Ajawed

September 20, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,374.98/ounce after setting intraday low of US$1,358.54/ounce. Gold went up by 0.09% at US$1,365.62/ounce.

Trading Strategy: Neutral

Buy on dips at 1354-1340 with strict stop loss below 1325 1-hourly closing; targeting 1368-1374 and 1384-1396; break below 1325 will call for 1316-1301. Sell at strength at 1374-1386; targeting 1354-1344 and 1334-1325, upside breakage of 1404 will lead to 1420-1434.

Silver (spot) closed up on Thursday made its intraday high of US$23.39/ounce after setting intraday low of US$22.80/ounce. Silver settled 0.26% up at US$23.01/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.75-22.30, targeting 23.30-23.75 and 24.40 with risk below 21.90 hourly closing. Short positions at 23.35-23.95 with stop above 24.40; targeting 22.75-22.30 and 22.05-21.75 upside breakout of 24.40 will open the way to 24.90-25.30.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$108.14/bbl and made an intraday low of US$105.54/bbl and settled down by 1.590% at US$105.67/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.90 with risk above 109.20; targeting 105.30-104.20. Upside breakage of 109.20 will lead to 109.60-110.60 and 111.80. Buy in between 105.30-104.20 with risk below 103.80; targeting 107.20-107.90 and 108.90-109.60.

EUR/USD on Thursday made an intra‐day low of US$1.3500/EUR and made an intraday high of US$1.3568/EUR and settled the day 0.050% up at US$1.3528/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, buying can be done above 1.3450-1.3350 targeting 1.3395-1.3450 with stop-loss with four-hour closing below 1.3250. Selling the pair 1.3590-1.3690 with risk above 1.3730; targeting 1.3450-1.3380 and 1.3320-1.3250.

GBP/USD on Thursday made an intra‐day low of US$1.6022/GBP and made an intraday high of US$1.6148/GBP and settled the day down by 0.700% at US$1.6029/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; buying above 1.6050-1.5890 targeting 1.6170-1.6302 with stop-loss four-hour closing below 1.5820; breakage below 1.5820 targeting 1.5750-1.5700.

USD/JPY on Thursday an intra‐day low of JPY97.86/USD and made an intraday high of JPY 99.63/USD and settled the day 1.560% up at JPY99.46/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 99.40-99.90, using a stop loss of 100.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.20 might call for 100.80-101.20 and 101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80

http://www.ikonmarkets.com/daily-reports/2013/09/20/

September 18 , 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,323.70/ounce aftersetting intraday low of US$1,305.97/ounce. Gold went down by 0.110% at US$1,310.28/ounce.

Trading Strategy: Neutral

Buy on dips at 1277-1287 with strict stop loss below 12771-hourly closing; targeting 1320-1334 and 1344-1352; break below 1277 will call for 1267-1240. Sell at strength at 1307-1325; targeting 1307-1297 and 1287-1294, upside breakage of 1325 will lead to 1334-1342 and 1352-1360.

Silver (spot) closed down on Tuesday made its intraday high of US$22.09/ounce before setting intraday low of US$21.61/ounce. Silver settled 0.091% down at US$21.74/ounce.

Trading Strategy: Neutral

Short positions at 21.70-22.35 with stop above 22.95; targeting 21.75-21.45 and 21.10 upside breakout of 22.95 will open the way to 23.35-23.65 and 24.05-24.50. Buyers can buy above 21.10-21.40, targeting 21.90-22.10 and 22.35-22.75 with risk below 21.00 hourly closing.

Crude futures (Oct 2013) on Tuesday made an intra‐day high of US$106.41/bbl and made an intraday low of US$104.95/bbl and settled down by 0.649% at US$105.52/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.50-106.90 with risk above 107.90; targeting 105.30-104.80 and 103.80. Upside breakage of 107.90 will lead to 108.30-108.90 and 109.60.

EUR/USD on Tuesday made an intra‐day low of US$1.3324/EUR and made an intraday high of US$1.3368/EUR and settled the day 0.187% up at US$1.3357/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above ,selling the pair 1.3380-1.3430 with risk above 1.3450; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3450 might call for 1.3490. Buying can be done above 1.3350-1.3290 targeting 1.3395-1.3450 with stop-loss with four-hour closing below 1.3250

GBP/USD on Tuesday made an intra‐day low of US$1.5894/GBP and made an intraday high of US$1.5935/GBP and settled the day up by 0.050% at US$1.5902/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; buying above 1.5850-1.5820 targeting 1.5950-1.600 and 1.6040-1.6170 with stop-loss four-hour closing below 1.5700; breakage below 1.5600 targeting 1.5550-1.5470.

USD/JPY on Tuesday an intra‐day low of JPY98.99/USD and made an intraday high of JPY99.10/USD and settled the day 0.040% up at JPY99.10/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 99.50-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90.Alternatively, a break above 100.80 might call for 101.20-101.80.Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/18/

September 17,2013

Gold (spot) closed down on Monday made its intraday high of US$1,335.11/ounce after setting intraday low of US$1,302.74/ounce. Gold went down by 1.585% at US$1,312.36/ounce

Trading Strategy: Neutral

Buy on dips at 1307-1297 with strict stop loss below 1297 1-hourly closing; targeting 1320-1334 and 1344-1352; break below 1297 will call for 1287-1274. Sell at strength at 1320-1334; targeting 1307-1297 and 1287-1294, upside breakage of 1338 will lead to 1342-1354 and 1360-1369.

Silver (spot) closed down on Monday made its intraday high of US$22.40/ounce before setting intraday low of US$21.65/ounce. Silver settled 2.636% down at US$21.79/ounce.

Trading Strategy: Neutral

Short positions at 22.05-22.65 with stop above 22.95; targeting 21.75-21.45 and 21.10 upside breakout of 22.95 will open the way to 23.35-23.65 and 24.05-24.50. Buyers can buy above 21.40-21.70, targeting 22.05-22.35 and 22.75-23.30 with risk below 21.05 hourly closing.

Crude futures (Oct 2013) on Monday made an intra‐day high of US$107.98/bbl and made an intraday low of US$106.05/bbl and settled down by 1.246% at US$106.14/bbl on session close

Trading Strategy: Neutral

Sell in-between 106.50-106.90 with risk above 107.90; targeting 105.30-104.80 and 103.80. Upside breakage of 107.90 will lead to 108.30-108.90 and 109.60.

EUR/USD on Monday made an intra‐day low of US$1.3329/EUR and made an intraday high of US$1.3320/EUR and settled the day 0.194% down at US$1.3332/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, selling the pair 1.3380-1.3430 with risk above 1.3450; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3450 might call for 1.3490. Buying can be done above 1.3320-1.3250 targeting 1.3395-1.3450 with stop-loss with four-hour closing below 1.3140.

GBP/USD on Monday made an intra‐day low of US$1.5893/GBP and made an intraday high of US$1.5962/GBP and settled the day down by 0.288% at US$1.5894/GBP on session close

Trading Strategy: Neutral

Based on the charts and explanations above; buying above 1.5850-1.5820 targeting 1.5950-1.600 and 1.6040-1.6170 with stop-loss four-hour closing below 1.5700; breakage below 1.5600 targeting 1.5550-1.5470.

USD/JPY on Monday an intra‐day low of JPY98.44/USD and made an intraday high of JPY 99.17/USD and settled the day 0.385% down at JPY99.04/USD on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 99.50-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/17/

September 16, 2013

Gold (spot) closed upon Friday made its intraday high of US$1,330.60/ounce after setting intraday low of US$1,304.96/ounce. Gold went up by 0.25% at US$1,325.60/ounce.

Trading Strategy: Neutral

Buy on dips at 1307-1297 with strict stop loss below 12971-hourly closing; targeting 1320-1334 and 1344-1352; break below 1297 will call for 1287-1274. Sell at strength at 1334-1342; targeting 1307-1297 and 1287-1294, upside breakage of 1354 will lead to 1360-1369.

Silver (spot) closed upon Friday made its intraday high of US$22.24/ounce before setting intraday low of US$21.39/ounce. Silver settled 1.834% up at US$22.20/ounce.

Trading Strategy: Neutral

Short positions at 22.35-22.95 with stop above 23.35; targeting 22.05-21.75 and 21.10 upside breakout of 23.35 will open the way to 23.65-24.05 and 24.50-24.90. Buyers can buy above 21.50-21.90, targeting 22.35-22.75 and 23.30-23.65with risk below 21.05 hourly closing.

Crude futures (Oct 2013) on Friday made an intra‐day high of US$108.72/bbl and made an intraday low of US$107.22/bbl and settled down by 0.082% at US$108.52/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.90-108.90 with risk above 109.60; targeting 106.90-106.30 and 105.30-104.50.Upside breakage of 109.70 will lead to 110.60-111.80. Buy in 106.30-106.90 with risk below 105.90; targeting 108.80-109.60 and 110.60.

EUR/USD on Friday made an intra‐day low of US$1.3253/EUR and made an intraday high of US$1.3320/EUR and settled the day 0.037% down at US$1.3293/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, selling the pair 1.3380-1.3430 with risk above 1.3450; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3450 might call for 1.3490. Buying can be done above 1.3320-1.3250 targeting 1.3395-1.3450 with stop-loss with four-hour closing below 1.3140.

GBP/USD on Friday made an intra‐day low of US$1.5775/GBP and made an intraday high of US$1.5883/GBP and settled the day up by 0.461% at US$1.5875/GBP on session close.

Trading Strategy: Neutral

Based on the charts and explanations above; buying above 1.5850-1.5820 targeting 1.5950-1.600 and 1.6040-1.6170 with stop-loss four-hour closing below 1.5700; breakage below 1.5600 targeting 1.5550-1.5470.

USD/JPY on Friday an intra‐day low of JPY99.18/USD and made an intraday high of JPY99.97/USD and settled the day0.150% down at JPY99.36/USD on session close

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 99.50-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90.Alternatively, a break above 100.80 might call for 101.20-101.80.Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80

http://www.ikonmarkets.com/daily-reports/2013/09/16/

September 13th,2013

Gold (spot) closed down on Thursday made its intraday high of US$1,366.21/ounce after setting intraday low of US$1,320.43/ounce. Gold went down by 3.24% at US$1,321.66/ounce.

Trading Strategy: Neutral

Buy on dips at 1307-1297with strict stop loss below 12971-hourly closing; targeting 1320-1334 and 1344-1352; break below 1297 will call for 1287-1274. Sell at strength at 1320-1334; targeting 1307-1297 and 1287-1294, upside breakage of 1334 will lead to 1344-1352.

Silver (spot) closed down on Thursday made its intraday high of US$23.22/ounce before setting intraday low of US$22.78/ounce. Silver settled 6.08% down at US$21.78/ounce

Trading Strategy: Neutral

Short positions at 23.35-23.65 with stop above 24.05; targeting 22.75-22.45 upside breakout of 24.05 will open the way to 24.50-24.90 and 25.40-25.90. Buyers can buy above 22.40-22.70, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.05 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$109.14/bbl and made an intraday low of US$107.29/bbl and settled up by 0.89%at US$108.71/bbl on session close

Trading Strategy:Neutral

Sell in-between 108.80-109.60 with risk above 109.70; targeting 106.90-106.30 and 105.30-104.50.Upside breakage of 109.70 will lead to 110.60-111.80. Buy in 106.30-107.50 with risk below 105.90; targeting 108.80-109.60 and 110.60.

EUR/USD on Thursday made an intra‐day low of US$1.3255/EUR and made an intraday high of US$1.3323/EUR and settled the day 0.086% down at US$1.3298/EUR on session close.

Trading Strategy: Neutral

Based on the charts and explanations above, selling the pair 1.3290-1.3350 with risk above 1.3400; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3400 might call for 1.3460-1.3490. Buying can be done above1.3250-1.3190 targeting 1.3290-1.3395with stop-loss with four-hour closing below 1.3105

September 11, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,391.14/ounce after setting intraday low of US$1,357.60/ounce. Gold went down by 1.658% at US$1,363.21/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1380; targeting 1358-1352 and 1344-1336, upside breakage of 1392 will lead to 1398-1406 and 1411-1418. Buy on dips at 1358-1352 with strict stop loss below 1352 1-hourly closing; targeting 1374-1380 and 1386-1394; break below 1352 will call for 1348-1342 and 1336.

Silver (spot) closed down on Tuesday made its intraday high of US$23.77/ounce before setting intraday low of US$22.79/ounce. Silver settled 3.08% down at US$23.97/ounce

Trading Strategy: Neutral

Short positions at 23.35-23.65 with stop above 24.05; targeting 22.75-22.45 upside breakout of 24.05 will open the way to 24.50-24.90 and 25.40-25.90. Buyers can buy above 22.40-22.80, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.05 hourly closing.

Crude futures (Oct 2013) on Tuesday made an intra‐day high of US$110.44/bbl and made an intraday low of US$108.75/bbl and settled down by 1.197% at US$108.93/bbl on session close

Trading Strategy: Neutral

Sell in-between 107.50-108.80 with risk above 108.80; targeting 106.90-106.30 and 105.30-104.50. Upside breakage of 108.80 will lead to 109.60-110.60 and 111.80. Buy in 105.90-106.70 with risk below 105.70; targeting 107.50-108.20 and 108.80-109.60

EUR/USD on Tuesday made an intra‐day low of US$1.3229/EUR and made an intraday high of US$1.3275/EUR and settled the day 0.098% up at US$1.3266/EUR on session close

Trading Strategy: Neutral

Based on the charts and explanations above, selling the pair 1.3290-1.3350 with risk above 1.3400; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3400 might call for 1.3460-1.3490. Buying can be done above 1.3190-1.3145 targeting 1.3290-1.3395 with stop-loss with four-hour closing below 1.3105

GBP/USD on Tuesday made an intra‐day low of US$1.5684/GBP and made an intraday high of US$1.5743/GBP and settled the day up by 0.242% at US$1.5731/GBP on session close

Trading Strategy: Neutral

Based on the charts and explanations above; sell below 1.5750 targeting 1.5650-1.5590 and 1.5560-1.5520. Buying above 1.5645-1.5610 targeting 1.5715-1.5800 and 1.5875 with stop-loss four-hour closing below 1.5550; breakage below 1.5550 targeting 1.5500-1.5470

USD/JPY on Tuesday an intra‐day low of JPY99.46/USD and made an intraday high of JPY 100.45/USD and settled the day 0.803% up at JPY100.36/USD on session close

Trading Strategy: Neutral

Based on the charts and explanations above, sell below 100.20-100.80, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80

September 10, 2013

Gold (spot)closed down on Monday made its intraday highof US$1,394.20/ounce aftersetting intraday low of US$1,381.78/ounce. Gold went down by0.307%at US$1,386.65/ounce.

Trading Strategy: Neutral

Sell at strength at 1380-1391; targeting 1389-1384 and 1374-1364, upside breakage of 1398 will lead to 1402-1406 and 1411-1417.Buy on dips at 1366-1374with strict stop loss below 13601-hourly closing; targeting 1379-1388 and 1394-1402; break below 1360 will call for 1354-1348 and 1342-1336.

Silver (spot) closed downonMondaymade its intraday highof US$24.11/ouncebeforesetting intraday lowof US$23.41/ounce. Silver settled 0.503%downat US$23.69/ounce.

Trading Strategy: Neutral

Short positions at 23.95-24.24with stop above 24.50; targeting 23.25-22.80 upside breakout of 24.50 will open the way to24.90-25.40 and 25.90. Buyers can buy above 23.30-22.80, targeting 23.65-24.10 and 24.50-24.90with risk below 22.75 hourly closing.

Crude futures (Oct 2013) onMondaymadean intra‐day high of US$110.44/bbl and made an intraday low of US$108.75/bbland settled down by 1.197%at US$108.93/bbl on session close.

Trading Strategy: Neutral

Sell in-between109.60-110.90with risk above 112.30; targeting 109.60-108.90 and 107.50-106.90.Upside breakage of 112.30 will lead to 113.40-114.00. Buy in 107.40-108.20 with risk below 106.90; targeting 110.40-111.80 and 112.30.

EUR/USD on Monday made an intra‐day low of US$1.3161/EUR and made an intraday high of US$1.3253/EUR and settled the day 0.669%upat US$1.3253/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above1.3190-1.3145 targeting 1.3290-1.3395with stop-loss with four-hour closing below 1.3105. Selling can1.3290-1.3350with risk above 1.3400; targeting 1.3220-1.3190 and 1.3120-1.3090; alternatively, break above 1.3400 might call for 1.3460-1.3490.

GBP/USD on Monday made an intra‐day low of US$1.5613/GBP and made an intraday high of US$1.5731/GBP and settled the day upby0.512% at US$1.5693/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.5645-1.5610 targeting 1.5715-1.5800 and 1.5875 with stop-loss four-hour closing below 1.5550; breakage below 1.5550 targeting 1.5500-1.5470. Sell in between1.5700-1.5750, stop loss above 1.5750targeting 1.5560-1.5520 and 1.5490-1.5410.

USD/JPY on Friday an intra‐day low ofJPY98.53/USD and made an intraday high of JPY100.21/USD and settled the day0.989%downat JPY99.10/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90.Alternatively, a break above 100.80might call for 101.20-101.80.Buy above 97.90-98.50, using a stop loss ofbelow 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/10/

September 9, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,393.18/ounce after setting intraday low of US$1,360.35/ounce. Gold went up by 1.788% at US$1,391.35/ounce.

Trading Strategy: Neutral

Sell at strength at 1394-1402; targeting 1389-1384 and 1374-1364, upside breakage of 1406 will lead to 1411-1417 and 1424-1431. Buy on dips at 1366-1375 with strict stop loss below 1360 1-hourly closing; targeting 1379-1387 and 1394-1402; break below 1360 will call for 1354-1348 and 1342-1336.

Silver (spot) closed up on Friday made its intraday high of US$23.92/ounce before setting intraday low of US$23.04/ounce. Silver settled 3.025% up at US$23.84/ounce.

Trading Strategy: Neutral

Short positions at 23.95-24.24 with stop above 24.50; targeting 23.25-22.80 upside breakout of 24.50 will open the way to 24.90-25.40 and 25.90. Buyers can buy above 23.05-22.80, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Friday made an intra‐day high of US$110.68/bbl and made an intraday low of US$108.11/bbl and settled down by 1.463% at US$110.24/bbl on session close.

Trading Strategy: Neutral

Sell in-between 110.40-110.90 with risk above 112.30; targeting 109.60-108.90 and 107.50-106.90. Upside breakage of 112.30 will lead to 113.40-114.00. Buy in 107.90-109.20 with risk below 107.50; targeting 110.40-111.80 and 112.30.

EUR/USD on Friday made an intra‐day low of US$1.3103/EUR and made an intraday high of US$1.3188/EUR and settled the day 0.449% up at US$1.3177/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.3105-1.3145 targeting 1.3190 and 1.3240-1.3290 with stop-loss with four-hour closing below 1.3020. Selling can 1.3205-1.3250 with risk above 1.3290; targeting 1.3120-1.3090 and 1.3020-1.2905; alternatively, break above 1.3290 might call for 1.3350-1.3420 and 1.3460-1.3490.

GBP/USD on Friday made an intra‐day low of US$1.5561/GBP and made an intraday high of US$1.5680/GBP and settled the day down by 0.269% at US$1.5630/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5690-1.5720, stop loss above 1.5750 targeting 1.5560-1.5520 and 1.5490-1.5410. Buying can be done above 1.5550-1.5610 targeting 1.5690-1.5750; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY98.53/USD and made an intraday high of JPY 100.21/USD and settled the day 0.989% down at JPY99.10/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/09/

September 6, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,399.75/ounce after setting intraday low of US$1,364.82/ounce. Gold went down by 1.739% at US$1,367.05/ounce.

Trading Strategy: Neutral

Sell at strength at 1374-1387; targeting 1389-1384 and 1374-1364, upside breakage of 1394 will lead to 1402-1411 and 1417-1424. Buy on dips at 1357-1365 with strict stop loss below 1352 1-hourly closing; targeting 1379-1387 and 1394-1402; break below 1352 will call for 1342-1336.

Silver (spot) closed down on Thursday made its intraday high of US$23.64/ounce before setting intraday low of US$23.00/ounce. Silver settled 1.278% down at US$23.16/ounce.

Trading Strategy: Neutral

Short positions at 23.65-24.10 with stop above 24.50; targeting 23.25-22.80 upside breakout of 24.50 will open the way to 24.90-25.40 and 25.90. Buyers can buy above 23.05-22.80, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$108.51/bbl and made an intraday low of US$107.12/bbl and settled down by 0.949% at US$108.49/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.40-108.90 with risk above 109.20; targeting 107.50-106.90 and 106.50-105.70. Upside breakage of 109.20 will lead to 109.60-110.30 and 110.65-111.80.

EUR/USD on Thursday made an intra‐day low of US$1.3109/EUR and made an intraday high of US$1.3222/EUR and settled the day 0.658% down at US$1.3118/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.3105-1.3020 targeting 1.3150-1.3190 and 1.3240-1.3290 with stop-loss with four-hour closing below 1.3020. Selling can 1.3160-1.3205 with risk above 1.3290; targeting 1.3120-1.3090 and 1.3020-1.2905; alternatively, break above 1.3290 might call for 1.3350-1.3420 and 1.3460-1.3490.

GBP/USD on Thursday made an intra‐day low of US$1.5571/GBP and made an intraday high of US$1.5665/GBP and settled the day down by 0.230% at US$1.5588/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5690, stop loss above 1.5700 targeting 1.5560-1.5520 and 1.5490-1.5410. Buying can be done above 1.5490-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY99.55/USD and made an intraday high of JPY 100.20/USD and settled the day 0.371% up at JPY100.09/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/06/

September 5, 2013

Gold (spot) closed down on Wednesday made its intraday high of US$1,414.93/ounce after setting intraday low of US$1,384.63/ounce. Gold went down by 1.435% at US$1,391.45/ounce.

Trading Strategy: Neutral

Sell at strength at 1394-1415; targeting 1389-1384 and 1374-1364, upside breakage of 1417 will lead to 1424-1334 and 1440-1448. Buy on dips at 1384-1374 with strict stop loss below 1374 1-hourly closing; targeting 1402-1415 and 1424-1434; break below 1374 will call for 1366-1360 and 1354-1342.

Silver (spot) closed down on Wednesday made its intraday high of US$24.38/ounce before setting intraday low of US$23.34/ounce. Silver settled 3.21% down at US$23.47/ounce.

Trading Strategy: Neutral

Short positions at 23.65-24.10 with stop above 24.50; targeting 23.25-22.80 upside breakout of 24.50 will open the way to 24.90-25.40 and 25.90. Buyers can buy above 23.25-22.90, targeting 23.65-24.10 and 24.50-24.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Wednesday made an intra‐day high of US$108.58/bbl and made an intraday low of US$106.78/bbl and settled down by 1.078% at US$107.27/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.90-108.60 with risk above 109.20; targeting 107.50-106.90 and 106.50-105.70. Upside breakage of 109.20 will lead to 109.60-110.30 and 110.65-111.80.

EUR/USD on Wednesday made an intra‐day low of US$1.3156/EUR and made an intraday high of US$1.3217/EUR and settled the day 0.273% up at US$1.3205/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.3140-1.3090 targeting 1.3240-1.3290 and 1.3350-1.3390 with stop-loss with four-hour closing below 1.3020. Selling can 1.3195-1.3240 with risk above 1.3290; targeting 1.3140-1.3120 and 1.3090-1.3030; alternatively, break above 1.3290 might call for 1.3350-1.3420 and 1.3460-1.3490.

GBP/USD on Wednesday made an intra‐day low of US$1.5553/GBP and made an intraday high of US$1.5646/GBP and settled the day up by 0.437% at US$1.5623/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5690, stop loss above 1.5700 targeting 1.5560-1.5520 and 1.5490-1.5410. Buying can be done above 1.5490-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Wednesday an intra‐day low of JPY99.31/USD and made an intraday high of JPY 99.80/USD and settled the day 0.180% up at JPY99.73/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/05/

September 4, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,416.01/ounce after setting intraday low of US$1,384.55/ounce. Gold went up by 1.461% at US$1,412.09/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1389-1384 and 1374-1364, upside breakage of 1431 will lead to 1334-1440 and 1448-1454. Buy on dips at 1384-1392 with strict stop loss below 1374 1-hourly closing; targeting 1402-1415 and 1424-1434; break below 1374 will call for 1366-1360 and 1354-1342.

Silver (spot) closed up on Tuesday made its intraday high of US$24.49/ounce before setting intraday low of US$23.98/ounce. Silver settled 0.289% up at US$24.25/ounce.

Trading Strategy: Neutral

Short positions at 24.40-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Tuesday made an intra‐day high of US$108.80/bbl and made an intraday low of US$106.53/bbl and settled up by 1.516% at US$108.41/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.60-109.20 with risk above 109.60; targeting 107.50-106.50 and 105.70-104.20. Upside breakage of 109.20 will lead to 109.60-110.30 and 110.65-111.80.

EUR/USD on Tuesday made an intra‐day low of US$1.3182/EUR and made an intraday high of US$1.3226/EUR and settled the day 0.158% down at US$1.3190/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.3140-1.3090 targeting 1.3240-1.3290 and 1.3350-1.3390 with stop-loss with four-hour closing below 1.3020. Selling can 1.3195-1.3240 with risk above 1.3290; targeting 1.3140-1.3120 and 1.3090-1.3030; alternatively, break above 1.3290 might call for 1.3350-1.3420 and 1.3460-1.3490.

GBP/USD on Tuesday made an intra‐day low of US$1.5520/GBP and made an intraday high of US$1.5601/GBP and settled the day up by 0.090% at US$1.5556/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5590-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5410 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Tuesday an intra‐day low of JPY99.16/USD and made an intraday high of JPY 99.85/USD and settled the day 0.241% up at JPY99.55/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://ikonmarkets.com/daily-reports/2013/09/04/

September 3, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,398.14/ounce before setting intraday low of US$1,373.60/ounce. Gold went down by 0.093% at US$1,392.20/ounce.

Trading Strategy: Neutral

Sell at strength at 1398-1415; targeting 1389-1384 and 1374-1364, upside breakage of 1424 will lead to 1334-1440 and 1448-1454. Buy on dips at 1374-1382 with strict stop loss below 1364 1-hourly closing; targeting 1402-1415 and 1424-1434; break below 1364 will call for 1354-1342.

Silver (spot) closed up on Monday made its intraday high of US$24.37/ounce before setting intraday low of US$23.07/ounce. Silver settled 3.42% down at US$24.18/ounce.

Trading Strategy: Neutral

Short positions at 24.40-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Monday made an intra‐day high of US$107.27/bbl and made an intraday low of US$104.21/bbl and settled down by 0.242% at US$106.78/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.50 with risk above 108.90; targeting 105.70-104.20 and 103.40-102.20. Buy above 103.40-104.50 using a stop loss of 102.20, targeting 106.40-107.50 and 108.20-108.90.

EUR/USD on Monday made an intra‐day low of US$1.3182/EUR and made an intraday high of US$1.3226/EUR and settled the day 0.158% down at US$1.3190/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, buying the pair above 1.3120 targeting 1.3240-1.3290 and 1.3350-1.3390 with stop-loss with four-hour closing below 1.3020. Selling can 1.3205-1.3250 with risk above 1.3290; targeting 1.3165-1.3130 and 1.3030; alternatively, break above 1.3290 might call for 1.3350-1.3420 and 1.3460-1.3490.

GBP/USD on Monday made an intra‐day low of US$1.5504/GBP and made an intraday high of US$1.5592/GBP and settled the day up by 0.077% at US$1.5542/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5590-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5410 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Monday an intra‐day low of JPY98.26/USD and made an intraday high of JPY 99.32/USD and settled the day 0.912% up at JPY99.32/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.90-100.20, using a stop loss of 100.80, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 97.90-98.50, using a stop loss of below 97.20, targeting 98.90-99.90 and 100.20-100.80.

http://www.ikonmarkets.com/daily-reports/2013/09/03/

September 2, 2013

Gold (spot) closed down on Friday made its intraday high of US$1,410.99/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.868% at US$1,394.73/ounce.

Trading Strategy: Neutral

Sell at strength at 1402-1416; targeting 1389-1384 and 1374-1364, upside breakage of 1424 will lead to 1334-1440 and 1448-1454. Buy on dips at 1374-1382 with strict stop loss below 1364 1-hourly closing; targeting 1402-1415 and 1424-1434; break below 1364 will call for 1354-1342.

Silver (spot) closed down on Friday made its intraday high of US$24.00/ounce before setting intraday low of US$23.51/ounce. Silver settled 1.34% down at US$23.51/ounce.

Trading Strategy: Neutral

Short positions at 24.40-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Friday made an intra‐day high of US$108.72/bbl and made an intraday low of US$106.73/bbl and settled down by 0.488% at US$107.63/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.40-107.50 with risk above 108.90; targeting 105.70-104.20 and 103.40-102.20. Buy above 103.40-104.50 using a stop loss of 102.20, targeting 106.40-107.50 and 108.20-108.90.

EUR/USD on Friday made an intra‐day low of US$1.3172/EUR and made an intraday high of US$1.3254/EUR and settled the day 0.135% down at US$1.3221/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3190-1.3120 targeting 1.3240-1.3290 and 1.3350-1.3390 with stop-loss with four-hour closing below 1.2990. Selling can 1.3240-1.3290 with risk above 1.3350; targeting 1.3190-1.3130 and 1.2990; alternatively, break above 1.3350 might call for 1.3420-1.3460 and 1.3490-1.3520.

GBP/USD on Friday made an intra‐day low of US$1.5461/GBP and made an intraday high of US$1.5526/GBP and settled the day down by 0.0038% at US$1.5502/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5590-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5410 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY97.87/USD and made an intraday high of JPY 98.46/USD and settled the day 0.172% down at JPY98.16/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/09/02/

August 30, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,418.35/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.718% at US$1,407.30/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Thursday made its intraday high of US$24.42/ounce before setting intraday low of US$23.65/ounce. Silver settled 2.13% down at US$23.84/ounce.

Trading Strategy: Neutral

Short positions at 24.20-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$110.01/bbl and made an intraday low of US$107.71/bbl and settled down by 1.214% at US$108.16/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.20-109.80 with risk above 110.90; targeting 107.50-106.90 and 106.40-105.70. Buy above 105.70-106.40 using a stop loss of 104.50, targeting 108.20-108.90 and 109.80-110.80.

EUR/USD on Thursday made an intra‐day low of US$1.3218/EUR and made an intraday high of US$1.3342/EUR and settled the day 0.742% down at US$1.3239/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3290-1.3350 and 1.3390-1.3420 with stop-loss with four-hour closing below 1.3170. Selling can 1.3290-1.3350 with risk above 1.3420; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3420 might call for 1.3460-1.3490 and 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5481/GBP and made an intraday high of US$1.5547/GBP and settled the day down by 0.135% at US$1.5502/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/30/

August 30, 2013

Gold (spot) closed down on Thursday made its intraday high of US$1,418.35/ounce before setting intraday low of US$1,412.20/ounce. Gold went down by 0.718% at US$1,407.30/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Thursday made its intraday high of US$24.42/ounce before setting intraday low of US$23.65/ounce. Silver settled 2.13% down at US$23.84/ounce.

Trading Strategy: Neutral

Short positions at 24.20-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (Oct 2013) on Thursday made an intra‐day high of US$110.01/bbl and made an intraday low of US$107.71/bbl and settled down by 1.214% at US$108.16/bbl on session close.

Trading Strategy: Neutral

Sell in-between 108.20-109.80 with risk above 110.90; targeting 107.50-106.90 and 106.40-105.70. Buy above 105.70-106.40 using a stop loss of 104.50, targeting 108.20-108.90 and 109.80-110.80.

EUR/USD on Thursday made an intra‐day low of US$1.3218/EUR and made an intraday high of US$1.3342/EUR and settled the day 0.742% down at US$1.3239/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3290-1.3350 and 1.3390-1.3420 with stop-loss with four-hour closing below 1.3170. Selling can 1.3290-1.3350 with risk above 1.3420; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3420 might call for 1.3460-1.3490 and 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5481/GBP and made an intraday high of US$1.5547/GBP and settled the day down by 0.135% at US$1.5502/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 98.50-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/30/

August 29, 2013

Gold (spot) closed up on Wednesday made its intraday high of US$1,433.50/ounce before setting intraday low of US$1,413.23/ounce. Gold went up by 0.100% at US$1,417.15/ounce.

Trading Strategy: Neutral

Sell at strength at 1415-1424; targeting 1402-1395 and 1387-1374, upside breakage of 1434 will lead to 1440-1448 and 1454-1460. Buy on dips at 1402-1389 with strict stop loss below 1389 1-hourly closing; targeting 1415-1424 and 1433-1340; break below 1389 will call for 1384-1379 and 1374-1367.

Silver (spot) closed down on Wednesday made its intraday high of US$25.11/ounce before setting intraday low of US$24.33/ounce. Silver settled 0.572% up at US$24.33/ounce.

Trading Strategy: Neutral

Short positions at 24.50-25.05 with stop above 25.20; targeting 24.25-23.85 and 23.65-23.25 upside breakout of 25.20 will open the way to 25.40-25.90 and 26.60. Buyers can buy above 23.60-23.10, targeting 24.90-25.25 and 25.45-25.90 with risk below 22.80 hourly closing.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$109.47/bbl and made an intraday low of US$109.10/bbl and settled up by 0.247% at US$109.47/bbl on session close.

Trading Strategy: Neutral

Sell in-between 109.80-110.90 with risk above 112.30; targeting 110.85-109.45 and 108.90-108.20. Buy above 107.50-108.20 using a stop loss of 106.90, targeting 109.80-110.80 and 111.90-112.50.

EUR/USD on Wednesday made an intra‐day low of US$1.3304/EUR and made an intraday high of US$1.3396/EUR and settled the day 0.395% up at US$1.3380/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3270-1.3210 targeting 1.3350-1.3390 and 1.3420-1.3490 with stop-loss with four-hour closing below 1.3190. Selling can 1.3350-1.3420 with risk above 1.3450; targeting 1.3310 and 1.3240-1.3170; alternatively, break above 1.3460 might call for 1.3520-1.3550.

GBP/USD on Wednesday made an intra‐day low of US$1.5427/GBP and made an intraday high of US$1.5551/GBP and settled the day down by 0.135% at US$1.5523/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Wednesday an intra‐day low of JPY96.80/USD and made an intraday high of JPY 97.82/USD and settled the day 0.639% up at JPY97.62/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 99.20 might call for 99.90-100.20 and 100.80-101.20. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/29/

August 28, 2013

Gold (spot) closed up on Tuesday made its intraday high of US$1,423.40/ounce before setting intraday low of US$1,395.66/ounce. Gold went up by 0.754% at US$1,415.00/ounce.

Trading Strategy: Neutral

Buy on dips at 1415-1400 with strict stop loss below 1389 1-hourly closing; targeting 1333-1340 and 1454; break below 1389 will call for 1379-1367. Sell at strength at 1430-1439; targeting 1415-1400 and 1387-1379, upside breakage of 1444 will lead to 1454-1460.

Silver (spot) closed up on Tuesday made its intraday high of US$24.70/ounce after setting intraday low of US$23.98/ounce. Silver settled 0.441% up at US$24.43/ounce.

Trading Strategy: Neutral

Short positions at 25.05-25.40 with stop above 25.45; targeting 24.852-24.55 and 24.25-23.85 upside breakout of 25.45 will open the way to 25.90-26.60. Buyers can buy above 24.15-24.45, targeting 24.90-25.25 and 25.45-24.90 with risk below 23.70 hourly closing.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$109.30/bbl and made an intraday low of US$105.87/bbl and settled up by 2.74% at US$109.05/bbl on session close.

Trading Strategy: Neutral

Sell in-between 112.50-113.90 with risk above 114.10; targeting 110.85-109.45 and 108.90-108.20. Buy above 109.70-110.90 using a stop loss of 108.80, targeting 111.90-112.50 and 113.20-114.00.

EUR/USD on Tuesday made an intra‐day low of US$1.3321/EUR and made an intraday high of US$1.3398/EUR and settled the day 0.179% up at US$1.3391/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Tuesday made an intra‐day low of US$1.5480/GBP and made an intraday high of US$1.5591/GBP and settled the day up by 0.186% at US$1.5544/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5550-1.5640, stop loss above 1.5700 targeting 1.5490 and 1.5410-1.5310. Buying can be done above 1.5490-1.5450 targeting 1.5650-1.5690; alternatively, a break below 1.5410 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Tuesday an intra‐day low of JPY98.49/USD and made an intraday high of JPY 98.52/USD and settled the day 1.50% down at JPY97.01/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.60-98.90, using a stop loss of 99.20, targeting 97.60-96.80 and 96.30-95.90. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.10-97.20, using a stop loss of below 95.90, targeting 95.70-94.60.

http://www.ikonmarkets.com/daily-reports/2013/08/28/

August 27, 2013

Gold (spot) closed up on Monday made its intraday high of US$1,406.83/ounce before setting intraday low of US$1,389.26/ounce. Gold went up by 0.475% at US$1,404.15/ounce.

Trading Strategy: Neutral

Sell at strength at 1405-1415; targeting 1387-1379 and 1367-1361, upside breakage of 1415 will lead to 1425-1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.

Silver (spot) closed up on Monday made its intraday high of US$24.41/ounce after setting intraday low of US$23.79/ounce. Silver settled 1.081% up at US$24.29/ounce.

Trading Strategy: Neutral

Short positions at 24.45-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.

Crude futures (July 2013) on Monday made an intra‐day high of US$107.32/bbl and made an intraday low of US$105.54/bbl and settled up by 0.720% at US$106.11/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.

EUR/USD on Monday made an intra‐day low of US$1.3355/EUR and made an intraday high of US$1.3393/EUR and settled the day 0.119% down at US$1.3367/EUR on session close.

Trading Strategy: Neutral

Based on today’s markets, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Monday made an intra‐day low of US$1.5555/GBP and made an intraday high of US$1.5611/GBP and settled the day up by 0.077% at US$1.5574/GBP on session close.

Trading Strategy: Neutral

Based on today’s markets, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Monday an intra‐day low of JPY98.26/USD and made an intraday high of JPY 98.83/USD and settled the day 0.050% down at JPY98.50/USD on session close.

Trading Strategy: Neutral

Based on today’s markets, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/27/

August 26, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,399.60/ounce after setting intraday low of US$1,368.42/ounce. Gold went up by 1.583% at US$1,397.18/ounce.

Trading Strategy: Neutral

Sell at strength at 1397-1405; targeting 1387-1379 and 1367-1361, upside breakage of 1405 will lead to 1415-1425 and 1435. Buy on dips at 1387-1378 with strict stop loss below 1364 1-hourly closing; targeting 1397-1405 and 1415-1425; break below 1364 will call for 1354-1344.

Silver (spot) closed up on Friday made its intraday high of US$24.09/ounce after setting intraday low of US$22.88/ounce. Silver settled 3.93% up at US$24.05/ounce.

Trading Strategy: Neutral

Short positions at 24.25-24.85 with stop above 25.05; targeting 23.85-23.65 and 23.30-22.80 upside breakout of 25.05 will open the way to 25.90-26.60. Buyers can buy above 23.60-22.90, targeting 23.90-24.25 and 24.55-24.90 with risk below 22.70 hourly closing.

Crude futures (July 2013) on Friday made an intra‐day high of US$106.91/bbl and made an intraday low of US$104.29/bbl and settled up by 1.074% at US$106.32/bbl on session close.

Trading Strategy: Neutral

Sell in-between 106.90-107.50 with risk above 108.20; targeting 106.30-105.30 and 104.50-103.20. Buy above 105.20-105.90 using a stop loss of 103.20, targeting 106.90-107.55 and 108.20-108.90.

EUR/USD on Friday made an intra‐day low of US$1.3332/EUR and made an intraday high of US$1.3408/EUR and settled the day 0.194% up at US$1.3380/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3350-1.3290 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3240. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Friday made an intra‐day low of US$1.5537/GBP and made an intraday high of US$1.5636/GBP and settled the day down by 0.121% at US$1.5567/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY98.38/USD and made an intraday high of JPY 99.14/USD and settled the day 0.010% down at JPY98.70/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/26/

August 23, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,381.54/ounce before setting intraday low of US$1,355.00/ounce. Gold went up by 0.686% at US$1,375.33/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Thursday made its intraday high of US$23.32/ounce after setting intraday low of US$22.45/ounce. Silver settled 1.182% down at US$23.10/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Thursday made an intra‐day high of US$105.22/bbl and made an intraday low of US$103.52/bbl and settled up by 1.280% at US$105.18/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.90-105.90 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.

EUR/USD on Thursday made an intra‐day low of US$1.3297/EUR and made an intraday high of US$1.3372/EUR and settled the day 0.014% up at US$1.3354/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Thursday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5664/GBP and settled the day down by 0.477% at US$1.5586/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5640-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5490 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY97.57/USD and made an intraday high of JPY 98.79/USD and settled the day 1.065% up at JPY98.69/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 99.20-100.20, using a stop loss of 100.80, targeting 89.90-89.20 and 97.60-96.80. Alternatively, a break above 100.80 might call for 101.20-101.80. Buy above 96.90-97.60, using a stop loss of below 96.30, targeting 95.70-94.60.

http://ikonmarkets.com/daily-reports/2013/08/23/

August 22, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Wednesday made its intraday high of US$23.26/ounce after setting intraday low of US$22.76/ounce. Silver settled 0.478% down at US$22.87/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Wednesday made an intra‐day high of US$105.32/bbl and made an intraday low of US$103.49/bbl and settled down by 1.241% at US$103.83/bbl on session close.

Trading Strategy: Neutral

Sell in-between 104.50-105.60 with risk above 106.90; targeting 103.20-102.20. Buy above 103.20-102.20 using a stop loss of 102.00, targeting 104.50-105.30 and 105.90-106.90.

EUR/USD on Wednesday made an intra‐day low of US$1.3334/EUR and made an intraday high of US$1.3426/EUR and settled the day 0.462% down at US$1.3353/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Wednesday made an intra‐day low of US$1.5636/GBP and made an intraday high of US$1.5714/GBP and settled the day down by 0.044% at US$1.5657/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Wednesday an intra‐day low of JPY97.11/USD and made an intraday high of JPY 97.97/USD and settled the day 0.421% down at JPY97.66/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/22/

August 21, 2013

Gold (spot) closed down on Tuesday made its intraday high of US$1,377.46/ounce before setting intraday low of US$1,352.42/ounce. Gold went down by 0.902% at US$1,370.95/ounce.

Trading Strategy: Neutral

Sell at strength at 1369-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed down on Tuesday made its intraday high of US$23.31/ounce after setting intraday low of US$22.28/ounce. Silver settled 0.733% down at US$23.00/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 23.15-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Tuesday made an intra‐day high of US$106.93/bbl and made an intraday low of US$104.63/bbl and settled down by 1.471% at US$105.13/bbl on session close.

Trading Strategy: Neutral

Sell in-between 105.60-106.90 with risk above 107.50; targeting 104.60-104.00 and 103.20. Buy above 104.50-103.60 using a stop loss of 103.20, targeting 105.30-105.90 and 106.90-107.50.

EUR/USD on Tuesday made an intra‐day low of US$1.3322/EUR and made an intraday high of US$1.3451/EUR and settled the day 0.615% down at US$1.3415/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3310-1.3240 targeting 1.3410-1.3490 and 1.3550 with stop-loss with four-hour closing below 1.3170. Selling can 1.3420-1.3490 with risk above 1.3520; targeting 1.3360-1.3310 and 1.3240-1.3170; alternatively, break above 1.3490 might call for 1.3520-1.3550.

GBP/USD on Tuesday made an intra‐day low of US$1.5627/GBP and made an intraday high of US$1.5694/GBP and settled the day up by 0.115% at US$1.5664/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5690-1.5750, stop loss above 1.5800 targeting 1.5630-1.5550 and 1.5410-1.5310. Buying can be done above 1.5590-1.5550 targeting 1.5650-1.5690; alternatively, a break below 1.5450 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Tuesday an intra‐day low of JPY96.90/USD and made an intraday high of JPY 97.85/USD and settled the day 0.276% down at JPY97.25/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/21/

August 20, 2013

Gold (spot) closed down on Monday made its intraday high of US$1,384.35/ounce before setting intraday low of US$1,362.17/ounce. Gold went down by 0.862%at US$1,365.25/ounce.

Trading Strategy: Neutral

Sell at strength at 1367-1379; targeting 1361-1352 and 1346-1338, upside breakage of 1387 will lead to 1394-1400 and 1405-1415. Buy on dips at 1352-1346with strict stop loss below 13381-hourly closing; targeting 1369-1378 and 1384-1394; break below 1338 will call for 1331-1328.

Silver (spot) closed upon Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.05, targeting 22.70-22.95 and 23.40-23.90 with risk below 21.95 hourly closing. Short positions at 22.95-23.50 with stop above 24.05; targeting 22.40-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to24.40-24.90.

Crude futures (July 2013) on Monday made an intra‐day high of US$107.79/bbl and made an intraday low of US$106.55/bb land settled down by 0.715% at US$106.92/bbl on session close.

Trading Strategy: Neutral

Sell in-between106.90-107.50with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60using a stop loss of 103.20, targeting 106.90 and 107.50-108.90

EUR/USD on Monday made an intra‐day low of US$1.3314/EUR and made an intraday high of US$1.3373/EUR and settled the day 0.002% down at US$1.3333/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can1.3360-1.3410with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Monday made an intra‐day low of US$1.5608/GBP and made an intraday high of US$1.5672/GBP and settled the day up by 0.185% at US$1.5646/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between1.5650-1.5690, stop loss above 1.5760targeting 1.5590-1.5550 and 1.5410-1.5310.Buying can be done above 1.5550-1.5440targeting 1.5650-1.5690; alternatively, a break below1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Monday an intra‐day low of JPY97.35/USD and made an intraday high of JPY98.11/USD and settled the day 0.061% down at JPY97.54/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.90, using a stop loss of 99.20, targeting 96.80-96.30 and 95.70-94.50.Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20.Buy above 95.90-96.30, using a stop loss ofbelow 94.60, targeting 99.90-100.80.

http://www.ikonmarkets.com/daily-reports/2013/08/20/

August 19, 2013

Gold (spot) closed up on Friday made its intraday high of US$1,379.67/ounce after setting intraday low of US$1,357.39/ounce. Gold went up by 0.782% at US$1,376.08/ounce.

Trading Strategy: Neutral

Sell at strength at 1379-1387; targeting 1361-1352 and 1346-1338, upside breakage of 1394 will lead to 1400-1415. Buy on dips at 1357-1369 with strict stop loss below 1357 1-hourly closing; targeting 1378 and 1384-1394; break below 1357 will call for 1351-1344 and 1338-1331.

Silver (spot) closed up on Friday made its intraday high of US$23.40/ounce after setting intraday low of US$22.77/ounce. Silver settled 1.308% up at US$23.22/ounce.

Trading Strategy: Neutral

Buyers can buy above 22.20-22.95, targeting 23.20-23.90 with risk below 21.95 hourly closing. Short positions at 23.50-23.95 with stop above 24.05; targeting 22.60-22.20 and 21.90-21.45 upside breakout of 24.05 will open the way to 24.40-24.90.

Crude futures (July 2013) on Friday made an intra‐day high of US$108.15/bbl and made an intraday low of US$106.54/bbl and settled down by 0.465% at US$107.68/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.10 with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90

EUR/USD on Friday made an intra‐day low of US$1.3310/EUR and made an intraday high of US$1.3379/EUR and settled the day 0.142% down at US$1.3327/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Friday made an intra‐day low of US$1.5606/GBP and made an intraday high of US$1.5655/GBP and settled the day down by 0.076% at US$1.5624/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5650-1.5690, stop loss above 1.5760 targeting 1.5590-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5440 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Friday an intra‐day low of JPY97.04/USD and made an intraday high of JPY 97.76/USD and settled the day 0.174% down at JPY97.51/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/19/

August 16, 2013

Gold (spot) closed up on Thursday made its intraday high of US$1,370.16/ounce after setting intraday low of US$1,318.80/ounce. Gold went up by 2.235% at US$1,365.44/ounce.

Trading Strategy: Neutral

Sell at strength at 1368-1374; targeting 1361-1352 and 1346-1338, upside breakage of 1378 will lead to 1384-1394. Buy on dips at 1352-1346 with strict stop loss below 1338 1-hourly closing; targeting 1368-1378 and 1384-1394; break below 1338 will call for 1331-1324 and 1316-1309.

Silver (spot) closed up on Thursday made its intraday high of US$23.19/ounce after setting intraday low of US$21.72/ounce. Silver settled 4.983% up at US$22.96/ounce.

Trading Strategy: Neutral

Buyers can buy above 21.90-22.20, targeting 23.20-23.90 with risk below 21.40 hourly closing. Short positions at 23.20-23.50 with stop above 23.95; targeting 22.60-22.20 and 21.90-21.45 upside breakout of 23.95 will open the way to 24.40-24.90.

Crude futures (July 2013) on Thursday made an intra‐day high of US$107.85/bbl and made an intraday low of US$106.58/bbl and settled down by 0.277% at US$107.26/bbl on session close.

Trading Strategy: Neutral

Sell in-between 107.50-108.10 with risk above 108.60; targeting 106.30-105.60 and 104.90-104.60. Buy above 105.50-104.60 using a stop loss of 103.20, targeting 106.90 and 107.50-108.90.

EUR/USD on Thursday made an intra‐day low of US$1.3204/EUR and made an intraday high of US$1.3362/EUR and settled the day 0.694% up at US$1.3345/EUR on session close.

Trading Strategy: Neutral

Based on today’s market, Buying the pair above 1.3240-1.3190 targeting 1.3320-1.3410 with stop-loss with four-hour closing below 1.3120. Selling can 1.3360-1.3410 with risk above 1.3430; targeting 1.3310-1.3240 and 1.3170-1.3120; alternatively, break above 1.3420 might call for 1.3490-1.3520.

GBP/USD on Thursday made an intra‐day low of US$1.5494/GBP and made an intraday high of US$1.5650/GBP and settled the day down by 0.896% at US$1.5637/GBP on session close.

Trading Strategy: Neutral

Based on today’s market, sell between 1.5650-1.5690, stop loss above 1.5760 targeting 1.5590-1.5550 and 1.5410-1.5310. Buying can be done above 1.5550-1.5440 targeting 1.5650-1.5690; alternatively, a break below 1.5400 might call for 1.5380-1.5280 and 1.5190-1.5150.

USD/JPY on Thursday an intra‐day low of JPY97.05/USD and made an intraday high of JPY 98.64/USD and settled the day 0.784% down at JPY97.34/USD on session close.

Trading Strategy: Neutral

Based on today’s market, sell below 97.90-98.70, using a stop loss of 99.20, targeting 95.70-94.50. Alternatively, a break above 99.20 might call for 99.80-100.20 and 100.80-101.20. Buy above 95.90-96.30, using a stop loss of below 94.60, targeting 99.90-100.80.

http://ikonmarkets.com/daily-reports/2013/08/16/