraday high of US$21.82/ounce before setting intraday low of US$21.26/ounce. Silver settled 1.292% down at US$21.39/ounce. Trading Strategy: Neutral Short positions at 21.40-21.90 with stop above 22.30; targeting 21.10-20.75, upside breakout of 22.30 will open the way to 22.50-22.90 and 23.20-23.80. Buyers can buy above 20.75-20.25, targeting 21.40-21.60 and 21.95-22.30 with risk below 20.10. Crude futures (July 2013) on Wednesday made an intra‐day high of US$98.99/bbl and made an intraday low of US$97.55/bbl and settled up by 0.618% at US$98.99/bbl on session close. Trading Strategy: Neutral Based on today’s chart, we prefer to short oil below 97.05-98.40, targeting 96.40-95.90 and 94.60-93.90. Stop loss with four-hour closing above 99.20.Buy above 95.90 targeting 97.05-97.60 and 98.90-90.60. EUR/USD on Wednesday made an intra‐day low of US$1.3293/EUR and made an intraday high of US$1.3415/EUR and settled the day 0.731% down at US$1.3293/EUR on session close. Trading Strategy: Neutral Based on today’s chart, selling the pair 1.3305-1.3390 with risk above 1.3420; targeting 1.3310-1.3240; whereas, buying can be done above1.3280-1.3320 targeting 1.3390 and 1.3450with stop-loss with four-hour closing below 1.3150. GBP/USD on Wednesday made an intra‐day low of US$1.5448/GBP and made an intraday high of US$1.5676/GBP and settled the day down by 1.214% at US$1.5480/GBP on session close. Trading Strategy: Neutral Based on today’s chart, sell below 1.5510-1.5570, targeting 1.5460 and 1.5300-1.5250; alternatively, a break above 1.5630 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5250targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5190. USD/JPY on Wednesday an intra‐day low of JPY 94.82/USD and made an intraday high of JPY97.02/USD and settled the day1.175% up at JPY96.42/USD on session close. Trading Strategy: Neutral Based on today’s chart, Buy above 95.60-95.10, using a stop loss of 94.30, targeting 95.60-96.80. Sell below 96.40-96.90, using a stop loss of 97.30, targeting 93.10 and 92.30. http://www.ikonmarkets.com/daily-reports/2013/06/20/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 21, 2013 Author Report Share Posted June 21, 2013 June 21, 2013 Gold (spot) closed down on Thursday made its intraday high of US$1351.50/ounce before setting intraday low of US$1376.16/ounce. Gold went down by 4.959% at US$1284.47/ounce. Trading Strategy: Neutral Sell at strength at 1310-1320; targeting 1289-1285 and 1374-1368, upside breakage of 1324 will lead to 1334-1338 and 1344-1354. Buy on dips at 1285-1274 with strict stop loss below 1268 1-hourly closing; targeting 1305-1320 and 1334-1344; break below 1268 will call for 1260-1250. Silver (spot) closed down on Thursday made its intraday high of US$21.34/ounce before setting intraday low of US$19.66/ounce. Silver settled 7.87% down at US$19.66/ounce. Trading Strategy: Neutral Short positions at 20.75-20.95 with stop above 21.30; targeting 19.60-19.30 and 18.95, upside breakout of 21.30 will open the way to 21.90-22.50 and 22.90-23.20. Buyers can buy above 20.75-20.25, targeting 21.40-21.60 and 21.95-22.30 with risk below 20.10. Crude futures (July 2013) on Thursday made an intra‐day high of US$98.20/bbl and made an intraday low of US$94.62/bbl and settled down by 3.289% at US$94.95/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 95.70-97.05, targeting 94.60-93.90. Stop loss with four-hour closing above 99.20. Buy above 94.60 targeting 97.05-97.60 and 98.90-90.60. EUR/USD on Thursday made an intra‐day low of US$1.3160/EUR and made an intraday high of US$1.3300/EUR and settled the day 0.564% down at US$1.3218/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair 1.3305-1.3390 with risk above 1.3420; targeting 1.3310-1.3240; whereas, buying can be done above 1.3280-1.3320 targeting 1.3390 and 1.3450 with stop-loss with four-hour closing below 1.3150. GBP/USD on Thursday made an intra‐day low of US$1.5413/GBP and made an intraday high of US$1.5516/GBP and settled the day up by 0.161% at US$1.5506/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5465-1.5510, targeting 1.5425-1.3800 and 1.5300-1.5250; alternatively, a break above 1.5630 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5250 targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5190. USD/JPY on Thursday an intra‐day low of JPY96.19/USD and made an intraday high of JPY 98.27/USD and settled the day 0.891% up at JPY97.28/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 95.60-95.10, using a stop loss of 94.30, targeting 95.60-96.80. Sell below 96.40-96.90, using a stop loss of 97.30, targeting 93.10 and 92.30. http://ikonmarkets.com/daily-reports/2013/06/21/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 24, 2013 Author Report Share Posted June 24, 2013 June 24, 2013 Gold (spot) closed up on Friday made its intraday high of US$1302.30/ounce after setting intraday low of US$1369.40/ounce. Gold went up by 1.286% at US$1295.93/ounce. Trading Strategy: Neutral Sell at strength at 1287-1305; targeting 1274-1268 and 1260, upside breakage of 1320 will lead to 1334-1338 and 1344-1354. Buy on dips at 1260-1268 with strict stop loss below 1250 1-hourly closing; targeting 1305-1320 and 1334-1344; break below 1255 will call for 1235-1210. Silver (spot) closed up on Friday made its intraday high of US$20.13/ounce before setting intraday low of US$19.38/ounce. Silver settled 2.396% up at US$20.08/ounce. Trading Strategy: Neutral Short positions at 20.75-20.95 with stop above 21.30; targeting 19.60-19.30 and 18.95, upside breakout of 21.30 will open the way to 21.90-22.50 and 22.90-23.20. Buyers can buy above 20.75-20.25, targeting 21.40-21.60 and 21.95-22.30 with risk below 20.10. Crude futures (July 2013) on Friday made an intra‐day high of US$95.81/bbl and made an intraday low of US$93.09/bbl and settled down by 1.127% at US$93.86/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 94.90-95.70, targeting 92.90-92.20 and 91.60-90.05. Stop loss with four-hour closing above 97.05. Buy above 91.60 targeting 93.60-94.90 and 95.70-97.05. EUR/USD on Friday made an intra‐day low of US$1.3097/EUR and made an intraday high of US$1.3253/EUR and settled the day 0.748% down at US$1.3119/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950. GBP/USD on Friday made an intra‐day low of US$1.5367/GBP and made an intraday high of US$1.5528/GBP and settled the day down by 0.574% at US$1.5416/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5410-1.5500, targeting 1.5320-1.5250; alternatively, a break above 1.5570 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5250 targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5190. USD/JPY on Friday an intra‐day low of JPY96.85/USD and made an intraday high of JPY 98.12/USD and settled the day 0.606% up at JPY97.88/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 96.70-97.30, using a stop loss of 95.70, targeting 99.80-100.50. Sell below 99.20-99.80, using a stop loss of 100.50, targeting 98.05-97.30 and 95.70-94.60. http://ikonmarkets.com/daily-reports/2013/06/24/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 25, 2013 Author Report Share Posted June 25, 2013 June 25, 2013 Gold (spot) closed down on Monday made its intraday high of US$1301.30/ounce before setting intraday low of US$1276.12/ounce. Gold went down by 1.164% at US$1281.93/ounce. Trading Strategy: Neutral Sell at strength at 1287-1305; targeting 1274-1268 and 1260, upside breakage of 1320 will lead to 1334-1338 and 1344-1354. Buy on dips at 1260-1268 with strict stop loss below 1250 1-hourly closing; targeting 1305-1320 and 1334-1344; break below 1255 will call for 1235-1210. Silver (spot) closed down on Tuesday made its intraday high of US$20.22/ounce before setting intraday low of US$19.45/ounce. Silver settled 2.04% down at US$19.67/ounce. Trading Strategy: Neutral Short positions at 20.75-20.95 with stop above 21.30; targeting 19.60-19.30 and 18.95, upside breakout of 21.30 will open the way to 21.90-22.50 and 22.90-23.20. Buyers can buy above 20.75-20.25, targeting 21.40-21.60 and 21.95-22.30 with risk below 20.10. Crude futures (July 2013) on Monday made an intra‐day high of US$95.56/bbl and made an intraday low of US$92.65/bbl and settled up by 1.14% at US$94.92/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 94.90-95.70, targeting 92.90-92.20 and 91.60-90.05. Stop loss with four-hour closing above 97.05. Buy above 91.60 targeting 93.60-94.90 and 95.70-97.05. EUR/USD on Monday made an intra‐day low of US$1.3058/EUR and made an intraday high of US$1.3143/EUR and settled the day 0.206% up at US$1.3117/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above 1.3000 targeting 1.3150-1.3240 and 1.3390 with stop-loss with four-hour closing below 1.2950. GBP/USD on Monday made an intra‐day low of US$1.5342/GBP and made an intraday high of US$1.5464/GBP and settled the day down by 0.390% at US$1.5432/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5480-1.5510, targeting 1.5320-1.5250; alternatively, a break above 1.5570 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5410 targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5260. USD/JPY on Monday an intra‐day low of JPY97.21/USD and made an intraday high of JPY 98.69/USD and settled the day 0.183% down at JPY97.71/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 96.70-97.30, using a stop loss of 95.70, targeting 99.80-100.50. Sell below 99.20-99.80, using a stop loss of 100.50, targeting 98.05-97.30 and 95.70-94.60. http://ikonmarkets.com/daily-reports/2013/06/25/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 26, 2013 Author Report Share Posted June 26, 2013 June 26, 2013 Gold (spot) closed down on Tuesday made its intraday high of US$1289.50/ounce before setting intraday low of US$1271.50/ounce. Gold went down by0.396%at US$1277.12/ounce. Trading Strategy: Neutral Sell at strength at 1268-1288; targeting 1244-1238 and 1230-1218, upside breakage of 1290 will lead to 1305-1320 and 1334-1338. Buy on dips at 1236-1244with strict stop loss below 12301-hourly closing; targeting 1260-1274 and 1284-1293; break below 1230 will call for 1218-1205. Silver (spot) closed down on Tuesday made its intraday high of US$19.85/ounce before setting intraday low of US$19.46/ounce. Silver settled 2.03% down at US$19.62/ounce. Trading Strategy: Neutral Short positions at 19.30-19.90 with stop above 20.50; targeting 18.50-17.90, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 17.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.05. Crude futures (July 2013) on Tuesday made an intra‐day high of US$96.14/bbl and made an intraday low of US$94.57/bbl and settled up by 0.221%at US$95.21/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 94.90-95.70, targeting 92.90-92.20 and 91.60-90.05. Stop loss with four-hour closing above 97.05. Buy above 91.60 targeting 93.60-94.90 and 95.70-97.05. EUR/USD on Tuesday made an intra‐day low ofUS$1.3064/EUR and made an intraday high of US$1.3149/EUR and settled the day 0.320%downat US$1.3075/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above1.3000 targeting 1.3150-1.3240 and 1.3390with stop-loss with four-hour closing below 1.2950. GBP/USD on Tuesday made an intra‐day low ofUS$1.5396/GBP and made an intraday high of US$1.5476/GBP and settled the day down by 0.07% at US$1.5420/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5480-1.5510, targeting 1.5320-1.5250; alternatively, a break above 1.5570 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5410targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5260. USD/JPY on Tuesday an intra‐day low of JPY96.95/USD and made an intraday high of JPY98.05/USD and settled the day 0.081%upat JPY97.80/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 96.70-97.30, using a stop loss of 95.70, targeting 99.80-100.50. Sell below 99.20-99.80, using a stop loss of 100.50, targeting 98.05-97.30 and 95.70-94.60. http://www.ikonmarkets.com/daily-reports/2013/06/26/ Quote Link to comment Share on other sites More sharing options...
Ajawed Posted June 27, 2013 Author Report Share Posted June 27, 2013 June 27, 2013 Gold (spot) closed down on Wednesday made its intraday high of US$1277.67/ounce before setting intraday low of US$1221.68/ounce. Gold went down by 3.99% at US$1226.13/ounce. Trading Strategy: Neutral to Sell Strength Sell at strength at 1248-1264; targeting 1230-1218 and 1205, upside breakage of 1270 will lead to 1284-1290 and 1305-1320. Buy on dips at 1218-1205with strict stop loss below 11951-hourly closing; targeting 1248-1260 and 1274-1284; break below 1195 will call for 1170-1150. Silver (spot) closed down on Wednesday made its intraday high of US$19.65/ounce before setting intraday low of US$19.43/ounce. Silver settled 5.609% down at US$18.51/ounce. Trading Strategy: Neutral to Strength Short positions at 19.30-19.90 with stop above 20.50; targeting 18.50-17.90, upside breakout of 20.50 will open the way to 21.30-21.90 and 22.50-22.90. Buyers can buy above 17.90, targeting 19.30-19.90 and 20.10-20.50 with risk below 17.05. Crude futures (July 2013) on Wednesday made an intra‐day high of US$96.67/bbl and made an intraday low of US$93.65/bbl and settled up by 0.304% at US$95.45/bbl on session close. Trading Strategy: Neutral Based on today’s market, we prefer to short oil below 95.90-97.05, targeting 94.90-94.20 and 92.90-92.20. Stop loss with four-hour closing above 98.40.Buy above 92.20-92.90targeting 93.60-94.90 and 95.70-97.05. EUR/USD on Wednesday made an intra‐day low of US$1.2983/EUR and made an intraday high of US$1.3086/EUR and settled the day 0.497% down at US$1.3010/EUR on session close. Trading Strategy: Neutral Based on today’s market, selling the pair 1.3100-1.3190 with risk above 1.3250; targeting 1.3010-1.2950; whereas, buying can be done above1.3000 targeting 1.3150-1.3240 and 1.3390with stop-loss with four-hour closing below 1.2950. GBP/USD on Wednesday made an intra‐day low of US$1.5296/GBP and made an intraday high of US$1.5439/GBP and settled the day down by 0.706% at US$1.5311/GBP on session close. Trading Strategy: Neutral Based on today’s market, sell below 1.5480-1.5510, targeting 1.5320-1.5250; alternatively, a break above 1.5570 might call for 1.5685—1.5720 and 1.5800. Buying can be done 1.5300-1.5410targeting 1.5510-1.5570 and 1.5630-1.5690; stop-loss with four-hour closing below 1.5270. USD/JPY on Wednesday an intra‐day low of JPY97.23/USD and made an intraday high of JPY97.74/USD and settled the day 0.081% up at JPY97.74/USD on session close. Trading Strategy: Neutral Based on today’s market, Buy above 96.70-97.30, using a stop loss of 95.70, targeting 99.80-100.50. Sell below 99.20-99.80, using a stop loss of 100.50, targeting 98.05-97.30 and 95.70-94.60. Ikon Markets Quote Link to comment Share on other sites More sharing options...
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