Market Scenario 1: Long positions above 0.6992 with targets @ 0.7063 & 0.7110.
Market Scenario 2: Short positions below 0.6992 with targets @ 0.6945 & 0.6874.
Comment: The pair advanced and now trades muted near resistance level 0.7063.
Supports and Resistances:
R3 0.7181
R2 0.7110
R1 0.7063
PP 0.6992
S1 0.6945
S2 0.6874
S3 0.6827
Market Scenario 1: Long positions above 133.86 with targets @ 134.76 & 135.30.
Market Scenario 2: Short positions below 133.86 with targets @ 133.32 & 132.42.
Comment: The pair faced resistance at 134.76 level and retraced and now makes a second try to reach it.
Supports and Resistances:
R3 136.20
R2 135.30
R1 134.76
PP 133.86
S1 133.32
S2 132.42
S3 131.88
Market Scenario 1: Long positions above 1.1194 with targets @ 1.1237 & 1.1271.
Market Scenario 2: Short positions below 1.1194 with targets @ 1.1160 & 1.1117.
Comment: The pair rebounded from support level 1.1160.
Supports and Resistances:
R3 1.1314
R2 1.1271
R1 1.1237
PP 1.1194
S1 1.1160
S2 1.1117
S3 1.1083
Market Scenario 1: Long positions above 183.73 with targets @ 185.67 & 186.88.
Market Scenario 2: Short positions below 183.73 with targets @ 182.52 & 180.58.
Comment: The pair faces the challenge to surpass resistance level 185.67.
Supports and Resistances:
R3 188.82
R2 186.88
R1 185.67
PP 183.73
S1 182.52
S2 180.58
S3 179.37
Market Scenario 1: Long positions above 1.5358 with targets @ 1.5448 & 1.5500.
Market Scenario 2: Short positions below 1.5358 with targets @ 1.5306 & 1.5216.
Comment: The pair recovered from the low of 1.5368, but trades moderately weak as the bulls prefer to remain on the sidelines ahead of the UK data.
Supports and Resistances:
R3 1.5590
R2 1.5500
R1 1.5448
PP 1.5358
S1 1.5306
S2 1.5216
S3 1.5164
Market Scenario 1: Long positions above 119.63 with targets @ 120.40 & 121.00.
Market Scenario 2: Short positions below 119.63 with targets @ 119.03 & 118.26.
Comment: The pair reached fresh highs near 120.70 level.
Supports and Resistances:
R3 121.77
R2 121.00
R1 120.40
PP 119.63
S1 119.03
S2 118.26
S3 117.66
Market Scenario 1: Long positions above 1120.50 with targets @ 1126.40 & 1131.80.
Market Scenario 2: Short positions below 1120.50 with targets @ 1115.10 & 1109.20.
Comment: Gold prices fell as strong gains in global equity markets dampened demand for the yellow metal.
Supports and Resistances:
R3 1137.70
R2 1131.80
R1 1126.40
PP 1120.50
S1 1115.10
S2 1109.20
S3 1103.80
Market Scenario 1: Long positions above 45.43 with targets @ 46.71 & 47.70.
Market Scenario 2: Short positions below 45.43 with targets @ 44.44 & 43.16.
Comment: Crude oil prices trade higher as dealers set aside weak Chinese trade data and looked ahead to the release of US stockpiles report.
Supports and Resistances:
R3 48.98
R2 47.70
R1 46.71
PP 45.43
S1 44.44
S2 43.16
S3 42.17
Market Scenario 1: Long positions above 67.189 with targets @ 68.035 & 69.429.
Market Scenario 2: Short positions below 67.189 with targets @ 65.795 & 64.949.
Comment: The pair has a bearish tone and trades neat 66.400 level.
Supports and Resistances:
R3 71.669
R2 69.429
R1 68.035
PP 67.189
S1 65.795
S2 64.949
S3 62.710
