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/
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/
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